Realty Income (NYSE:O) Trading Up 1% - Here's What Happened

Realty Income Co. (NYSE:O - Get Free Report)'s share price traded up 1% on Thursday . The stock traded as high as $55.23 and last traded at $55.07. 1,725,100 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 5,204,318 shares. The stock had previously closed at $54.54.

Wall Street Analysts Forecast Growth

O has been the subject of several research analyst reports. UBS Group lowered their price target on Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Tuesday. Barclays restated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective on the stock. in a research note on Tuesday, February 25th. Stifel Nicolaus boosted their price target on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Finally, Royal Bank of Canada lowered their target price on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $61.15.

Realty Income Stock Performance

The firm has a fifty day simple moving average of $56.38 and a 200-day simple moving average of $55.83. The stock has a market cap of $49.59 billion, a price-to-earnings ratio of 52.32, a P/E/G 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 released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting analysts' consensus estimates of $1.06. The business had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. Analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently disclosed a jun 25 dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.2685 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a dividend yield of 5.8%. Realty Income's dividend payout ratio is 292.73%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in O. Keystone Global Partners LLC bought a new stake in shares of Realty Income during the first quarter worth $26,000. Lee Danner & Bass Inc. acquired a new position in Realty Income in the fourth quarter valued at $28,000. Hopwood Financial Services Inc. acquired a new position in Realty Income in the fourth quarter valued at $29,000. Sierra Ocean LLC acquired a new position in Realty Income in the fourth quarter valued at $32,000. Finally, PSI Advisors LLC lifted 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 buying an additional 252 shares during the period. 70.81% of the stock is 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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