Realty Income (NYSE:O) Trading Up 0.1%

Realty Income Co. (NYSE:O)’s stock price was up 0.1% on Wednesday . The stock traded as high as $53.60 and last traded at $53.10. Approximately 3,597,708 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 4,748,499 shares. The stock had previously closed at $53.07.

Wall Street Analysts Forecast Growth

O has been the subject of several research reports. KeyCorp assumed coverage on shares of Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating for the company. UBS Group lowered their price target on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Scotiabank increased their price target on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. Finally, Mizuho lifted their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a report on Friday, May 10th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $61.35.

Realty Income Price Performance

The firm has a market capitalization of $46.16 billion, a price-to-earnings ratio of 49.08, a PEG ratio of 4.62 and a beta of 0.94. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. The stock’s 50-day moving average price is $53.49 and its 200 day moving average price is $54.20.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the company earned $0.98 earnings per share. Realty Income’s revenue for the quarter was up 33.5% on a year-over-year basis. Equities research analysts expect that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a jul 24 dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be issued a dividend of $0.263 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a dividend yield of 6%. This is an increase from Realty Income’s previous jul 24 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is currently 291.67%.

Insider Activity at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the transaction, the director now owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Lasalle Investment Management Securities LLC grew its position in shares of Realty Income by 10.7% during the first quarter. Lasalle Investment Management Securities LLC now owns 2,251,523 shares of the real estate investment trust’s stock worth $121,807,000 after buying an additional 217,512 shares in the last quarter. OMC Financial Services LTD acquired a new position in Realty Income during the 1st quarter worth approximately $2,172,000. EverSource Wealth Advisors LLC increased its position in shares of Realty Income by 654.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,215 shares of the real estate investment trust’s stock valued at $279,000 after purchasing an additional 4,524 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of Realty Income by 1,798.7% in the 1st quarter. Westwood Holdings Group Inc. now owns 106,102 shares of the real estate investment trust’s stock valued at $5,740,000 after purchasing an additional 100,514 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Realty Income by 3.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 509,300 shares of the real estate investment trust’s stock worth $27,166,000 after purchasing an additional 18,885 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

About Realty Income

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.