Realty Income (NYSE:O) Trading Up 0.8% – Time to Buy?

Realty Income Co. (NYSE:O) shares shot up 0.8% on Tuesday . The stock traded as high as $56.87 and last traded at $56.74. 1,143,182 shares traded hands during trading, a decline of 78% from the average session volume of 5,275,162 shares. The stock had previously closed at $56.27.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Mizuho raised their price target on shares of Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday, April 3rd. Royal Bank of Canada reduced their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research note on Tuesday, February 25th. Stifel Nicolaus dropped their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, Scotiabank lowered 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. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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 fifty day moving average price of $56.03 and a 200-day moving average price of $56.63. The firm has a market cap of $51.08 billion, a price-to-earnings ratio of 54.55, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79.

Realty Income (NYSE:O) last issued its quarterly earnings results 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). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. On average, analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

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

Institutional Trading of Realty Income

A number of institutional investors have recently added to or reduced their stakes in O. Lee Danner & Bass Inc. acquired a new stake in shares of Realty Income in the 4th quarter worth approximately $28,000. Hopwood Financial Services Inc. acquired a new stake in Realty Income in the fourth quarter valued at $29,000. Sierra Ocean LLC purchased a new position in shares of Realty Income in the fourth quarter valued at $32,000. Millstone Evans Group LLC acquired a new position in shares of Realty Income during the 4th quarter worth $34,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in Realty Income in the 4th quarter valued at about $34,000. Hedge funds and other 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.