Realty Income (NYSE:O) Stock Price Up 1.2% - Still a Buy?

Key Points

• Realty Income's stock price increased by 1.2% to $58.59, although trading volume was significantly down by 79% compared to its average.
• Multiple analysts have given Realty Income a mix of ratings, with four issuing a "Buy" rating and eight a "Hold," resulting in a consensus rating of "Hold" and an average target price of $61.73.
• The company announced an increase in its monthly dividend to $0.269, which represents an annualized dividend yield of 5.5% and reflects its status as a reliable dividend-paying REIT.

Realty Income Corporation (NYSE:O - Get Free Report) shares rose 1.2% during trading on Tuesday . The company traded as high as $58.73 and last traded at $58.59. Approximately 1,174,447 shares were traded during trading, a decline of 79% from the average daily volume of 5,485,865 shares. The stock had previously closed at $57.87.

Wall Street Analyst Weigh In

O has been the subject of several recent research reports. Stifel Nicolaus boosted their target price on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Barclays reissued an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. UBS Group upped their price objective on shares of Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a report on Friday. Scotiabank upped their price objective on shares of Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Finally, Wolfe Research downgraded shares of Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Four equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $61.73.

Realty Income Stock Up 1.8%

The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market capitalization of $53.84 billion, a PE ratio of 57.17, a PEG ratio of 4.47 and a beta of 0.76. The company has a 50 day moving average price of $57.41 and a 200-day moving average price of $56.59.

Realty Income (NYSE:O - Get Free Report) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The company's revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm posted $1.07 earnings per share. As a group, analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be issued a $0.269 dividend. This is a positive change from Realty Income's previous monthly dividend of $0.26. The ex-dividend date is Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. Realty Income's dividend payout ratio (DPR) is presently 312.62%.

Institutional Investors Weigh In On Realty Income

Institutional investors and hedge funds have recently bought and sold shares of the company. Compagnie Lombard Odier SCmA purchased a new position in Realty Income during the 2nd quarter worth $25,000. Keystone Global Partners LLC acquired a new position in shares of Realty Income in the 1st quarter valued at about $26,000. Avion Wealth raised its holdings in Realty Income by 142.4% in the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 309 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in Realty Income in the 2nd quarter worth about $31,000. Finally, Country Trust Bank raised its holdings in Realty Income by 806.5% in the 2nd quarter. Country Trust Bank now owns 562 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 500 shares during the period. 70.81% of the stock is owned by institutional investors.

About Realty Income

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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