Realty Income (NYSE:O) Shares Down 0.2%

Realty Income Co. (NYSE:OGet Free Report) shares traded down 0.2% during trading on Friday . The stock traded as low as $52.78 and last traded at $52.93. 1,862,273 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 6,308,108 shares. The stock had previously closed at $53.01.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. UBS Group decreased their target price on Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Scotiabank lifted their target price on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. KeyCorp assumed coverage on Realty Income in a research report on Wednesday, June 12th. They issued a “sector weight” rating for the company. Finally, Mizuho lifted their target price on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $61.35.

Read Our Latest Stock Analysis on Realty Income

Realty Income Stock Down 0.0 %

The firm has a 50 day simple moving average of $53.49 and a two-hundred day simple moving average of $54.20. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a market cap of $46.14 billion, a P/E ratio of 48.94, a P/E/G ratio of 4.62 and a beta of 0.94.

Realty Income (NYSE:OGet Free Report) last announced its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.87). The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.15 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The firm’s revenue was up 33.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. Equities research analysts predict that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently announced a jul 24 dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be paid a dividend of $0.263 per share. The ex-dividend date is Monday, July 1st. This represents a yield of 6%. This is an increase from Realty Income’s previous jul 24 dividend of $0.26. Realty Income’s payout ratio is presently 291.67%.

Insider Buying and Selling at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the sale, the director now owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by company insiders.

Institutional Trading of Realty Income

A number of hedge funds and other institutional investors have recently modified their holdings of O. QRG Capital Management Inc. acquired a new stake in shares of Realty Income during the third quarter worth $1,198,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Realty Income during the third quarter worth $2,104,000. WINTON GROUP Ltd acquired a new stake in shares of Realty Income during the third quarter worth $211,000. V Square Quantitative Management LLC raised its position in shares of Realty Income by 185.1% during the third quarter. V Square Quantitative Management LLC now owns 5,315 shares of the real estate investment trust’s stock worth $265,000 after purchasing an additional 3,451 shares during the period. Finally, LPL Financial LLC raised its position in shares of Realty Income by 6.1% during the third quarter. LPL Financial LLC now owns 1,307,767 shares of the real estate investment trust’s stock worth $65,310,000 after purchasing an additional 75,476 shares during the period. Institutional investors own 70.81% of the company’s stock.

About Realty Income

(Get Free Report)

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.

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