Realty Income (NYSE:O) Stock Price Up 1.3% Following Analyst Upgrade

Key Points

• Realty Income's stock rose 1.3% following an upgrade by Barclays, which increased their price target from $58.00 to $59.00.
• Institutional investors own 70.81% of Realty Income's stock, with various hedge funds recently increasing their positions.
• The company recently declared a monthly dividend of $0.269, up from the previous $0.26 with a dividend yield of 5.4%.

Realty Income Corporation (NYSE:O - Get Free Report) shot up 1.3% on Wednesday after Barclays raised their price target on the stock from $58.00 to $59.00. Barclays currently has an equal weight rating on the stock. Realty Income traded as high as $60.06 and last traded at $59.79. 1,341,844 shares traded hands during trading, a decline of 76% from the average session volume of 5,483,335 shares. The stock had previously closed at $59.01.

O has been the topic of several other research reports. Wedbush reiterated a "neutral" rating and set a $61.00 price objective on shares of Realty Income in a report on Wednesday, May 7th. Stifel Nicolaus upped their price objective on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. dropped their price objective on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. UBS Group upped their price objective on shares of Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a report on Friday, August 15th. Finally, Scotiabank upped their price objective on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Three equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Realty Income has a consensus rating of "Hold" and an average target price of $61.82.

Institutional Investors Weigh In On Realty Income

A number of large investors have recently added to or reduced their stakes in O. Compagnie Lombard Odier SCmA bought a new stake in Realty Income in the 2nd quarter worth $25,000. Keystone Global Partners LLC bought a new stake in Realty Income in the 1st quarter worth $26,000. Avion Wealth grew 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 acquiring an additional 309 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in Realty Income in the 2nd quarter worth $31,000. Finally, Country Trust Bank grew 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 acquiring an additional 500 shares during the last quarter. Institutional investors own 70.81% of the company's stock.

Realty Income Stock Performance

The business's fifty day simple moving average is $57.55 and its 200-day simple moving average is $56.71. The firm has a market cap of $53.82 billion, a P/E ratio of 57.15, a price-to-earnings-growth ratio of 4.50 and a beta of 0.76. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72.

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

Realty Income Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be issued a $0.269 dividend. This represents a c) annualized dividend and a yield of 5.5%. This is a boost from Realty Income's previous monthly dividend of $0.26. The ex-dividend date is Tuesday, September 2nd. Realty Income's dividend payout ratio (DPR) is 313.59%.

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.