Realty Income (NYSE:O) Shares Up 0.5% - Time to Buy?

Realty Income Co. (NYSE:O - Get Free Report)'s stock price shot up 0.5% on Wednesday . The company traded as high as $57.59 and last traded at $57.32. 762,295 shares traded hands during trading, a decline of 87% from the average session volume of 5,667,140 shares. The stock had previously closed at $57.02.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on O. Royal Bank of Canada decreased their target price on shares of Realty Income from $67.00 to $63.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. Wedbush initiated coverage on Realty Income in a report on Monday, August 19th. They issued a "neutral" rating and a $64.00 target price on the stock. Wells Fargo & Company reiterated an "equal weight" rating and issued a $65.00 target price (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. UBS Group raised their price objective on Realty Income from $70.00 to $72.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Finally, Morgan Stanley restated an "equal weight" rating and set a $62.00 price objective on shares of Realty Income in a research note on Tuesday, August 6th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $63.85.

Realty Income Price Performance

The stock has a market cap of $49.81 billion, a PE ratio of 54.51, a PEG ratio of 4.01 and a beta of 0.99. The firm has a 50-day moving average of $61.67 and a 200-day moving average of $57.98. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the business earned $1.02 earnings per share. Realty Income's revenue for the quarter was up 28.1% on a year-over-year basis. Research analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be paid a dividend of $0.2635 per share. This represents a $3.16 annualized dividend and a yield of 5.56%. This is an increase from Realty Income's previous monthly dividend of $0.24. The ex-dividend date is Monday, December 2nd. Realty Income's payout ratio is 300.96%.

Insider Buying and Selling

In related news, Director A. Larry Chapman sold 5,000 shares of the company's 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 transaction, the director now owns 5,257 shares of the company's stock, valued at approximately $319,467.89. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Realty Income 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 completion of the sale, the director now directly owns 26,579 shares of the company's stock, valued at $1,663,313.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the director now directly owns 5,257 shares of the company's stock, valued at $319,467.89. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Institutional Trading of Realty Income

Hedge funds and other institutional investors have recently made changes to their positions in the company. Avestar Capital LLC raised its holdings in Realty Income by 4.7% in the 3rd quarter. Avestar Capital LLC now owns 5,192 shares of the real estate investment trust's stock valued at $329,000 after acquiring an additional 235 shares during the last quarter. Brooklyn Investment Group purchased a new position in Realty Income in the 3rd quarter valued at about $270,000. D.A. Davidson & CO. boosted its position in Realty Income by 1.7% in the 3rd quarter. D.A. Davidson & CO. now owns 227,873 shares of the real estate investment trust's stock valued at $14,452,000 after buying an additional 3,894 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Realty Income by 3.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 621,476 shares of the real estate investment trust's stock valued at $39,414,000 after buying an additional 18,804 shares during the last quarter. Finally, Bank of Montreal Can boosted its position 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 buying an additional 1,107,493 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Company Profile

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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