Realty Income (NYSE:O) Trading 1% Higher - Here's Why

Realty Income Co. (NYSE:O - Get Free Report)'s stock price rose 1% during mid-day trading on Friday . The company traded as high as $55.92 and last traded at $55.95. Approximately 1,357,192 shares traded hands during trading, a decline of 74% from the average daily volume of 5,202,096 shares. The stock had previously closed at $55.40.

Analysts Set New Price Targets

O has been the topic of a number of research reports. Barclays restated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Mizuho increased their price objective on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. Stifel Nicolaus increased their target price on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. UBS Group lowered their price objective on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, Royal Bank of Canada reduced their target price on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $61.15.

Realty Income Stock Up 1.3%

The firm has a market capitalization of $50.70 billion, a PE ratio of 53.49, a P/E/G ratio of 2.10 and a beta of 0.78. The firm's 50 day moving average price is $56.31 and its two-hundred day moving average price is $55.79. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

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

Realty Income Announces Dividend

The company also recently disclosed a jun 25 dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be issued a $0.2685 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a dividend yield of 5.8%. Realty Income's dividend payout ratio (DPR) is presently 292.73%.

Hedge Funds Weigh In On Realty Income

A number of institutional investors and hedge funds have recently bought and sold shares of O. Raymond James Financial Inc. acquired a new stake in shares of Realty Income during the fourth quarter worth approximately $553,572,000. Trust Co. of Vermont raised its stake in Realty Income by 12.7% during the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust's stock valued at $13,540,000 after purchasing an additional 28,480 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Realty Income by 27.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock valued at $40,656,000 after purchasing an additional 166,178 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in shares of 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, Employees Retirement System of Texas raised its stake in shares of Realty Income by 19.0% in the 4th quarter. Employees Retirement System of Texas now owns 488,183 shares of the real estate investment trust's stock valued at $26,074,000 after buying an additional 78,000 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

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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