Realty Income (NYSE:O) Shares Up 2% – What’s Next?

Shares of Realty Income Co. (NYSE:O) shot up 2% during trading on Monday . The company traded as high as $56.37 and last traded at $56.35. 1,137,491 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 5,277,689 shares. The stock had previously closed at $55.22.

Analyst Ratings Changes

Several analysts have recently weighed in on O shares. Mizuho raised their target price on Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, April 3rd. BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a report on Tuesday, February 25th. Stifel Nicolaus cut their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada decreased their price target on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Finally, Barclays upped their price target on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $62.42.

Realty Income Stock Performance

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 stock has a 50 day simple moving average of $55.96 and a 200 day simple moving average of $56.62. The company has a market capitalization of $50.85 billion, a price-to-earnings ratio of 54.30, a P/E/G ratio of 2.10 and a beta of 0.79.

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

Realty Income Dividend Announcement

The company also recently announced a may 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.2685 per share. This represents a yield of 6%. The ex-dividend date is Thursday, May 1st. Realty Income’s payout ratio is 328.57%.

Institutional Investors Weigh In On Realty Income

A number of hedge funds have recently made changes to their positions in O. Tcfg Wealth Management LLC raised its holdings in Realty Income by 2.9% during the fourth quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust’s stock worth $357,000 after purchasing an additional 186 shares in the last quarter. Romano Brothers AND Company raised its stake in shares of Realty Income by 2.0% in the 4th quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust’s stock worth $544,000 after buying an additional 200 shares in the last quarter. Bay Rivers Group lifted its holdings in shares of Realty Income by 1.0% in the fourth quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust’s stock valued at $1,103,000 after buying an additional 200 shares during the period. Smith Moore & CO. boosted its position in shares of Realty Income by 4.8% during the 4th quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust’s stock valued at $237,000 after purchasing an additional 201 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Realty Income by 11.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 218 shares in 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.