Realty Income (NYSE:O) Shares Up 0.7% - Still a Buy?

Realty Income Co. (NYSE:O - Get Free Report)'s share price shot up 0.7% on Monday . The stock traded as high as $56.39 and last traded at $56.22. 1,056,251 shares changed hands during trading, a decline of 79% from the average session volume of 4,979,962 shares. The stock had previously closed at $55.80.

Wall Street Analyst Weigh In

O has been the topic of a number of analyst reports. Barclays raised their price target on Realty Income from $56.00 to $59.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a "hold" rating and a $62.00 price objective for the company. BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price on the stock. in a research report on Tuesday, February 25th. Mizuho decreased their price target on Realty Income from $60.00 to $54.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada reduced their price target on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $62.04.

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Realty Income Stock Performance

The firm's 50 day simple moving average is $55.72 and its 200-day simple moving average is $57.37. The company has a market capitalization of $50.07 billion, a price-to-earnings ratio of 53.49, a P/E/G ratio of 2.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a $0.2685 dividend. The ex-dividend date is Tuesday, April 1st. This represents a dividend yield of 5.7%. This is a boost from Realty Income's previous apr 25 dividend of $0.27. Realty Income's dividend payout ratio is currently 328.57%.

Institutional Trading of Realty Income

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Realty Income by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust's stock valued at $7,436,622,000 after acquiring an additional 555,908 shares during the period. Geode Capital Management LLC boosted its holdings in Realty Income by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock valued at $1,253,584,000 after acquiring an additional 658,240 shares during the last quarter. Northern Trust Corp increased its position in 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 purchasing an additional 3,834,403 shares during the period. Norges Bank acquired a new position in shares of Realty Income in the 4th quarter worth approximately $624,666,000. Finally, Raymond James Financial Inc. acquired a new position in Realty Income in the fourth quarter valued at $553,572,000. Institutional investors and hedge funds own 70.81% of the company's stock.

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.