Realty Income Corporation (NYSE:O - Get Free Report) was up 1.3% during mid-day trading on Monday . The company traded as high as $57.36 and last traded at $57.31. Approximately 1,341,170 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 5,556,860 shares. The stock had previously closed at $56.57.
Analysts Set New Price Targets
A number of research firms have weighed in on O. Wedbush reissued a "neutral" rating and set a $61.00 target price on shares of Realty Income in a report on Wednesday, May 7th. JPMorgan Chase & Co. cut their price objective on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. 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. Scotiabank boosted their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Finally, Barclays restated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $61.15.
Get Our Latest Analysis on O
Realty Income Price Performance
The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $51.90 billion, a P/E ratio of 52.24, a price-to-earnings-growth ratio of 3.97 and a beta of 0.76. The business's 50-day moving average is $57.10 and its two-hundred day moving average is $56.36.
Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The firm's revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 EPS. As a group, analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.
Realty Income Announces Dividend
The company also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a $0.269 dividend. This represents a yield of 570.0%. The ex-dividend date of this dividend is Friday, August 1st. Realty Income's dividend payout ratio (DPR) is presently 293.64%.
Institutional Trading of Realty Income
Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Realty Income by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock worth $8,267,084,000 after acquiring an additional 3,274,853 shares during the last quarter. Northern Trust Corp increased its stake in shares of Realty Income by 41.2% during the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock valued at $701,792,000 after buying an additional 3,834,403 shares during the period. Dimensional Fund Advisors LP lifted its stake in Realty Income by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 12,108,561 shares of the real estate investment trust's stock worth $702,381,000 after acquiring an additional 451,307 shares during the period. Invesco Ltd. raised its holdings in Realty Income by 0.4% in the 1st quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust's stock worth $662,589,000 after purchasing an additional 48,024 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of Realty Income by 9.6% during the first quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust's stock valued at $658,813,000 after buying an additional 992,303 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.
Realty Income Company Profile
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Get Free Report)
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.
Further Reading
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