Realty Income (NYSE:O) Stock Price Up 0.6% - What's Next?

Shares of Realty Income Co. (NYSE:O - Get Free Report) rose 0.6% during mid-day trading on Friday . The company traded as high as $56.40 and last traded at $56.38. Approximately 1,198,563 shares changed hands during trading, a decline of 79% from the average daily volume of 5,658,171 shares. The stock had previously closed at $56.07.

Analysts Set New Price Targets

O has been the topic of a number of recent analyst reports. Wedbush initiated coverage on Realty Income in a research report on Monday, August 19th. They set a "neutral" rating and a $64.00 price target on the stock. Scotiabank raised their target price on Realty Income from $61.00 to $64.00 and gave the company a "sector perform" rating in a research report on Tuesday, September 17th. Mizuho downgraded Realty Income from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $64.00 to $60.00 in a research report on Thursday. JPMorgan Chase & Co. raised their target price on Realty Income from $60.00 to $67.00 and gave the company a "neutral" rating in a research report on Tuesday, September 3rd. Finally, Morgan Stanley restated an "equal weight" rating and issued a $62.00 target price on shares of Realty Income in a research report on Tuesday, August 6th. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $63.85.

Realty Income Stock Performance

The firm has a fifty day moving average of $61.43 and a 200 day moving average of $57.96. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $49.37 billion, a price-to-earnings ratio of 53.70, a PEG ratio of 4.00 and a beta of 0.99.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results 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). The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Realty Income's revenue was up 28.1% compared to the same quarter last year. During the same period last year, the business earned $1.02 EPS. As a group, sell-side analysts forecast 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. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.2635 per share. This is a boost from Realty Income's previous monthly dividend of $0.24. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $3.16 annualized dividend and a yield of 5.61%. Realty Income's dividend payout ratio (DPR) is 300.96%.

Insiders Place Their Bets

In other Realty Income news, 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 transaction of $303,850.00. Following the completion of the sale, the director now directly owns 5,257 shares of the company's stock, valued at $319,467.89. The trade was a 48.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $107,136.96. Following the sale, the director now directly owns 26,579 shares of the company's stock, valued at $1,663,313.82. This trade represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Institutional Trading of Realty Income

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pacifica Partners Inc. increased its position in shares of Realty Income by 444.4% during the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 400 shares in the last quarter. Rosenberg Matthew Hamilton increased its position in Realty Income by 75.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 211 shares during the period. MFA Wealth Advisors LLC acquired a new position in Realty Income in the 2nd quarter valued at about $33,000. Creative Capital Management Investments LLC increased its position in Realty Income by 133.3% during the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 300 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new position in Realty Income during the 2nd quarter worth approximately $42,000. 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.

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