Realty Income (NYSE:O) Trading Up 0.5% – Should You Buy?

Realty Income Co. (NYSE:O) rose 0.5% on Friday . The company traded as high as $56.23 and last traded at $56.11. Approximately 1,286,025 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 5,211,100 shares. The stock had previously closed at $55.86.

Wall Street Analyst Weigh In

O has been the topic of a number of research reports. Mizuho lowered their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Barclays raised their price objective on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price for the company. Stifel Nicolaus lowered their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Scotiabank dropped their target price on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $62.04.

Realty Income Price Performance

The company has a market cap of $50.43 billion, a price-to-earnings ratio of 53.89, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a fifty day simple moving average of $55.04 and a two-hundred day simple moving average of $57.76.

Realty Income (NYSE:O) last posted its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.28 billion. On average, equities research analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a $0.2685 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a yield of 5.7%. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s dividend payout ratio is presently 327.55%.

Hedge Funds Weigh In On Realty Income

Several hedge funds have recently bought and sold shares of O. Lee Danner & Bass Inc. acquired a new stake in Realty Income in the 4th quarter worth about $28,000. Hopwood Financial Services Inc. acquired a new position in shares of Realty Income in the 4th quarter valued at about $29,000. Sierra Ocean LLC purchased a new stake in shares of Realty Income during the 4th quarter worth about $32,000. Millstone Evans Group LLC acquired a new stake in Realty Income during the 4th quarter worth approximately $34,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in Realty Income during the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors 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.