Realty Income (NYSE:O) Reaches New 1-Year High at $63.50

Shares of Realty Income Co. (NYSE:O) reached a new 52-week high on Tuesday . The company traded as high as $63.50 and last traded at $63.45, with a volume of 948909 shares traded. The stock had previously closed at $63.42.

Analyst Ratings Changes

A number of analysts have recently weighed in on O shares. Scotiabank raised their price target on shares of Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 17th. Stifel Nicolaus raised their target price on Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Robert W. Baird raised their target price on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. raised their target price on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $65.00 price objective (up from $62.00) on shares of Realty Income in a research note on Tuesday. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Realty Income presently has an average rating of “Hold” and an average price target of $62.80.

Realty Income Price Performance

The stock has a 50 day moving average of $61.16 and a two-hundred day moving average of $56.26. The stock has a market cap of $54.23 billion, a PE ratio of 57.67, a PEG ratio of 4.34 and a beta of 0.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39.

Realty Income (NYSE:O) last released its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a net margin of 17.89% and a return on equity of 3.27%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the firm earned $1.00 EPS. The company’s revenue was up 31.4% compared to the same quarter last year. Equities analysts anticipate that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Increases Dividend

The firm also recently announced a oct 24 dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be paid a dividend of $0.2635 per share. This represents a yield of 5%. The ex-dividend date of this dividend is Tuesday, October 1st. This is a boost from Realty Income’s previous oct 24 dividend of $0.26. Realty Income’s payout ratio is 292.59%.

Insider Buying and Selling at Realty Income

In other news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the sale, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the sale, the director now directly owns 5,257 shares in the company, valued at approximately $319,467.89. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the sale, the director now owns 26,579 shares of the company’s stock, valued at $1,663,313.82. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Realty Income

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Founders Financial Securities LLC lifted its holdings in Realty Income by 0.9% in the 2nd quarter. Founders Financial Securities LLC now owns 21,210 shares of the real estate investment trust’s stock worth $1,120,000 after purchasing an additional 181 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Realty Income by 0.6% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 35,285 shares of the real estate investment trust’s stock worth $1,864,000 after purchasing an additional 199 shares during the last quarter. Optimum Investment Advisors lifted its holdings in Realty Income by 11.1% in the 2nd quarter. Optimum Investment Advisors now owns 2,000 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 200 shares during the last quarter. MeadowBrook Investment Advisors LLC lifted its holdings in Realty Income by 3.4% in the 2nd quarter. MeadowBrook Investment Advisors LLC now owns 6,092 shares of the real estate investment trust’s stock worth $322,000 after purchasing an additional 200 shares during the last quarter. Finally, First Affirmative Financial Network lifted its holdings in shares of Realty Income by 2.1% during the first quarter. First Affirmative Financial Network now owns 9,828 shares of the real estate investment trust’s stock worth $532,000 after buying an additional 201 shares during the last quarter. 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.