Realty Income (NYSE:O) Stock Price Up 0.3% - Time to Buy?

Realty Income Co. (NYSE:O - Get Free Report)'s share price traded up 0.3% during trading on Friday . The company traded as high as $56.59 and last traded at $56.33. 634,626 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 4,948,659 shares. The stock had previously closed at $56.16.

Analyst Ratings Changes

Several equities analysts have recently issued reports on O shares. Barclays upped their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company an "equal weight" rating in a report on Tuesday, March 4th. Scotiabank cut 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. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a research note on Wednesday, December 11th. They set a "hold" rating and a $62.00 price objective for the company. Mizuho cut their price objective on shares of 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, BNP Paribas cut shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price for the company. in a report on Tuesday, February 25th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $62.04.

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Realty Income Stock Up 2.6 %

The business has a fifty day moving average of $55.79 and a 200 day moving average of $57.24. The company has a market capitalization of $51.76 billion, a PE ratio of 55.29, a PEG 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.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 EPS 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 business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.28 billion. Equities research analysts anticipate 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 of this dividend is Tuesday, April 1st. This represents a yield of 5.7%. This is an increase from Realty Income's previous apr 25 dividend of $0.27. Realty Income's dividend payout ratio (DPR) is presently 328.57%.

Institutional Investors Weigh In On Realty Income

Several institutional investors have recently made changes to their positions in the stock. Lee Danner & Bass Inc. acquired a new position in shares of Realty Income during the 4th quarter worth approximately $28,000. Hopwood Financial Services Inc. acquired a new stake in shares of Realty Income during the fourth quarter valued at $29,000. Sierra Ocean LLC purchased a new stake in Realty Income during the 4th quarter worth about $32,000. Millstone Evans Group LLC acquired a new position in Realty Income in the 4th quarter valued at about $34,000. Finally, Fourth Dimension Wealth LLC purchased a new position in Realty Income in the 4th quarter valued at about $34,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

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.