Realty Income (NYSE:O) Shares Down 0.3%

Realty Income Co. (NYSE:O)’s stock price traded down 0.3% during mid-day trading on Thursday . The stock traded as low as $52.30 and last traded at $52.52. 975,376 shares were traded during mid-day trading, a decline of 85% from the average session volume of 6,346,779 shares. The stock had previously closed at $52.68.

Wall Street Analysts Forecast Growth

O has been the subject of several analyst reports. UBS Group cut their price target on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Scotiabank raised 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. KeyCorp began coverage on Realty Income in a research note on Wednesday, June 12th. They issued a “sector weight” rating on the stock. Finally, Mizuho increased their price objective on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $61.35.

Realty Income Trading Up 0.7 %

The company’s fifty day moving average is $53.63 and its 200-day moving average is $54.13. The company has a market capitalization of $45.99 billion, a PE ratio of 48.91, a price-to-earnings-growth ratio of 4.56 and a beta of 0.94. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.87). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the business posted $0.98 EPS. Realty Income’s revenue was up 33.5% compared to the same quarter last year. On average, analysts anticipate that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

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

Insider Activity

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. American National Bank purchased a new stake in Realty Income in the 4th quarter worth $25,000. Vima LLC purchased a new stake in shares of Realty Income during the fourth quarter worth about $25,000. Baystate Wealth Management LLC raised its position in shares of Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 190 shares during the last quarter. WASHINGTON TRUST Co lifted its stake in Realty Income by 65.7% in the 1st quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 197 shares in the last quarter. Finally, CVA Family Office LLC acquired a new stake in Realty Income in the 4th quarter worth about $29,000. Institutional investors and hedge funds 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.