Realty Income Co. (NYSE:O - Get Free Report) shot up 1.8% during trading on Thursday . The stock traded as high as $58.18 and last traded at $58.29. 1,241,443 shares traded hands during trading, a decline of 76% from the average session volume of 5,260,672 shares. The stock had previously closed at $57.26.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on O. Barclays increased their price objective on shares of Realty Income from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 4th. Stifel Nicolaus reduced their price objective on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada lowered their target price on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Mizuho boosted their price target on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Finally, Scotiabank cut their target price 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. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $62.42.
View Our Latest Analysis on O
Realty Income Price Performance
The firm has a market cap of $51.74 billion, a PE ratio of 55.26, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79. The stock's fifty day moving average price is $56.19 and its 200-day moving average price is $56.48. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.
Realty Income (NYSE:O - Get Free Report) last issued its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. As a group, equities analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.
Realty Income Dividend Announcement
The company also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.2685 dividend. This represents a dividend yield of 6%. The ex-dividend date is Thursday, May 1st. Realty Income's dividend payout ratio is currently 328.57%.
Hedge Funds Weigh In On Realty Income
Institutional investors and hedge funds have recently bought and sold shares of the company. Lee Danner & Bass Inc. acquired a new position in Realty Income in the fourth quarter valued at about $28,000. Hopwood Financial Services Inc. purchased a new position in shares of Realty Income during the 4th quarter worth approximately $29,000. Sierra Ocean LLC acquired a new stake in Realty Income in the 4th quarter valued at approximately $32,000. PSI Advisors LLC lifted its stake in Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 252 shares in the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in shares of Realty Income in the fourth quarter valued at $34,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.
Realty Income Company Profile
(
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.
Featured Articles
Before you consider Realty Income, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Realty Income wasn't on the list.
While Realty Income currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
