Realty Income (NYSE:O) Trading 1.4% Higher - What's Next?

Realty Income Corporation (NYSE:O - Get Free Report)'s stock price traded up 1.4% during trading on Tuesday . The stock traded as high as $57.62 and last traded at $57.19. 1,323,644 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 5,279,866 shares. The stock had previously closed at $56.39.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. UBS Group dropped their price target on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Stifel Nicolaus increased their price target on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Mizuho increased their target price on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Scotiabank raised 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, Wedbush reissued a "neutral" rating and issued a $61.00 price objective on shares of Realty Income in a report on Wednesday, May 7th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $61.15.

Realty Income Trading Up 2.6%

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 firm's 50-day moving average price is $56.77 and its 200 day moving average price is $56.06. The company has a market capitalization of $52.25 billion, a P/E ratio of 52.59, a P/E/G ratio of 3.96 and a beta of 0.75.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06. The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The business's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company posted $1.03 EPS. As a group, equities research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a $0.269 dividend. This represents a yield of 5.7%. The ex-dividend date is Friday, August 1st. Realty Income's payout ratio is currently 292.73%.

Institutional Trading of Realty Income

Hedge funds have recently made changes to their positions in the business. Compagnie Lombard Odier SCmA bought a new position in Realty Income during the 2nd quarter valued at about $25,000. Keystone Global Partners LLC bought a new position in Realty Income during the 1st quarter valued at about $26,000. Lee Danner & Bass Inc. bought a new position in Realty Income during the 4th quarter valued at about $28,000. PSI Advisors LLC grew its stake in Realty Income by 78.3% in the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 252 shares in the last quarter. Finally, FSC Wealth Advisors LLC grew its stake in Realty Income by 288.0% in the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 455 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.