Realty Income (NYSE:O) Trading 0.6% Higher – Here’s What Happened

Realty Income Co. (NYSE:O) shares were up 0.6% during trading on Friday . The stock traded as high as $56.40 and last traded at $56.38. Approximately 1,198,563 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 5,658,171 shares. The stock had previously closed at $56.07.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wedbush assumed coverage on Realty Income in a report on Monday, August 19th. They set a “neutral” rating and a $64.00 target price on the stock. Mizuho lowered Realty Income from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $64.00 to $60.00 in a research report on Thursday. JPMorgan Chase & Co. upped their target price on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Stifel Nicolaus lowered their price target on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $65.00 price objective (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $63.85.

Realty Income Stock Up 0.8 %

The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $49.48 billion, a PE ratio of 53.84, a PEG ratio of 4.00 and a beta of 0.99. The company has a 50 day moving average price of $61.31 and a two-hundred day moving average price of $57.98.

Realty Income (NYSE:O) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the company posted $1.02 EPS. Realty Income’s revenue was up 28.1% on a year-over-year basis. Analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be given a $0.2635 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date of this dividend is Monday, December 2nd. This is an increase from Realty Income’s previous monthly dividend of $0.24. Realty Income’s payout ratio is 300.96%.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the sale, the director now directly owns 5,257 shares in the company, valued at $319,467.89. The trade was a 48.75 % decrease in their position. The transaction 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 stock was 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 owns 26,579 shares in the company, valued at $1,663,313.82. This trade represents a 6.05 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in O. Blair William & Co. IL boosted its position in shares of Realty Income by 15.3% during the first quarter. Blair William & Co. IL now owns 17,514 shares of the real estate investment trust’s stock worth $947,000 after acquiring an additional 2,321 shares during the last quarter. Orion Portfolio Solutions LLC boosted its holdings in shares of Realty Income by 15.8% during the 1st quarter. Orion Portfolio Solutions LLC now owns 16,300 shares of the real estate investment trust’s stock valued at $882,000 after purchasing an additional 2,220 shares during the last quarter. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Realty Income during the first quarter valued at about $230,000. M&G Plc bought a new stake in shares of Realty Income in the first quarter worth about $286,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Realty Income by 8.6% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 432,111 shares of the real estate investment trust’s stock worth $23,375,000 after buying an additional 34,040 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

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.