Realty Income (NYSE:O) Trading Up 1% – Should You Buy?

Realty Income Co. (NYSE:O) was up 1% on Monday . The company traded as high as $57.35 and last traded at $57.28. Approximately 859,598 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 5,226,171 shares. The stock had previously closed at $56.69.

Analyst Ratings Changes

A number of equities analysts recently weighed in on O shares. 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 price objective for the company. Mizuho decreased their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Scotiabank decreased their target price on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Barclays boosted their target price on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada decreased their target price on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Realty Income has a consensus rating of “Hold” and an average target price of $62.04.

Realty Income Stock Performance

The business’s 50-day moving average price is $55.11 and its 200-day moving average price is $57.66. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market cap of $50.95 billion, a P/E ratio of 54.44, a P/E/G ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. As a group, sell-side analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Lee Danner & Bass Inc. bought a new position in shares of Realty Income during the 4th quarter valued at about $28,000. Hopwood Financial Services Inc. bought a new position in shares of Realty Income during the 4th quarter valued at about $29,000. Sierra Ocean LLC bought a new position in shares of Realty Income during the 4th quarter valued at about $32,000. Millstone Evans Group LLC bought a new position in shares of Realty Income during the 4th quarter valued at about $34,000. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Realty Income during the 4th quarter valued at about $34,000. 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.