Realty Income (NYSE:O) Trading Up 1.7% – Here’s Why

Realty Income Corporation (NYSE:O)’s share price rose 1.7% on Thursday . The stock traded as high as $58.54 and last traded at $58.3020. Approximately 5,691,282 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 7,313,913 shares. The stock had previously closed at $57.35.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Barclays boosted their price objective on shares of Realty Income from $63.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 3rd. Royal Bank Of Canada boosted their price target on Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Wells Fargo & Company upped their price objective on Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. Wall Street Zen downgraded Realty Income from a “hold” rating to a “sell” rating in a research report on Saturday, December 27th. Finally, Evercore ISI started coverage on shares of Realty Income in a research note on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price target for the company. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $62.23.

Realty Income Stock Up 1.7%

The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72. The firm’s 50 day moving average price is $57.08 and its two-hundred day moving average price is $58.02. The company has a market capitalization of $53.63 billion, a price-to-earnings ratio of 53.98, a price-to-earnings-growth ratio of 3.48 and a beta of 0.80.

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

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.27 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Wednesday, December 31st. This is a boost from Realty Income’s previous monthly dividend of $0.27. Realty Income’s payout ratio is presently 300.00%.

Hedge Funds Weigh In On Realty Income

Several large investors have recently modified their holdings of O. Compagnie Lombard Odier SCmA bought a new stake in shares of Realty Income during the 2nd quarter worth about $25,000. Stance Capital LLC bought a new position in shares of Realty Income during the third quarter worth approximately $27,000. Heartwood Wealth Advisors LLC acquired a new stake in Realty Income during the 3rd quarter worth approximately $29,000. Avion Wealth boosted its stake in Realty Income by 142.4% in the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 309 shares during the period. Finally, Strengthening Families & Communities LLC boosted its stake in Realty Income by 586.1% in the 3rd quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 422 shares during the period. 70.81% of the stock is owned by institutional investors.

About Realty Income

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.