Realty Income (NYSE:O) Trading Up 1.1%

Shares of Realty Income Co. (NYSE:O) were up 1.1% during trading on Friday . The company traded as high as $63.27 and last traded at $63.19. Approximately 642,540 shares traded hands during trading, a decline of 89% from the average daily volume of 5,827,436 shares. The stock had previously closed at $62.48.

Analyst Ratings Changes

O has been the subject of several research reports. Stifel Nicolaus increased their price target on shares of Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Wells Fargo & Company raised their target price on shares of Realty Income from $57.00 to $62.00 and gave the company an “equal weight” rating in a research note on Monday, August 26th. Royal Bank of Canada boosted their price target on Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. KeyCorp initiated coverage on Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating for the company. Finally, Robert W. Baird boosted their target price on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $62.59.

Realty Income Stock Up 0.9 %

The company’s 50 day moving average price is $60.72 and its two-hundred day moving average price is $55.95. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66. The stock has a market cap of $54.89 billion, a P/E ratio of 58.51, a PEG ratio of 4.34 and a beta of 0.99.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a net margin of 17.89% and a return on equity of 3.27%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the firm earned $1.00 EPS. The company’s revenue was up 31.4% on a year-over-year basis. Equities analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently disclosed a oct 24 dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be paid a dividend of $0.2635 per share. The ex-dividend date is Tuesday, October 1st. This is an increase from Realty Income’s previous oct 24 dividend of $0.26. This represents a dividend yield of 5%. Realty Income’s payout ratio is 292.59%.

Insider Buying and Selling

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

Institutional Investors Weigh In On Realty Income

Several institutional investors and hedge funds have recently modified their holdings of O. Vima LLC bought a new stake in shares of Realty Income in the fourth quarter worth about $25,000. Pacifica Partners Inc. grew its holdings in Realty Income by 444.4% during the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 400 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in Realty Income during the 1st quarter valued at approximately $27,000. Bell Investment Advisors Inc grew its holdings in Realty Income by 69.6% during the 1st quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 217 shares in the last quarter. Finally, Able Wealth Management LLC purchased a new position in Realty Income during the 4th quarter valued at approximately $32,000. Institutional investors own 70.81% of the company’s stock.

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.