Realty Income (NYSE:O) Shares Up 0.4%

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

Analysts Set New Price Targets

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

Realty Income Price Performance

The company has a market cap of $45.67 billion, a price-to-earnings ratio of 48.56, a price-to-earnings-growth ratio of 4.56 and a beta of 0.96. The company has a fifty day simple moving average of $53.54 and a two-hundred day simple moving average of $54.01. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.15 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. Realty Income’s revenue was up 33.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 earnings per share. On average, equities research analysts anticipate that Realty Income Co. will post 4.2 earnings per share 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. Investors of record on Monday, July 1st will be given a dividend of $0.263 per share. This is an increase from Realty Income’s previous jul 24 dividend of $0.26. This represents a dividend yield of 6%. The ex-dividend date of this dividend is Monday, July 1st. Realty Income’s payout ratio is currently 292.59%.

Insider Buying and Selling at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated 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 approximately $339,317.11. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is owned by insiders.

Institutional Trading of Realty Income

A number of hedge funds have recently bought and sold shares of the company. SVB Wealth LLC grew its holdings in Realty Income by 53.8% in the 4th quarter. SVB Wealth LLC now owns 7,656 shares of the real estate investment trust’s stock valued at $440,000 after buying an additional 2,677 shares during the period. CWA Asset Management Group LLC acquired a new position in Realty Income during the fourth quarter worth approximately $379,000. Dynamic Advisor Solutions LLC raised its stake in Realty Income by 82.5% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 11,570 shares of the real estate investment trust’s stock worth $670,000 after purchasing an additional 5,231 shares during the period. Public Employees Retirement System of Ohio raised its stake in Realty Income by 4.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,343,159 shares of the real estate investment trust’s stock worth $77,124,000 after purchasing an additional 51,574 shares during the period. Finally, LexAurum Advisors LLC acquired a new position in shares of Realty Income in the 4th quarter valued at $203,000. Institutional investors and hedge funds 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.