Realty Income (NYSE:O) Trading 1.1% Higher

Shares of Realty Income Co. (NYSE:O) shot up 1.1% during trading on Thursday . The stock traded as high as $54.20 and last traded at $54.09. 1,017,857 shares were traded during trading, a decline of 86% from the average session volume of 7,194,606 shares. The stock had previously closed at $53.51.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on O. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Royal Bank of Canada increased their target price on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, January 11th. Mizuho decreased their price objective on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Wolfe Research upgraded Realty Income from a “peer perform” rating to an “outperform” rating and set a $66.00 target price on the stock in a report on Wednesday, December 6th. Finally, Stifel Nicolaus decreased their price objective on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $60.96.

Realty Income Trading Up 0.6 %

The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market capitalization of $46.59 billion, a P/E ratio of 42.93, a price-to-earnings-growth ratio of 5.46 and a beta of 0.92. The business has a 50 day simple moving average of $53.22 and a 200-day simple moving average of $53.32.

Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.72). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm earned $1.00 earnings per share. The company’s quarterly revenue was up 21.1% compared to the same quarter last year. On average, analysts predict that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Increases Dividend

The business also recently announced a mar 24 dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be given a $0.257 dividend. This represents a dividend yield of 6%. This is a boost from Realty Income’s previous mar 24 dividend of $0.26. The ex-dividend date of this dividend is Friday, March 29th. Realty Income’s dividend payout ratio (DPR) is currently 244.45%.

Hedge Funds Weigh In On Realty Income

Hedge funds have recently modified their holdings of the stock. CGC Financial Services LLC purchased a new stake in shares of Realty Income during the 2nd quarter valued at about $25,000. American National Bank bought a new stake in shares of Realty Income during the fourth quarter worth $25,000. Vima LLC acquired a new stake in shares of Realty Income during the 4th quarter worth about $25,000. Compass Wealth Management LLC acquired a new stake in Realty Income during the 4th quarter worth approximately $25,000. Finally, Manchester Capital Management LLC increased its stake in Realty Income by 423.0% during the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 423 shares in the last quarter. 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.