Realty Income (NYSE:O) Trading 0.5% Higher – Time to Buy?

Realty Income Co. (NYSE:O) shot up 0.5% during trading on Friday . The company traded as high as $61.90 and last traded at $61.77. 347,060 shares were traded during mid-day trading, a decline of 94% from the average session volume of 5,757,488 shares. The stock had previously closed at $61.47.

Analyst Ratings Changes

A number of research firms have recently commented on O. Stifel Nicolaus upped their price target on shares of Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Robert W. Baird upped their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Morgan Stanley restated an “equal weight” rating and issued a $62.00 price target on shares of Realty Income in a report on Tuesday, August 6th. JPMorgan Chase & Co. upped their price target on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $65.00 price target (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Nine 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.com, Realty Income currently has a consensus rating of “Hold” and an average price target of $63.63.

Realty Income Trading Up 0.5 %

The company has a market capitalization of $53.77 billion, a P/E ratio of 57.18, a PEG ratio of 4.30 and a beta of 0.99. The company’s fifty day simple moving average is $61.67 and its 200-day simple moving average is $56.73. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Realty Income had a net margin of 17.89% and a return on equity of 2.36%. The business’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.00 earnings per share. Research analysts predict that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently declared a nov 24 dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.2635 per share. This represents a dividend yield of 5.1%. The ex-dividend date is Friday, November 1st. Realty Income’s payout ratio is 292.59%.

Insider Buying and Selling at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the transaction, the director now directly owns 26,579 shares of the company’s stock, valued at $1,663,313.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the transaction, the director now directly owns 5,257 shares of the company’s stock, valued at $319,467.89. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the transaction, the director now directly owns 26,579 shares of the company’s stock, valued at $1,663,313.82. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Realty Income

Hedge funds and other institutional investors have recently modified their holdings of the stock. Able Wealth Management LLC purchased a new position in shares of Realty Income during the fourth quarter worth $32,000. V Square Quantitative Management LLC raised its stake in shares of Realty Income by 198.4% during the 4th quarter. V Square Quantitative Management LLC now owns 15,860 shares of the real estate investment trust’s stock valued at $911,000 after buying an additional 10,545 shares during the last quarter. Neo Ivy Capital Management acquired a new position in shares of Realty Income in the 4th quarter valued at about $159,000. Virtu Financial LLC purchased a new stake in shares of Realty Income in the fourth quarter worth about $924,000. Finally, Integrated Advisors Network LLC grew its holdings in Realty Income by 7.0% during the fourth quarter. Integrated Advisors Network LLC now owns 4,827 shares of the real estate investment trust’s stock worth $277,000 after acquiring an additional 315 shares during the period. 70.81% of the stock is owned by hedge funds and other 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.