Realty Income (NYSE:O) Trading 0.9% Higher

Realty Income Co. (NYSE:O)’s stock price was up 0.9% on Tuesday . The stock traded as high as $62.89 and last traded at $62.89. 680,464 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 5,843,351 shares. The stock had previously closed at $62.32.

Wall Street Analysts Forecast Growth

O has been the subject of several research analyst reports. Robert W. Baird lifted their target price on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. UBS Group raised their target price on shares of Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Scotiabank upped their price target on shares of Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 17th. Stifel Nicolaus raised their price objective on shares of Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Finally, Royal Bank of Canada upped their price target on shares of Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.59.

Realty Income Price Performance

The firm’s 50 day moving average price is $60.40 and its two-hundred day moving average price is $55.79. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market cap of $54.59 billion, a PE ratio of 58.23, a P/E/G ratio of 4.65 and a beta of 0.99.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The business had revenue of $1.34 billion during 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 3.27%. The firm’s quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.00 earnings per share. On average, research analysts expect that Realty Income Co. will post 3.93 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently declared a oct 24 dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.2635 per share. The ex-dividend date is Tuesday, October 1st. This is a boost from Realty Income’s previous oct 24 dividend of $0.26. This represents a dividend yield of 5%. Realty Income’s dividend payout ratio is currently 292.59%.

Insider Buying and Selling

In related news, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction 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 sale, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was 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 owns 5,257 shares in the company, valued at $319,467.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the sale, the director now owns 26,579 shares of the company’s stock, valued at $1,663,313.82. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Realty Income

Institutional investors have recently made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Realty Income by 117.4% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 630,500 shares of the real estate investment trust’s stock worth $33,303,000 after buying an additional 340,500 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lifted its position in shares of Realty Income by 6.8% in the second quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group now owns 24,570 shares of the real estate investment trust’s stock valued at $1,298,000 after acquiring an additional 1,568 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Realty Income in the second quarter worth about $8,200,000. Cetera Investment Advisers grew its position in shares of Realty Income by 2.4% during the second quarter. Cetera Investment Advisers now owns 974,442 shares of the real estate investment trust’s stock worth $51,470,000 after purchasing an additional 23,107 shares in the last quarter. Finally, Pathway Financial Advisers LLC lifted its holdings in Realty Income by 1.5% in the 2nd quarter. Pathway Financial Advisers LLC now owns 84,882 shares of the real estate investment trust’s stock worth $4,475,000 after purchasing an additional 1,291 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

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.