Realty Income (NYSE:O - Free Report) had its price target cut by Stifel Nicolaus from $70.50 to $70.00 in a research report report published on Tuesday, Benzinga reports. They currently have a buy rating on the real estate investment trust's stock.
A number of other equities analysts have also issued reports on O. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $65.00 price target (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Scotiabank raised their price objective 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. Morgan Stanley reaffirmed an "equal weight" rating and issued a $62.00 target price on shares of Realty Income in a research report on Tuesday, August 6th. Royal Bank of Canada boosted their price objective on Realty Income from $58.00 to $64.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 7th. Finally, Wedbush began coverage on Realty Income in a research report on Monday, August 19th. They set a "neutral" rating and a $64.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $63.92.
Check Out Our Latest Stock Analysis on O
Realty Income Price Performance
O traded down $0.47 during trading on Tuesday, reaching $58.82. 5,484,222 shares of the stock were exchanged, compared to its average volume of 5,667,179. The company has a market capitalization of $51.22 billion, a price-to-earnings ratio of 53.91, a P/E/G ratio of 4.09 and a beta of 0.99. The business's 50 day moving average price is $62.23 and its two-hundred day moving average price is $57.82. Realty Income has a 1 year low of $49.52 and a 1 year high of $64.88. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39.
Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a return on equity of 2.36% and a net margin of 17.89%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the company earned $1.02 earnings per share. The business's revenue was up 28.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Realty Income will post 4.2 earnings per share for the current year.
Realty Income Dividend Announcement
The company also recently disclosed a nov 24 dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.2635 dividend. This represents a dividend yield of 5.1%. The ex-dividend date is Friday, November 1st. Realty Income's payout ratio is 292.59%.
Insider Buying and Selling at Realty Income
In related news, Director Mary Hogan Preusse sold 1,712 shares of the business's 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 transaction, the director now owns 26,579 shares in the company, valued at $1,663,313.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Mary Hogan Preusse sold 1,712 shares of the company's stock in a transaction that occurred 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 owns 26,579 shares in the company, valued at approximately $1,663,313.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director A. Larry Chapman sold 5,000 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction of $303,850.00. Following the transaction, the director now directly owns 5,257 shares of the company's stock, valued at $319,467.89. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Realty Income by 18.3% during the first quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust's stock worth $7,290,982,000 after buying an additional 20,848,560 shares in the last quarter. Raymond James & Associates raised its position in Realty Income by 92.4% during the third quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust's stock worth $410,932,000 after acquiring an additional 3,112,560 shares during the period. Canada Pension Plan Investment Board raised its position in Realty Income by 63.2% during the second quarter. Canada Pension Plan Investment Board now owns 2,610,483 shares of the real estate investment trust's stock worth $137,886,000 after acquiring an additional 1,010,876 shares during the period. Centersquare Investment Management LLC raised its position in shares of Realty Income by 14.9% in the first quarter. Centersquare Investment Management LLC now owns 6,824,420 shares of the real estate investment trust's stock valued at $365,379,000 after buying an additional 885,852 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Realty Income by 410.7% in the first quarter. Cetera Investment Advisers now owns 951,335 shares of the real estate investment trust's stock valued at $51,467,000 after purchasing an additional 765,048 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.
About Realty Income
(
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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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