Shares of Realty Income Co. (NYSE:O - Get Free Report) saw strong trading volume on Friday . 3,330,039 shares were traded during trading, a decline of 40% from the previous session's volume of 5,572,459 shares.The stock last traded at $52.33 and had previously closed at $51.76.
Analyst Upgrades and Downgrades
O has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Realty Income from $60.00 to $67.00 and gave the company a "neutral" rating in a report on Tuesday, September 3rd. Stifel Nicolaus lowered their price target on Realty Income from $70.50 to $70.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. UBS Group dropped their price target on Realty Income from $72.00 to $71.00 and set a "buy" rating on the stock in a research report on Thursday, November 14th. Scotiabank lifted their price objective on shares of Realty Income from $61.00 to $64.00 and gave the stock a "sector perform" rating in a report on Tuesday, September 17th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a research note on Wednesday, December 11th. They set a "hold" rating and a $62.00 target price for the company. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $63.23.
Read Our Latest Stock Analysis on Realty Income
Realty Income Stock Performance
The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The company's 50-day moving average is $58.37 and its two-hundred day moving average is $58.34. The stock has a market capitalization of $46.20 billion, a P/E ratio of 50.28, a P/E/G ratio of 2.05 and a beta of 0.98.
Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the firm posted $1.02 EPS. The business's quarterly revenue was up 28.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Realty Income Co. will post 4.2 EPS for the current fiscal year.
Realty Income Increases Dividend
The business also recently disclosed a jan 25 dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a dividend of $0.264 per share. This is a boost from Realty Income's previous jan 25 dividend of $0.26. This represents a dividend yield of 5.7%. The ex-dividend date is Thursday, January 2nd. Realty Income's payout ratio is currently 300.95%.
Hedge Funds Weigh In On Realty Income
A number of institutional investors and hedge funds have recently bought and sold shares of O. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Realty Income by 765.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust's stock valued at $478,556,000 after purchasing an additional 6,673,617 shares during the period. Raymond James & Associates boosted its stake 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 valued at $410,932,000 after buying an additional 3,112,560 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Realty Income by 3,150.5% during the third quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust's stock worth $175,142,000 after acquiring an additional 2,675,266 shares during the period. Parnassus Investments LLC raised its position in Realty Income by 7.4% in the third quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust's stock worth $1,550,506,000 after acquiring an additional 1,676,293 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in Realty Income by 102.1% in the 3rd quarter. Bank of Montreal Can now owns 2,191,962 shares of the real estate investment trust's stock valued at $137,502,000 after acquiring an additional 1,107,493 shares during the last quarter. 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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