Realty Income (NYSE:O) Trading 0.4% Higher

Realty Income Co. (NYSE:O)’s stock price was up 0.4% on Friday . The company traded as high as $58.04 and last traded at $57.60. Approximately 819,339 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 6,105,150 shares. The stock had previously closed at $57.36.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on O shares. UBS Group raised their price objective on shares of Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Mizuho increased their price objective on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Scotiabank boosted their target price 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. Finally, KeyCorp initiated coverage on Realty Income in a report on Wednesday, June 12th. They issued a “sector weight” rating on the stock. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.88.

Realty Income Trading Up 0.7 %

The company’s fifty day simple moving average is $53.89 and its two-hundred day simple moving average is $53.85. The company has a market capitalization of $50.30 billion, a price-to-earnings ratio of 53.33, a price-to-earnings-growth ratio of 4.98 and a beta of 0.96. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65.

Realty Income (NYSE:O) last posted its 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 for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. The business’s revenue was up 33.5% on a year-over-year basis. Research analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently disclosed a aug 24 dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be issued a dividend of $0.263 per share. The ex-dividend date of this dividend is Thursday, August 1st. This represents a dividend yield of 5.7%. Realty Income’s payout ratio is 292.59%.

Institutional Trading of Realty Income

A number of institutional investors have recently modified their holdings of O. American National Bank bought a new position in shares of Realty Income in the 4th quarter valued at about $25,000. Vima LLC bought a new stake in shares of Realty Income during the 4th quarter worth approximately $25,000. Pacifica Partners Inc. boosted its holdings in shares of Realty Income by 444.4% in 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 during the last quarter. WASHINGTON TRUST Co grew its stake in shares of Realty Income by 65.7% in the first 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, Northwest Investment Counselors LLC acquired a new position in Realty Income during the first quarter worth $27,000. 70.81% of the stock is currently owned by 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.