Realty Income (NYSE:O) Trading Up 1.5% – Time to Buy?

Shares of Realty Income Co. (NYSE:O) were up 1.5% during trading on Monday . The company traded as high as $60.05 and last traded at $59.74. Approximately 1,158,806 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 5,651,452 shares. The stock had previously closed at $58.88.

Analyst Upgrades and Downgrades

A number of analysts have commented on O shares. Stifel Nicolaus increased their price objective on shares of Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a report on Wednesday, August 28th. UBS Group raised their price target on shares of Realty Income from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Wells Fargo & Company restated an “equal weight” rating and set a $65.00 price target (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Scotiabank raised their price target on shares of Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 17th. Finally, Royal Bank of Canada lifted their target price on shares of Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $63.94.

Realty Income Trading Up 0.9 %

The stock has a market cap of $51.73 billion, a PE ratio of 55.31, a P/E/G ratio of 4.13 and a beta of 0.99. The business’s fifty day moving average is $62.28 and its 200 day moving average is $57.77. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a net margin of 17.89% and a return on equity of 2.36%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the company earned $1.00 EPS. The firm’s revenue for the quarter was up 31.4% on a year-over-year basis. As a group, analysts predict that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently declared a nov 24 dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.2635 dividend. This represents a dividend yield of 5.1%. The ex-dividend date is Friday, November 1st. Realty Income’s dividend payout ratio (DPR) is presently 292.59%.

Insider Activity at Realty Income

In other news, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the sale, the director now owns 26,579 shares of the company’s stock, valued at $1,663,313.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the sale, the director now directly owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction of $303,850.00. Following the transaction, the director now owns 5,257 shares in the company, valued at $319,467.89. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Institutional Trading of Realty Income

Large investors have recently modified their holdings of the company. Pacifica Partners Inc. increased 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 worth $26,000 after acquiring an additional 400 shares during the period. Rosenberg Matthew Hamilton raised its holdings in shares of Realty Income by 75.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 211 shares in the last quarter. Creative Capital Management Investments LLC raised its holdings in shares of Realty Income by 133.3% in the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 300 shares in the last quarter. Bell Investment Advisors Inc raised its holdings in shares of Realty Income by 69.6% in the 1st quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 217 shares in the last quarter. Finally, MFA Wealth Advisors LLC bought a new stake in shares of Realty Income in the 2nd quarter worth approximately $33,000. 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.