Realty Income (NYSE:O) Stock Price Up 1.6% - Here's Why

Shares of Realty Income Corporation (NYSE:O - Get Free Report) traded up 1.6% on Monday . The stock traded as high as $58.02 and last traded at $58.11. 982,688 shares were traded during trading, a decline of 81% from the average session volume of 5,206,320 shares. The stock had previously closed at $57.18.

Analyst Ratings Changes

Several equities research analysts have commented on O shares. Royal Bank Of Canada cut their target price on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Wedbush reiterated a "neutral" rating and issued a $61.00 price objective on shares of Realty Income in a report on Wednesday, May 7th. Mizuho boosted their price objective on shares of Realty Income from $54.00 to $59.00 and gave the stock 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 stock a "buy" rating in a report on Tuesday, May 6th. Finally, Scotiabank raised their target price on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $61.15.

Realty Income Stock Up 0.2%

The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. The firm's 50 day moving average price is $56.80 and its two-hundred day moving average price is $55.62. The company has a market capitalization of $51.66 billion, a price-to-earnings ratio of 52.01, a price-to-earnings-growth ratio of 3.99 and a beta of 0.76.

Realty Income (NYSE:O - Get Free Report) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.06. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the business posted $1.03 EPS. The business's revenue was up 9.5% compared to the same quarter last year. Sell-side analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a jul 25 dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be issued a $0.269 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This is a boost from Realty Income's previous jul 25 dividend of $0.27. This represents a yield of 5.6%. Realty Income's payout ratio is currently 292.73%.

Institutional Investors Weigh In On Realty Income

Several institutional investors and hedge funds have recently bought and sold shares of the company. Keystone Global Partners LLC acquired a new position in Realty Income during the 1st quarter worth about $26,000. Lee Danner & Bass Inc. bought a new position in shares of Realty Income during the fourth quarter worth about $28,000. Hopwood Financial Services Inc. acquired a new position in shares of Realty Income in the fourth quarter worth approximately $29,000. PSI Advisors LLC boosted its holdings in Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 252 shares during the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in Realty Income during the 4th quarter valued at approximately $34,000. 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.