Realty Income (NYSE:O) Trading Up 0.3% – Still a Buy?

Realty Income Co. (NYSE:O) shot up 0.3% during trading on Wednesday . The stock traded as high as $64.18 and last traded at $63.90. 593,027 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 5,663,392 shares. The stock had previously closed at $63.69.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on O shares. Stifel Nicolaus upped their price target on Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. raised their target price on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Wedbush started coverage on shares of Realty Income in a research note on Monday, August 19th. They set a “neutral” rating and a $64.00 price target for the company. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $65.00 price objective (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Finally, Royal Bank of Canada upped their target price on shares of Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $63.94.

Realty Income Stock Up 0.4 %

The firm has a market capitalization of $55.69 billion, a price-to-earnings ratio of 59.21, a P/E/G ratio of 4.50 and a beta of 0.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a fifty day moving average of $62.17 and a two-hundred day moving average of $57.27.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.07). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.22 billion. Realty Income had a net margin of 17.89% and a return on equity of 2.36%. The company’s quarterly revenue was up 31.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.00 EPS. Sell-side analysts anticipate that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently disclosed a nov 24 dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.2635 dividend. This represents a dividend yield of 5.1%. The ex-dividend date is Friday, November 1st. Realty Income’s dividend payout ratio is 292.59%.

Insider Buying and Selling

In related news, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the transaction, the director now owns 26,579 shares in the company, valued at $1,663,313.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the transaction, the director now owns 5,257 shares in the company, valued at approximately $319,467.89. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the sale, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Realty Income

Large investors have recently modified their holdings of the company. Los Angeles Capital Management LLC grew its holdings in shares of Realty Income by 15.3% during the first quarter. Los Angeles Capital Management LLC now owns 4,221 shares of the real estate investment trust’s stock valued at $228,000 after buying an additional 560 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Realty Income by 10.7% in the first quarter. Park Avenue Securities LLC now owns 17,768 shares of the real estate investment trust’s stock valued at $961,000 after purchasing an additional 1,720 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Realty Income in the first quarter valued at approximately $27,000. Riverview Trust Co purchased a new position in shares of Realty Income during the first quarter valued at approximately $34,000. Finally, Future Financial Wealth Managment LLC bought a new stake in Realty Income during the first quarter worth $81,000. 70.81% of the stock is currently owned by institutional investors.

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.