Realty Income (NYSE:O) Shares Up 1.3% Following Analyst Upgrade

Realty Income Corporation (NYSE:O) shot up 1.3% on Tuesday after Robert W. Baird raised their price target on the stock from $64.00 to $65.00. Robert W. Baird currently has a neutral rating on the stock. Realty Income traded as high as $64.74 and last traded at $63.9980. Approximately 5,322,586 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 6,253,634 shares. The stock had previously closed at $63.19.

Several other analysts have also recently commented on O. Barclays upped their target price on shares of Realty Income from $65.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Realty Income in a research report on Friday, April 10th. Morgan Stanley set a $67.00 price objective on Realty Income in a research note on Monday, April 27th. Stifel Nicolaus set a $70.75 price objective on Realty Income in a report on Tuesday, June 30th. Finally, Scotiabank cut their target price on Realty Income from $72.00 to $67.00 and set a “sector outperform” rating on the stock in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $66.65.

Hedge Funds Weigh In On Realty Income

Several institutional investors have recently modified their holdings of O. Stance Capital LLC bought a new position in Realty Income in the third quarter valued at approximately $27,000. EFG International AG bought a new stake in shares of Realty Income during the fourth quarter worth $26,000. Evolution Wealth Management Inc. raised its holdings in shares of Realty Income by 257.1% during the fourth quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 360 shares during the period. Quattro Advisors LLC bought a new stake in Realty Income in the 4th quarter valued at $29,000. Finally, Ameriflex Group Inc. boosted its stake in Realty Income by 68.7% in the 3rd quarter. Ameriflex Group Inc. now owns 528 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 215 shares during the period. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

The stock’s 50 day moving average is $62.00 and its two-hundred day moving average is $61.94. The stock has a market capitalization of $59.68 billion, a price-to-earnings ratio of 52.46, a price-to-earnings-growth ratio of 4.98 and a beta of 0.72. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.03. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.Realty Income’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.06 earnings per share. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Analysts expect that Realty Income Corporation will post 4.45 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.271 dividend. This is an increase from Realty Income’s previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Realty Income’s dividend payout ratio (DPR) is presently 266.39%.

Realty Income Company Profile

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.