Realty Income (NYSE:O) Trading Up 0.4% - Here's Why

Shares of Realty Income Co. (NYSE:O - Get Free Report) traded up 0.4% during mid-day trading on Monday . The company traded as high as $57.29 and last traded at $57.21. 829,622 shares changed hands during trading, a decline of 84% from the average session volume of 5,187,329 shares. The stock had previously closed at $56.96.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut their price target on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Monday. Stifel Nicolaus lowered their price objective on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Mizuho lifted their price target on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Scotiabank reduced their price objective on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a research note on Friday, February 28th. Finally, BNP Paribas lowered Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price on the stock. in a report on Tuesday, February 25th. Ten equities 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, the stock presently has an average rating of "Hold" and a consensus price target of $61.88.

Realty Income Stock Up 0.3 %

The firm has a 50-day simple moving average of $56.58 and a two-hundred day simple moving average of $56.14. The stock has a market cap of $50.96 billion, a P/E ratio of 54.43, a PEG ratio of 2.10 and a beta of 0.78. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O - Get Free Report) last announced its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Equities research analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The company also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.2685 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a yield of 6%. Realty Income's payout ratio is 328.57%.

Institutional Investors Weigh In On Realty Income

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in shares of Realty Income during the fourth quarter worth $553,572,000. Trust Co. of Vermont boosted its stake in shares of Realty Income by 12.7% during the fourth 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Realty Income by 27.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock valued at $40,656,000 after buying an additional 166,178 shares during the period. Asset Management One Co. Ltd. raised its holdings in 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 during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Realty Income by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust's stock worth $138,937,000 after buying an additional 74,185 shares during the period. 70.81% of the stock is currently owned by 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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