Realty Income (NYSE:O) Shares Up 0.5% on Analyst Upgrade

Realty Income Co. (NYSE:O) rose 0.5% during trading on Wednesday after UBS Group raised their price target on the stock from $70.00 to $72.00. UBS Group currently has a buy rating on the stock. Realty Income traded as high as $63.93 and last traded at $63.69. Approximately 498,936 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 5,721,431 shares. The stock had previously closed at $63.36.

A number of other analysts have also issued reports on the company. Royal Bank of Canada boosted their price target on Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Wells Fargo & Company restated an “equal weight” rating and set a $65.00 price target (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Robert W. Baird upped their price objective on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Scotiabank raised their target price on shares of Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 17th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 price target on shares of Realty Income in a research report on Tuesday, August 6th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Realty Income currently has an average rating of “Hold” and an average target price of $63.94.

Insider Activity

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the 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 completion of the sale, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director A. Larry Chapman sold 5,000 shares of the firm’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 in the company, valued at $319,467.89. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mary Hogan Preusse sold 1,712 shares of the firm’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 completion of the transaction, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of O. Trust Co. of Vermont grew its holdings in Realty Income by 4.2% during the third quarter. Trust Co. of Vermont now owns 225,023 shares of the real estate investment trust’s stock worth $14,271,000 after acquiring an additional 9,064 shares during the period. Teamwork Financial Advisors LLC acquired a new stake in Realty Income during the third quarter worth about $1,369,000. Global Retirement Partners LLC grew its holdings in Realty Income by 17.1% during the third quarter. Global Retirement Partners LLC now owns 20,688 shares of the real estate investment trust’s stock worth $1,312,000 after acquiring an additional 3,021 shares during the period. ZWJ Investment Counsel Inc. grew its holdings in Realty Income by 0.6% during the third quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust’s stock worth $1,857,000 after acquiring an additional 164 shares during the period. Finally, FLC Capital Advisors grew its holdings in Realty Income by 28.1% during the third quarter. FLC Capital Advisors now owns 5,136 shares of the real estate investment trust’s stock worth $326,000 after acquiring an additional 1,128 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Stock Performance

The stock has a market capitalization of $55.95 billion, a price-to-earnings ratio of 59.49, a price-to-earnings-growth ratio of 4.30 and a beta of 0.99. The firm has a fifty day moving average of $61.87 and a 200 day moving average of $56.92. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39.

Realty Income (NYSE:O) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. Realty Income had a return on equity of 2.36% and a net margin of 17.89%. The firm’s revenue was up 31.4% on a year-over-year basis. During the same period last year, the business earned $1.00 earnings per share. On average, sell-side analysts anticipate that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The firm also recently disclosed a nov 24 dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.2635 dividend. This represents a yield of 5.1%. The ex-dividend date of this dividend is Friday, November 1st. Realty Income’s payout ratio is currently 292.59%.

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.