Realty Income (NYSE:O) Stock Price Up 1.8% - Time to Buy?

Realty Income Co. (NYSE:O - Get Free Report)'s share price traded up 1.8% on Friday . The company traded as high as $58.62 and last traded at $58.27. 5,105,969 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 5,275,979 shares. The stock had previously closed at $57.26.

Analyst Upgrades and Downgrades

O has been the subject of a number of research reports. Scotiabank dropped their price objective on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Stifel Nicolaus cut their target price 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 Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target for the company. in a research note on Tuesday, February 25th. Barclays reduced their target price on Realty Income from $59.00 to $58.00 and set an "equal weight" rating on the stock in a report on Tuesday. Finally, Royal Bank of Canada reduced their price objective on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research note 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 MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $62.35.

Realty Income Stock Up 0.9 %

The company has a market cap of $52.17 billion, a price-to-earnings ratio of 55.71, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The stock's fifty day moving average is $56.27 and its two-hundred day moving average is $56.45.

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 for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.28 billion. Sell-side analysts predict that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

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

Institutional Investors Weigh In On Realty Income

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. boosted its holdings in Realty Income by 5.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 550,132 shares of the real estate investment trust's stock valued at $31,913,000 after purchasing an additional 27,134 shares during the period. Cherry Creek Investment Advisors Inc. boosted its stake in Realty Income by 35.1% during the first quarter. Cherry Creek Investment Advisors Inc. now owns 5,224 shares of the real estate investment trust's stock valued at $303,000 after buying an additional 1,356 shares during the period. Ellis Investment Partners LLC grew its position in Realty Income by 13.2% during the first quarter. Ellis Investment Partners LLC now owns 6,439 shares of the real estate investment trust's stock worth $374,000 after buying an additional 751 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Realty Income in the 1st quarter worth about $1,470,000. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of Realty Income in the 1st quarter valued at about $4,351,000. Institutional investors 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.