Realty Income (NYSE:O) Stock Price Up 0.7% – Here’s Why

Realty Income Co. (NYSE:O)’s stock price traded up 0.7% on Monday . The company traded as high as $56.39 and last traded at $56.22. 1,056,251 shares were traded during trading, a decline of 79% from the average session volume of 4,979,962 shares. The stock had previously closed at $55.80.

Analysts Set New Price Targets

A number of research firms have issued reports on O. Royal Bank of Canada decreased their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Mizuho reduced their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Barclays increased their price objective on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. Scotiabank cut their price target on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Finally, BNP Paribas downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a research report on Tuesday, February 25th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $62.04.

Realty Income Trading Down 1.1 %

The firm’s 50 day moving average price is $55.65 and its 200-day moving average price is $57.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $49.60 billion, a P/E ratio of 52.99, a P/E/G ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last issued its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS 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. As a group, equities research analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a $0.2685 dividend. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a yield of 5.7%. Realty Income’s payout ratio is 328.57%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in O. Raymond James Financial Inc. purchased a new stake in Realty Income during the 4th quarter valued at $553,572,000. Trust Co. of Vermont boosted its holdings in shares of Realty Income by 12.7% in the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock worth $13,540,000 after buying an additional 28,480 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Realty Income by 27.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust’s stock valued at $40,656,000 after buying an additional 166,178 shares during the period. Asset Management One Co. Ltd. increased its holdings in Realty Income by 6.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust’s stock valued at $93,850,000 after buying an additional 101,184 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Realty Income by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock worth $138,937,000 after purchasing an additional 74,185 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other 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.