Realty Income (NYSE:O) Trading 0.4% Higher

Realty Income Co. (NYSE:O) shares rose 0.4% during mid-day trading on Wednesday . The company traded as high as $52.83 and last traded at $52.65. Approximately 702,280 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 6,330,468 shares. The stock had previously closed at $52.43.

Wall Street Analyst Weigh In

O has been the subject of a number of recent research reports. Mizuho raised their target price on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Scotiabank raised their price objective on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. KeyCorp assumed coverage on Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating for the company. Finally, UBS Group cut their price objective on Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $61.35.

Realty Income Stock Performance

The firm has a 50-day simple moving average of $53.59 and a two-hundred day simple moving average of $54.03. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. The company has a market capitalization of $45.66 billion, a price-to-earnings ratio of 48.77, a P/E/G ratio of 4.60 and a beta of 0.97.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.87). The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The business’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 EPS. On average, sell-side analysts anticipate that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a jul 24 dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be paid a $0.263 dividend. This represents a dividend yield of 6%. The ex-dividend date is Monday, July 1st. This is a boost from Realty Income’s previous jul 24 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is presently 291.67%.

Insider Activity

In related news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the sale, the director now owns 6,257 shares in the company, valued at $339,317.11. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Realty Income

Institutional investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Realty Income in the third quarter valued at approximately $243,000. O Shaughnessy Asset Management LLC increased its holdings in shares of Realty Income by 11.6% in the third quarter. O Shaughnessy Asset Management LLC now owns 15,124 shares of the real estate investment trust’s stock valued at $755,000 after purchasing an additional 1,569 shares during the period. Lazard Asset Management LLC increased its holdings in shares of Realty Income by 62.9% in the third quarter. Lazard Asset Management LLC now owns 11,739 shares of the real estate investment trust’s stock valued at $586,000 after purchasing an additional 4,534 shares during the period. AQR Capital Management LLC increased its holdings in shares of Realty Income by 51.9% in the third quarter. AQR Capital Management LLC now owns 147,564 shares of the real estate investment trust’s stock valued at $7,369,000 after purchasing an additional 50,419 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of Realty Income by 0.6% in the third quarter. Ameriprise Financial Inc. now owns 3,887,142 shares of the real estate investment trust’s stock valued at $193,203,000 after purchasing an additional 23,172 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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.