Realty Income (NYSE:O) Trading 2.2% Higher – What’s Next?

Realty Income Co. (NYSE:O) shares traded up 2.2% during mid-day trading on Monday . The stock traded as high as $57.92 and last traded at $57.88. 1,611,033 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 5,120,879 shares. The stock had previously closed at $56.61.

Analyst Upgrades and Downgrades

O has been the topic of a number of recent analyst reports. BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research report on Tuesday, February 25th. Scotiabank cut their price objective on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Royal Bank of Canada reduced their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price on the stock. Finally, Barclays upped their price target on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $62.04.

Realty Income Stock Up 2.1 %

The stock’s fifty day moving average is $55.79 and its 200 day moving average is $57.24. The company has a market capitalization of $51.54 billion, a P/E ratio of 55.03, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last posted its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Research analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a $0.2685 dividend. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. This represents a dividend yield of 5.7%. The ex-dividend date is Tuesday, April 1st. Realty Income’s payout ratio is currently 328.57%.

Hedge Funds Weigh In On Realty Income

Several large investors have recently modified their holdings of O. Norges Bank purchased a new stake in Realty Income during the 4th quarter valued at $624,666,000. Raymond James Financial Inc. bought a new stake in shares of Realty Income during the 4th quarter valued at about $553,572,000. Northern Trust Corp increased its position in shares of Realty Income by 41.2% during the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust’s stock valued at $701,792,000 after purchasing an additional 3,834,403 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Realty Income by 3,150.5% in the third quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust’s stock worth $175,142,000 after buying an additional 2,675,266 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in Realty Income by 26.7% in the fourth quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust’s stock worth $205,628,000 after acquiring an additional 811,037 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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.