Realty Income (NYSE:O) PT Raised to $64.00 at Scotiabank

Realty Income (NYSE:O - Free Report) had its price target upped by Scotiabank from $61.00 to $64.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have a sector perform rating on the real estate investment trust's stock.

Several other research analysts have also recently weighed in on the stock. Morgan Stanley restated an equal weight rating and issued a $62.00 price objective on shares of Realty Income in a research report on Tuesday, August 6th. Wells Fargo & Company upped their target price on Realty Income from $57.00 to $62.00 and gave the stock an equal weight rating in a research note on Monday, August 26th. Robert W. Baird increased their price objective on Realty Income from $57.00 to $58.00 and gave the company a neutral rating in a research note on Tuesday, August 6th. Stifel Nicolaus increased their price objective on Realty Income from $67.50 to $70.25 and gave the company a buy rating in a research note on Wednesday, August 28th. Finally, UBS Group raised their price target on Realty Income from $61.00 to $68.00 and gave the stock a buy rating in a research note on Thursday, July 18th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $62.59.

Realty Income Stock Performance

O traded down $0.18 during trading hours on Tuesday, hitting $62.50. The stock had a trading volume of 3,638,901 shares, compared to its average volume of 5,844,269. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. The stock has a market cap of $54.42 billion, a PE ratio of 58.34, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99. Realty Income has a 1 year low of $45.03 and a 1 year high of $63.39. The company's fifty day simple moving average is $59.68 and its 200 day simple moving average is $55.45.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.07). The company had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.22 billion. Realty Income had a net margin of 17.89% and a return on equity of 3.27%. The firm's quarterly revenue was up 31.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.00 EPS. Equities analysts anticipate that Realty Income will post 3.93 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently declared a oct 24 dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be issued a dividend of $0.2635 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This is an increase from Realty Income's previous oct 24 dividend of $0.26. This represents a dividend yield of 5%. Realty Income's dividend payout ratio (DPR) is presently 292.59%.

Insider Buying and Selling

In related news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the sale, the director now directly owns 5,257 shares in the company, valued at approximately $319,467.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the transaction, the director now directly owns 26,579 shares of the company's stock, valued at approximately $1,663,313.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated Friday, August 23rd. The shares were 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. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group increased its stake in Realty Income by 6.8% in the 2nd quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group now owns 24,570 shares of the real estate investment trust's stock worth $1,298,000 after acquiring an additional 1,568 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Realty Income in the 2nd quarter worth $8,200,000. Cetera Investment Advisers lifted its holdings in shares of Realty Income by 2.4% in the 2nd quarter. Cetera Investment Advisers now owns 974,442 shares of the real estate investment trust's stock worth $51,470,000 after buying an additional 23,107 shares during the period. Pathway Financial Advisers LLC lifted its holdings in shares of Realty Income by 1.5% in the 2nd quarter. Pathway Financial Advisers LLC now owns 84,882 shares of the real estate investment trust's stock worth $4,475,000 after buying an additional 1,291 shares during the period. Finally, EP Wealth Advisors LLC lifted its holdings in shares of Realty Income by 110.0% in the 2nd quarter. EP Wealth Advisors LLC now owns 39,001 shares of the real estate investment trust's stock worth $2,060,000 after buying an additional 20,427 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

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.