Realty Income (NYSE:O) Trading 1.1% Higher - What's Next?

Key Points

• Realty Income's shares increased by 1.1% to trade at $59.97 on Friday, with a total volume of 4.2 million shares, down 23% from its average session volume.
• Equity analysts have set a consensus rating of "Hold" for Realty Income, with an average target price of $62.25, while UBS Group upgraded its price objective to $66.00 and assigned a "buy" rating.
• The company declared a monthly dividend of $0.2695 per share, with a dividend yield of 5.4%, scheduled for payment on November 14th to investors of record on October 31st.

Realty Income Corporation (NYSE:O - Get Free Report) shares traded up 1.1% during trading on Friday . The company traded as high as $59.99 and last traded at $59.97. 4,217,597 shares changed hands during trading, a decline of 23% from the average session volume of 5,491,105 shares. The stock had previously closed at $59.29.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on O shares. Cantor Fitzgerald started coverage on Realty Income in a report on Wednesday, October 1st. They issued a "neutral" rating and a $64.00 price objective for the company. Barclays boosted their price objective on Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a report on Wednesday, August 20th. Evercore ISI started coverage on Realty Income in a report on Wednesday, October 1st. They issued an "in-line" rating and a $62.00 price objective for the company. Scotiabank boosted their price objective on Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a report on Thursday, August 28th. Finally, UBS Group boosted their price objective on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a report on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat.com, Realty Income currently has a consensus rating of "Hold" and an average target price of $62.25.

Realty Income Trading Up 1.1%

The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The company has a 50 day moving average of $59.11 and a two-hundred day moving average of $57.53. The stock has a market cap of $54.83 billion, a PE ratio of 58.22, a price-to-earnings-growth ratio of 4.54 and a beta of 0.78.

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 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 business had revenue of $1.34 billion during 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 revenue for the quarter was up 5.3% on a year-over-year basis. Sell-side analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be paid a $0.2695 dividend. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Friday, October 31st. Realty Income's payout ratio is currently 313.59%.

Insider Buying and Selling

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the business's stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the sale, the director directly owned 19,211 shares in the company, valued at approximately $1,160,920.73. The trade was a 36.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.10% of the company's stock.

Institutional Investors Weigh In On Realty Income

Several large investors have recently bought and sold shares of O. Norges Bank purchased a new stake in Realty Income during the 2nd quarter worth approximately $676,500,000. Vanguard Group Inc. increased its stake in Realty Income by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust's stock worth $8,418,907,000 after buying an additional 3,624,852 shares in the last quarter. Nuveen LLC purchased a new stake in Realty Income during the 1st quarter worth approximately $207,573,000. Geode Capital Management LLC increased its stake in Realty Income by 8.3% during the 2nd quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust's stock worth $1,548,687,000 after buying an additional 2,058,031 shares in the last quarter. Finally, Schroder Investment Management Group increased its stake in Realty Income by 420.0% during the 2nd quarter. Schroder Investment Management Group now owns 2,139,550 shares of the real estate investment trust's stock worth $123,259,000 after buying an additional 1,728,082 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other 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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