Realty Income (NYSE:O) Trading 0.1% Higher - Time to Buy?

Realty Income Co. (NYSE:O - Get Free Report) shares shot up 0.1% during mid-day trading on Tuesday . The stock traded as high as $57.18 and last traded at $57.05. 875,662 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 4,960,002 shares. The stock had previously closed at $56.98.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on O shares. Scotiabank lowered their price target on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. Mizuho reduced their price target on Realty Income from $60.00 to $54.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. BNP Paribas cut Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective for the company. in a research report on Tuesday, February 25th. Barclays boosted their target price on Realty Income from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 4th. Finally, Stifel Nicolaus decreased their price target on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Realty Income has a consensus rating of "Hold" and a consensus target price of $62.04.

Realty Income Price Performance

The firm has a 50-day simple moving average of $55.52 and a two-hundred day simple moving average of $57.54. The company has a market capitalization of $49.73 billion, a price-to-earnings ratio of 53.13, a P/E/G ratio of 2.10 and a beta of 1.00. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

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

Realty Income Increases Dividend

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

Institutional Investors Weigh In On Realty Income

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Realty Income by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust's stock worth $7,436,622,000 after purchasing an additional 555,908 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Realty Income by 2.9% during 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 lifted its position in shares of Realty Income by 41.2% in the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock valued at $701,792,000 after acquiring an additional 3,834,403 shares in the last quarter. Norges Bank acquired a new stake in shares of Realty Income in the fourth quarter worth approximately $624,666,000. Finally, Raymond James Financial Inc. acquired a new position in Realty Income in the 4th quarter valued at $553,572,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

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.