Realty Income (NYSE:O) Shares Up 0.4% After Analyst Upgrade

Shares of Realty Income Co. (NYSE:O) were up 0.4% on Friday after Mizuho raised their price target on the stock from $56.00 to $59.00. Mizuho currently has a buy rating on the stock. Realty Income traded as high as $55.06 and last traded at $54.87. Approximately 782,722 shares changed hands during trading, a decline of 88% from the average daily volume of 6,762,349 shares. The stock had previously closed at $54.63.

A number of other research firms also recently weighed in on O. Royal Bank of Canada raised their target price on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, January 11th. StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Stifel Nicolaus reduced 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. Finally, BMO Capital Markets started coverage on Realty Income in a research note on Tuesday, February 13th. They set a “market perform” rating and a $57.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $61.21.

Insiders Place Their Bets

In other news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction on Tuesday, April 9th. The shares were 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 directly owns 6,257 shares in the company, valued at $339,317.11. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp boosted its stake in Realty Income by 5.2% in the 3rd quarter. Mackenzie Financial Corp now owns 77,109 shares of the real estate investment trust’s stock worth $3,770,000 after purchasing an additional 3,807 shares during the period. Graypoint LLC lifted its holdings in Realty Income by 11.7% during the third quarter. Graypoint LLC now owns 4,749 shares of the real estate investment trust’s stock valued at $237,000 after purchasing an additional 497 shares in the last quarter. Gratus Capital LLC purchased a new stake in shares of Realty Income in the third quarter worth $212,000. Oregon Public Employees Retirement Fund lifted its position in shares of Realty Income by 4.6% in the third quarter. Oregon Public Employees Retirement Fund now owns 54,818 shares of the real estate investment trust’s stock valued at $2,738,000 after acquiring an additional 2,400 shares in the last quarter. Finally, TIAA Trust National Association bought a new position in Realty Income in the 3rd quarter worth approximately $396,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Up 0.5 %

The company has a market capitalization of $47.26 billion, a PE ratio of 50.81, a PEG ratio of 5.73 and a beta of 0.92. The company’s 50 day moving average is $52.99 and its two-hundred day moving average is $53.74. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64.

Realty Income (NYSE:O) last announced its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.87). The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The firm’s quarterly revenue was up 33.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. On average, analysts anticipate that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.257 per share. This represents a yield of 5.9%. The ex-dividend date is Tuesday, April 30th. Realty Income’s payout ratio is currently 285.19%.

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.