Realty Income (NYSE:O) Stock Price Up 0.8% - Still a Buy?

Realty Income Co. (NYSE:O - Get Free Report)'s stock price shot up 0.8% during trading on Tuesday . The stock traded as high as $56.87 and last traded at $56.74. 1,143,182 shares were traded during mid-day trading, a decline of 78% from the average session volume of 5,275,162 shares. The stock had previously closed at $56.27.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on O shares. Scotiabank reduced their price objective on Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a research report on Friday, February 28th. Mizuho boosted their price target on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Stifel Nicolaus lowered their price target on Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a report on Wednesday, January 8th. BNP Paribas cut shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective on the stock. in a research note on Tuesday, February 25th. Finally, Royal Bank of Canada decreased their target price on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $62.42.

Realty Income Stock Performance

The firm's fifty day simple moving average is $56.19 and its 200 day simple moving average is $56.56. 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 company has a market capitalization of $51.96 billion, a price-to-earnings ratio of 55.49, a PEG ratio of 2.10 and a beta of 0.79.

Realty Income (NYSE:O - Get Free Report) last released its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. On average, sell-side analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The business also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a $0.2685 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a yield of 6%. Realty Income's dividend payout ratio is presently 328.57%.

Institutional Trading of Realty Income

Institutional investors have recently added to or reduced their stakes in the business. Lee Danner & Bass Inc. bought a new position in shares of Realty Income in the 4th quarter valued at approximately $28,000. Hopwood Financial Services Inc. acquired a new position in Realty Income during the fourth quarter valued at approximately $29,000. Sierra Ocean LLC bought a new position in shares of Realty Income in the fourth quarter valued at approximately $32,000. Millstone Evans Group LLC acquired a new stake in shares of Realty Income in the fourth quarter worth $34,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of Realty Income during the 4th quarter worth $34,000. 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.