Realty Income (NYSE:O) Trading Up 0.9% – Here’s Why

Realty Income Co. (NYSE:O) was up 0.9% during trading on Wednesday . The stock traded as high as $56.32 and last traded at $56.16. Approximately 992,802 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 4,975,940 shares. The stock had previously closed at $55.65.

Analyst Ratings Changes

O has been the subject of a number of recent research reports. Scotiabank dropped their target price on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Stifel Nicolaus dropped their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research note on Tuesday, February 25th. Royal Bank of Canada dropped their price target on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Finally, Barclays increased their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $62.04.

Realty Income Stock Up 1.0 %

The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm’s fifty day moving average price is $55.65 and its 200-day moving average price is $57.38. The company has a market cap of $50.13 billion, a price-to-earnings ratio of 53.56, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last posted 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 during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Sell-side analysts predict that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.2685 per share. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. This represents a yield of 5.7%. The ex-dividend date is Tuesday, April 1st. Realty Income’s dividend payout ratio (DPR) is 328.57%.

Institutional Investors Weigh In On Realty Income

Institutional investors have recently added to or reduced their stakes in the stock. Cerity Partners LLC boosted its position in shares of Realty Income by 60.0% during the third quarter. Cerity Partners LLC now owns 86,934 shares of the real estate investment trust’s stock worth $5,513,000 after buying an additional 32,600 shares during the period. Penserra Capital Management LLC lifted its stake in Realty Income by 19.0% in the 3rd quarter. Penserra Capital Management LLC now owns 27,513 shares of the real estate investment trust’s stock valued at $1,743,000 after acquiring an additional 4,397 shares in the last quarter. Larson Financial Group LLC boosted its position in Realty Income by 62.8% during the 3rd quarter. Larson Financial Group LLC now owns 8,832 shares of the real estate investment trust’s stock worth $560,000 after acquiring an additional 3,407 shares during the last quarter. Summit Trail Advisors LLC grew its stake in shares of Realty Income by 15.7% during the 3rd quarter. Summit Trail Advisors LLC now owns 6,912 shares of the real estate investment trust’s stock worth $438,000 after acquiring an additional 938 shares in the last quarter. Finally, Independent Advisor Alliance raised its holdings in shares of Realty Income by 7.7% in the third quarter. Independent Advisor Alliance now owns 21,958 shares of the real estate investment trust’s stock valued at $1,393,000 after purchasing an additional 1,571 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Realty Income Company Profile

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.