Realty Income (NYSE:O) Shares Up 0.5%

Shares of Realty Income Co. (NYSE:O) rose 0.5% during mid-day trading on Friday . The stock traded as high as $52.72 and last traded at $52.72. Approximately 851,153 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 6,298,781 shares. The stock had previously closed at $52.45.

Wall Street Analysts Forecast Growth

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

Realty Income Trading Up 0.7 %

The stock has a market capitalization of $46.01 billion, a price-to-earnings ratio of 48.81, a PEG ratio of 4.56 and a beta of 0.96. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. The business has a 50-day moving average of $53.54 and a 200-day moving average of $54.01.

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

Realty Income Increases Dividend

The firm also recently announced a jul 24 dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be paid a dividend of $0.263 per share. This represents a dividend yield of 6%. This is an increase from Realty Income’s previous jul 24 dividend of $0.26. The ex-dividend date of this dividend is Monday, July 1st. Realty Income’s dividend payout ratio is 292.59%.

Insider Transactions at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the transaction, the director now directly owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Realty Income

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Realty Income by 18.3% during the 1st quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock valued at $7,290,982,000 after buying an additional 20,848,560 shares during the last quarter. Norges Bank acquired a new stake in shares of Realty Income during the fourth quarter worth $506,526,000. Principal Financial Group Inc. boosted its holdings in shares of Realty Income by 107.1% during the fourth quarter. Principal Financial Group Inc. now owns 4,951,020 shares of the real estate investment trust’s stock worth $284,288,000 after purchasing an additional 2,560,597 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of Realty Income by 213.3% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,171,853 shares of the real estate investment trust’s stock worth $124,708,000 after purchasing an additional 1,478,577 shares during the last quarter. Finally, GRS Advisors LLC purchased a new position in shares of Realty Income in the 4th quarter worth $58,843,000. 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.