Realty Income (NYSE:O) Hits New 1-Year High – Should You Buy?

Realty Income Corporation (NYSE:O) hit a new 52-week high during trading on Thursday . The stock traded as high as $61.95 and last traded at $61.6090, with a volume of 994837 shares. The stock had previously closed at $61.79.

Wall Street Analysts Forecast Growth

O has been the topic of a number of recent analyst reports. Royal Bank Of Canada raised their price target on shares of Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Cantor Fitzgerald cut their target price on Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Morgan Stanley boosted their price target on Realty Income from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, December 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Realty Income in a research report on Monday, December 29th. Finally, Wall Street Zen cut Realty Income from a “hold” rating to a “sell” rating in a report on Sunday, January 18th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.71.

Realty Income Stock Down 0.2%

The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.72. The company’s fifty day simple moving average is $57.88 and its 200 day simple moving average is $58.24. The firm has a market capitalization of $55.88 billion, a PE ratio of 56.24, a price-to-earnings-growth ratio of 3.91 and a beta of 0.80.

Realty Income (NYSE:O) last posted 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 firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the business earned $1.05 EPS. The business’s revenue for the quarter 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 anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 30th will be issued a dividend of $0.27 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Friday, January 30th. Realty Income’s payout ratio is 300.00%.

Institutional Investors Weigh In On Realty Income

Several hedge funds have recently bought and sold shares of O. Stance Capital LLC purchased a new position in shares of Realty Income during the third quarter valued at approximately $27,000. Heartwood Wealth Advisors LLC purchased a new position in Realty Income during the third quarter valued at $29,000. Strengthening Families & Communities LLC raised its stake in 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 valued at $30,000 after buying an additional 422 shares during the last quarter. Avion Wealth boosted its holdings in Realty Income by 142.4% in the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 309 shares in the last quarter. Finally, Ameriflex Group Inc. grew its stake in shares of Realty Income by 68.7% in the third quarter. Ameriflex Group Inc. now owns 528 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 215 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

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.