Realty Income (NYSE:O) Sets New 1-Year High at $63.50

Realty Income Co. (NYSE:O)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $63.50 and last traded at $63.45, with a volume of 948909 shares traded. The stock had previously closed at $63.42.

Analyst Upgrades and Downgrades

O has been the subject of several research analyst reports. Scotiabank lifted 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. Robert W. Baird upped their target price on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Royal Bank of Canada lifted their price objective on Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Stifel Nicolaus raised their target price on shares of Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Finally, Wedbush started coverage on shares of Realty Income in a research note on Monday, August 19th. They set a “neutral” rating and a $64.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $62.80.

Realty Income Price Performance

The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66. The firm’s fifty day moving average price is $60.94 and its 200 day moving average price is $56.15. The firm has a market capitalization of $54.91 billion, a PE ratio of 58.80, a P/E/G ratio of 4.34 and a beta of 0.99.

Realty Income (NYSE:O) last posted its 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). Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the business earned $1.00 earnings per share. The firm’s revenue was up 31.4% on a year-over-year basis. As a group, equities analysts forecast that Realty Income Co. will post 4.2 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. Investors of record on Tuesday, October 1st will be paid a $0.2635 dividend. The ex-dividend date is Tuesday, October 1st. This represents a yield of 5%. This is a boost from Realty Income’s previous oct 24 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is currently 292.59%.

Insider Activity at Realty Income

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Vima LLC purchased a new stake in shares of Realty Income in the 4th quarter valued at approximately $25,000. Pacifica Partners Inc. lifted its stake in Realty Income by 444.4% during the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 400 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of Realty Income during the first quarter worth $27,000. Bell Investment Advisors Inc grew its stake in shares of Realty Income by 69.6% in the first quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 217 shares in the last quarter. Finally, Able Wealth Management LLC purchased a new stake in shares of Realty Income in the 4th quarter valued at $32,000. 70.81% of the stock is currently 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.