Realty Income (NYSE:O) Stock Price Up 1.9% – What’s Next?

Realty Income Co. (NYSE:O)’s share price shot up 1.9% on Friday . The stock traded as high as $57.60 and last traded at $57.47. 1,685,252 shares traded hands during trading, a decline of 70% from the average session volume of 5,683,013 shares. The stock had previously closed at $56.38.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wedbush started coverage on Realty Income in a report on Monday, August 19th. They issued a “neutral” rating and a $64.00 price target for the company. Scotiabank lifted their price target on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 17th. Royal Bank of Canada reduced their target price on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $65.00 price target (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $63.85.

Realty Income Stock Up 2.0 %

The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66. The company has a market cap of $50.08 billion, a price-to-earnings ratio of 54.50, a P/E/G ratio of 4.12 and a beta of 0.99. The business has a fifty day moving average price of $62.06 and a two-hundred day moving average price of $57.85.

Realty Income (NYSE:O) last announced 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). Realty Income had a return on equity of 2.38% and a net margin of 17.57%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the business posted $1.02 earnings per share. Realty Income’s revenue was up 28.1% on a year-over-year basis. On average, equities analysts predict that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently disclosed a nov 24 dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a $0.2635 dividend. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, November 1st. Realty Income’s payout ratio is 300.96%.

Insider Activity

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 value of $107,136.96. Following the transaction, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction dated 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 directly owns 26,579 shares in the company, valued at $1,663,313.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the transaction, the director now directly owns 5,257 shares in the company, valued at $319,467.89. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Realty Income

Institutional investors and hedge funds have recently modified their holdings of the company. Strategy Asset Managers LLC increased its position in Realty Income by 22.6% during the 3rd quarter. Strategy Asset Managers LLC now owns 5,489 shares of the real estate investment trust’s stock worth $348,000 after buying an additional 1,012 shares during the period. Segall Bryant & Hamill LLC bought a new stake in shares of Realty Income during the 3rd quarter valued at $843,000. Prospera Private Wealth LLC grew its holdings in shares of Realty Income by 2.3% during the 3rd quarter. Prospera Private Wealth LLC now owns 15,455 shares of the real estate investment trust’s stock worth $980,000 after purchasing an additional 342 shares in the last quarter. New Millennium Group LLC increased its position in shares of Realty Income by 69.2% in the third quarter. New Millennium Group LLC now owns 2,627 shares of the real estate investment trust’s stock worth $167,000 after purchasing an additional 1,074 shares during the period. Finally, West Family Investments Inc. raised its stake in Realty Income by 7.2% in the third quarter. West Family Investments Inc. now owns 4,783 shares of the real estate investment trust’s stock valued at $303,000 after purchasing an additional 321 shares in the last quarter. 70.81% of the stock is owned by 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.