Realty Income (NYSE:O) Trading 1% Higher – What’s Next?

Realty Income Corporation (NYSE:O)’s stock price traded up 1% during mid-day trading on Wednesday . The company traded as high as $58.25 and last traded at $58.0810. 6,552,245 shares were traded during mid-day trading, an increase of 18% from the average session volume of 5,561,385 shares. The stock had previously closed at $57.50.

Analysts Set New Price Targets

O has been the topic of a number of recent research reports. Mizuho raised their price objective on Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Barclays raised their price target on shares of Realty Income from $63.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday. Cantor Fitzgerald reduced their price objective on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. UBS Group raised their target price on shares of Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Finally, Scotiabank upped their price target on Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 28th. Three research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and a consensus price target of $62.23.

Realty Income Price Performance

The stock’s 50 day simple moving average is $58.31 and its 200-day simple moving average is $57.94. The firm has a market cap of $53.74 billion, a price-to-earnings ratio of 54.09, a price-to-earnings-growth ratio of 3.65 and a beta of 0.80. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.53.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the firm posted $1.05 earnings per share. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Equities research analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be issued a $0.2695 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. Realty Income’s dividend payout ratio is currently 299.07%.

Insider Activity at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the sale, the director owned 19,211 shares of the company’s stock, valued at $1,160,920.73. The trade was a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.

Institutional Trading of Realty Income

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norinchukin Bank The increased its holdings in Realty Income by 9.7% in the first quarter. Norinchukin Bank The now owns 84,968 shares of the real estate investment trust’s stock valued at $4,929,000 after buying an additional 7,497 shares in the last quarter. Trust Co. of Vermont boosted its stake in shares of Realty Income by 2.7% during the 2nd quarter. Trust Co. of Vermont now owns 262,700 shares of the real estate investment trust’s stock worth $15,134,000 after acquiring an additional 6,885 shares in the last quarter. Community Bank of Raymore grew its holdings in shares of Realty Income by 19.7% in the 1st quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust’s stock worth $8,636,000 after acquiring an additional 24,467 shares during the period. Venture Visionary Partners LLC increased its stake in Realty Income by 6.2% in the 1st quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust’s stock valued at $8,266,000 after purchasing an additional 8,297 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Realty Income by 0.4% during the first quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust’s stock worth $662,589,000 after purchasing an additional 48,024 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

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.