Realty Income (NYSE:O) Shares Up 0.2%

Realty Income Co. (NYSE:O)’s stock price shot up 0.2% during trading on Wednesday . The company traded as high as $53.59 and last traded at $53.50. 1,237,912 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 6,793,773 shares. The stock had previously closed at $53.39.

Wall Street Analysts Forecast Growth

O has been the subject of a number of recent research reports. Mizuho cut their price objective on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Royal Bank of Canada upped their target price on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, January 11th. Stifel Nicolaus dropped their target price on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Finally, BMO Capital Markets started coverage on shares of Realty Income in a report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 target price for the company. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Realty Income presently has an average rating of “Hold” and an average price target of $60.96.

Realty Income Trading Up 0.5 %

The company’s 50-day moving average price is $52.54 and its 200-day moving average price is $53.45. The firm has a market cap of $46.22 billion, a price-to-earnings ratio of 42.56, a price-to-earnings-growth ratio of 5.53 and a beta of 0.92. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64.

Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.72). The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The firm’s revenue was up 21.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.00 EPS. Equities analysts expect that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Dividend Announcement

The business also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.257 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio is currently 244.44%.

Insider Buying and Selling

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the sale, the director now directly owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of O. Baystate Wealth Management LLC lifted its stake in shares of Realty Income by 62.7% in the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 190 shares during the period. WASHINGTON TRUST Co lifted its stake in shares of Realty Income by 65.7% in the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 197 shares during the period. Essex Financial Services Inc. increased its holdings in Realty Income by 1.5% during the 1st quarter. Essex Financial Services Inc. now owns 13,420 shares of the real estate investment trust’s stock valued at $726,000 after acquiring an additional 199 shares in the last quarter. First Affirmative Financial Network increased its holdings in Realty Income by 2.1% during the 1st quarter. First Affirmative Financial Network now owns 9,828 shares of the real estate investment trust’s stock valued at $532,000 after acquiring an additional 201 shares in the last quarter. Finally, Pinnacle Bancorp Inc. increased its holdings in Realty Income by 5.2% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 4,119 shares of the real estate investment trust’s stock valued at $206,000 after acquiring an additional 202 shares in the last quarter. 70.81% of the stock is 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.