Realty Income (NYSE:O) Shares Up 0.9% – Here’s Why

Realty Income Co. (NYSE:O)’s stock price shot up 0.9% during trading on Wednesday . The company traded as high as $56.32 and last traded at $56.16. 992,802 shares traded hands during trading, a decline of 80% from the average session volume of 4,975,940 shares. The stock had previously closed at $55.65.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays raised their price target on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Stifel Nicolaus dropped their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada lowered their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective for the company. Finally, Mizuho reduced their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.04.

Realty Income Trading Up 0.8 %

The firm has a market capitalization of $50.47 billion, a price-to-earnings ratio of 53.91, a PEG ratio of 2.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The company has a 50-day moving average price of $55.75 and a 200-day moving average price of $57.36.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. As a group, research analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a $0.2685 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. This represents a yield of 5.7%. Realty Income’s payout ratio is 328.57%.

Institutional Trading of Realty Income

A number of large investors have recently made changes to their positions in O. Cerity Partners LLC grew its position in Realty Income by 60.0% during the 3rd quarter. Cerity Partners LLC now owns 86,934 shares of the real estate investment trust’s stock worth $5,513,000 after purchasing an additional 32,600 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Realty Income by 3.1% during the third quarter. The Manufacturers Life Insurance Company now owns 621,476 shares of the real estate investment trust’s stock worth $39,414,000 after buying an additional 18,804 shares during the last quarter. Avestar Capital LLC increased its position in Realty Income by 4.7% in the 3rd quarter. Avestar Capital LLC now owns 5,192 shares of the real estate investment trust’s stock valued at $329,000 after acquiring an additional 235 shares during the period. Cadence Bank raised its stake in Realty Income by 21.4% during the 3rd quarter. Cadence Bank now owns 6,806 shares of the real estate investment trust’s stock valued at $432,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Townsquare Capital LLC lifted its position in Realty Income by 7.1% during the 3rd quarter. Townsquare Capital LLC now owns 97,284 shares of the real estate investment trust’s stock worth $6,170,000 after acquiring an additional 6,454 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

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.