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

Shares of Realty Income Corporation (NYSE:O) rose 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. 5,322,586 shares were traded during mid-day trading, a decline of 15% from the average session volume of 6,253,634 shares. The stock had previously closed at $63.19.

A number of other equities analysts also recently weighed in on O. Scotiabank lowered their price target on Realty Income from $72.00 to $67.00 and set a “sector outperform” rating on the stock in a research report on Thursday, June 18th. Royal Bank Of Canada lifted their target price on Realty Income from $70.00 to $71.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Mizuho decreased their target price on Realty Income from $68.00 to $66.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Realty Income in a research note on Friday, April 10th. Finally, Jefferies Financial Group began coverage on shares of Realty Income in a research report on Monday, June 1st. They set a “buy” rating and a $69.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $66.65.

Institutional Investors Weigh In On Realty Income

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Realty Income by 12.6% during the 2nd quarter. GAMMA Investing LLC now owns 19,787 shares of the real estate investment trust’s stock worth $1,226,000 after buying an additional 2,209 shares in the last quarter. Crescent Sterling Ltd. raised its stake in Realty Income by 15.1% during the second quarter. Crescent Sterling Ltd. now owns 6,230 shares of the real estate investment trust’s stock worth $386,000 after acquiring an additional 816 shares in the last quarter. Howard Financial Services LTD. bought a new position in shares of Realty Income in the second quarter worth about $231,000. Stonebridge Financial Group LLC boosted its stake in shares of Realty Income by 5.2% in the 2nd quarter. Stonebridge Financial Group LLC now owns 56,195 shares of the real estate investment trust’s stock valued at $3,482,000 after purchasing an additional 2,788 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Realty Income by 123.4% during the 2nd quarter. Versant Capital Management Inc now owns 2,558 shares of the real estate investment trust’s stock valued at $158,000 after purchasing an additional 1,413 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Trading Up 1.3%

The business’s 50 day simple moving average is $62.00 and its two-hundred day simple moving average is $61.94. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. The stock has a market cap of $59.68 billion, a P/E ratio of 52.46, a PEG ratio of 4.98 and a beta of 0.72.

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

Realty Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.271 dividend. This is a positive change from Realty Income’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Realty Income’s payout ratio 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.