Realty Income (NYSE:O) Trading 1.7% Higher – Time to Buy?

Realty Income Corporation (NYSE:O) shares shot up 1.7% on Friday . The company traded as high as $57.54 and last traded at $57.31. 6,178,460 shares traded hands during trading, an increase of 1% from the average session volume of 6,127,293 shares. The stock had previously closed at $56.37.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Royal Bank Of Canada upped their target price on shares of Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $61.00 price target on shares of Realty Income in a research report on Thursday, December 18th. Cantor Fitzgerald reduced their target price on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Wall Street Zen lowered shares of Realty Income from a “hold” rating to a “sell” rating in a report on Saturday, December 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Realty Income in a report on Monday. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $62.23.

Realty Income Stock Performance

The stock has a market cap of $52.72 billion, a price-to-earnings ratio of 53.06, a P/E/G ratio of 3.53 and a beta of 0.80. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72. The firm has a fifty day simple moving average of $57.24 and a 200-day simple moving average of $58.02.

Realty Income (NYSE:O) last released its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Analysts forecast that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a $0.27 dividend. This is a boost from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 5.7%. Realty Income’s payout ratio is 300.00%.

Hedge Funds Weigh In On Realty Income

Large investors have recently bought and sold shares of the business. Compagnie Lombard Odier SCmA acquired a new stake in Realty Income during the 2nd quarter worth $25,000. Stance Capital LLC acquired a new position in shares of Realty Income in the 3rd quarter valued at $27,000. Heartwood Wealth Advisors LLC bought a new position in shares of Realty Income in the 3rd quarter worth $29,000. Avion Wealth boosted its position in shares of Realty Income by 142.4% in the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 309 shares during the last quarter. Finally, Strengthening Families & Communities LLC grew its stake in shares of Realty Income by 586.1% during the third quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 422 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

About Realty Income

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.