Realty Income (NYSE:O) Stock Price Up 0.2% Following Analyst Upgrade

Realty Income Co. (NYSE:O - Get Free Report)'s share price was up 0.2% during mid-day trading on Wednesday after Stifel Nicolaus raised their price target on the stock from $65.50 to $68.00. Stifel Nicolaus currently has a buy rating on the stock. Realty Income traded as high as $57.13 and last traded at $56.91. Approximately 1,109,087 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 5,180,531 shares. The stock had previously closed at $56.79.

O has been the subject of several other reports. JPMorgan Chase & Co. lowered their price objective on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday. Royal Bank of Canada lowered their price target on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Mizuho increased their price target on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Barclays reissued an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Finally, Scotiabank dropped their price objective on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $62.00.

Hedge Funds Weigh In On Realty Income

Hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in Realty Income in the 4th quarter valued at about $553,572,000. Trust Co. of Vermont lifted its position in Realty Income by 12.7% during the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust's stock worth $13,540,000 after buying an additional 28,480 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Realty Income by 27.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock worth $40,656,000 after buying an additional 166,178 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in Realty Income by 6.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust's stock valued at $93,850,000 after buying an additional 101,184 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Realty Income by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust's stock worth $138,937,000 after acquiring an additional 74,185 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Stock Performance

The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a fifty day moving average price of $56.60 and a 200 day moving average price of $56.09. The firm has a market cap of $50.80 billion, a PE ratio of 54.33, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Realty Income's revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 EPS. As a group, equities research analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The firm also recently declared a may 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.2685 dividend. This represents a dividend yield of 6%. The ex-dividend date of this dividend is Thursday, May 1st. Realty Income's dividend payout ratio (DPR) is presently 292.73%.

Realty Income Company Profile

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.

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