Realty Income (NYSE:O) Shares Up 0.4%

Realty Income Co. (NYSE:O) shares rose 0.4% on Monday . The stock traded as high as $63.05 and last traded at $62.98. Approximately 716,972 shares were traded during trading, a decline of 88% from the average daily volume of 5,819,732 shares. The stock had previously closed at $62.73.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on O. Wells Fargo & Company increased 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 report on Monday, August 26th. JPMorgan Chase & Co. raised their target price on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Wedbush began coverage on Realty Income in a research report on Monday, August 19th. They issued a “neutral” rating and a $64.00 price target for the company. UBS Group boosted their price objective on Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, Stifel Nicolaus boosted their target price on shares of Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a report on Wednesday, August 28th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $62.59.

Realty Income Trading Up 0.8 %

The company’s fifty day moving average is $60.83 and its two-hundred day moving average is $56.06. The stock has a market cap of $55.07 billion, a price-to-earnings ratio of 58.31, a PEG ratio of 4.34 and a beta of 0.99. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66.

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 analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the company earned $1.00 EPS. The firm’s revenue for the quarter was up 31.4% on a year-over-year basis. On average, research analysts predict that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

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

Insider Transactions at Realty Income

In other news, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was 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 owns 26,579 shares in the company, valued at $1,663,313.82. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction 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 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. Company insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Realty Income

Several hedge funds have recently modified their holdings of the stock. Founders Financial Securities LLC increased its holdings in Realty Income by 0.9% during the 2nd quarter. Founders Financial Securities LLC now owns 21,210 shares of the real estate investment trust’s stock worth $1,120,000 after purchasing an additional 181 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in Realty Income by 0.6% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 35,285 shares of the real estate investment trust’s stock valued at $1,864,000 after buying an additional 199 shares in the last quarter. Optimum Investment Advisors raised its position in shares of Realty Income by 11.1% during the 2nd quarter. Optimum Investment Advisors now owns 2,000 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 200 shares in the last quarter. MeadowBrook Investment Advisors LLC lifted its position in Realty Income by 3.4% in the second quarter. MeadowBrook Investment Advisors LLC now owns 6,092 shares of the real estate investment trust’s stock worth $322,000 after purchasing an additional 200 shares during the period. Finally, First Affirmative Financial Network raised its position in Realty Income by 2.1% in the first quarter. First Affirmative Financial Network now owns 9,828 shares of the real estate investment trust’s stock worth $532,000 after acquiring an additional 201 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other 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.