Realty Income (NYSE:O) Stock Price Up 0.5% – Here’s Why

Realty Income Co. (NYSE:O)’s share price rose 0.5% during trading on Wednesday . The stock traded as high as $57.59 and last traded at $57.32. Approximately 762,295 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 5,667,140 shares. The stock had previously closed at $57.02.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on O shares. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $65.00 target price (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Scotiabank lifted their price objective on Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 17th. Wedbush assumed coverage on Realty Income in a research report on Monday, August 19th. They issued a “neutral” rating and a $64.00 price objective on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 price target on shares of Realty Income in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. lifted their target price on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $63.85.

Realty Income Price Performance

The stock’s 50-day moving average price is $61.56 and its 200 day moving average price is $57.98. 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 firm has a market cap of $49.07 billion, a price-to-earnings ratio of 53.40, a price-to-earnings-growth ratio of 4.00 and a beta of 0.99.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.75). The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business’s revenue was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.02 earnings per share. Equities research analysts predict that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a $0.2635 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.64%. This is an increase from Realty Income’s previous monthly dividend of $0.24. The ex-dividend date is Monday, December 2nd. Realty Income’s dividend payout ratio (DPR) is currently 300.96%.

Insider Buying and Selling

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the sale, the director now owns 5,257 shares of the company’s stock, valued at $319,467.89. The trade was a 48.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 26,579 shares of the company’s stock, valued at $1,663,313.82. The trade was a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Realty Income

A number of hedge funds have recently bought and sold shares of the company. Empowered Funds LLC grew its position in Realty Income by 48.4% in the 1st quarter. Empowered Funds LLC now owns 11,233 shares of the real estate investment trust’s stock worth $608,000 after purchasing an additional 3,663 shares in the last quarter. Blair William & Co. IL grew its stake in Realty Income by 15.3% in the 1st quarter. Blair William & Co. IL now owns 17,514 shares of the real estate investment trust’s stock worth $947,000 after buying an additional 2,321 shares in the last quarter. Orion Portfolio Solutions LLC raised its position in shares of Realty Income by 15.8% during the 1st quarter. Orion Portfolio Solutions LLC now owns 16,300 shares of the real estate investment trust’s stock valued at $882,000 after buying an additional 2,220 shares in the last quarter. Dorsey & Whitney Trust CO LLC bought a new stake in shares of Realty Income during the 1st quarter worth $230,000. Finally, Nwam LLC increased its stake in Realty Income by 9.4% in the first quarter. Nwam LLC now owns 18,529 shares of the real estate investment trust’s stock valued at $1,018,000 after acquiring an additional 1,587 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

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.