Realty Income Co. (NYSE:O - Get Free Report)'s share price traded up 0.9% during trading on Wednesday . The stock traded as high as $56.32 and last traded at $56.16. 992,802 shares traded hands during trading, a decline of 80% from the average session volume of 4,975,940 shares. The stock had previously closed at $55.65.
Analysts Set New Price Targets
Several research firms have weighed in on O. Mizuho lowered their price target on Realty Income from $60.00 to $54.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Scotiabank lowered their target price on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. BNP Paribas cut shares of 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 raised their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 4th. Finally, Stifel Nicolaus cut their target price on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $62.04.
View Our Latest Research Report on O
Realty Income Price Performance
The firm has a fifty day moving average of $55.79 and a two-hundred day moving average of $57.32. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $50.47 billion, a PE ratio of 53.91, a PEG ratio of 2.10 and a beta of 1.00.
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 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 for the quarter, compared to analysts' expectations of $1.28 billion. Research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.
Realty Income Increases Dividend
The company also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.2685 per share. This represents a dividend yield of 5.7%. This is an increase from Realty Income's previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. Realty Income's dividend payout ratio is 328.57%.
Institutional Trading of Realty Income
Several large investors have recently bought and sold shares of O. Cerity Partners LLC boosted its position in shares of Realty Income by 60.0% during the third quarter. Cerity Partners LLC now owns 86,934 shares of the real estate investment trust's stock valued at $5,513,000 after purchasing an additional 32,600 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Realty Income by 3.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 621,476 shares of the real estate investment trust's stock worth $39,414,000 after buying an additional 18,804 shares during the period. Townsquare Capital LLC increased its stake in shares of Realty Income by 7.1% in the 3rd quarter. Townsquare Capital LLC now owns 97,284 shares of the real estate investment trust's stock worth $6,170,000 after acquiring an additional 6,454 shares in the last quarter. Glenmede Trust Co. NA lifted its position in Realty Income by 4.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 20,391 shares of the real estate investment trust's stock valued at $1,293,000 after acquiring an additional 837 shares during the period. Finally, CreativeOne Wealth LLC boosted its stake in Realty Income by 71.9% during the third quarter. CreativeOne Wealth LLC now owns 29,529 shares of the real estate investment trust's stock worth $1,873,000 after acquiring an additional 12,351 shares in the last quarter. 70.81% of the stock is owned by institutional investors.
Realty Income Company Profile
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Get Free Report)
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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