Realty Income (NYSE:O) Shares Up 0.2% on Analyst Upgrade

Realty Income Co. (NYSE:O) traded up 0.2% during trading on Tuesday after Stifel Nicolaus raised their price target on the stock from $65.50 to $68.00. Stifel Nicolaus currently has a buy rating on the stock. Realty Income traded as high as $57.55 and last traded at $57.04. 1,321,138 shares were traded during mid-day trading, a decline of 75% from the average session volume of 5,186,134 shares. The stock had previously closed at $56.94.

Other equities research analysts also recently issued reports about the stock. BNP Paribas downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target for the company. in a research report on Tuesday, February 25th. Mizuho raised their price objective on Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, April 3rd. JPMorgan Chase & Co. decreased their target price on Realty Income from $64.00 to $61.00 and set a “neutral” rating on the stock in a research report on Monday. Scotiabank lowered their target price on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Finally, Barclays reaffirmed an “overweight” rating on shares of Realty Income in a research note on Tuesday, April 22nd. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Realty Income has an average rating of “Hold” and an average price target of $62.00.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of O. Norges Bank acquired a new position in Realty Income in the fourth quarter valued at $624,666,000. Raymond James Financial Inc. purchased a new stake in Realty Income in the 4th quarter valued at about $553,572,000. Northern Trust Corp increased its stake in shares of Realty Income by 41.2% during the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust’s stock valued at $701,792,000 after acquiring an additional 3,834,403 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Realty Income by 26.7% during the 4th quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust’s stock worth $205,628,000 after acquiring an additional 811,037 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Realty Income by 6,002.1% in the first quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust’s stock worth $40,988,000 after acquiring an additional 694,983 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Trading Down 0.2 %

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 market capitalization of $50.69 billion, a PE ratio of 54.13, a P/E/G ratio of 2.10 and a beta of 0.78. The business’s fifty day moving average is $56.60 and its 200-day moving average is $56.09.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 EPS. As a group, analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

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

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.