Realty Income (NYSE:O) Shares Up 1.3% - What's Next?

Realty Income Corporation (NYSE:O - Get Free Report) rose 1.3% during mid-day trading on Wednesday . The stock traded as high as $56.74 and last traded at $56.6350. Approximately 2,414,436 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 5,636,727 shares. The stock had previously closed at $55.93.

Analyst Upgrades and Downgrades

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A number of brokerages have recently commented on O. Mizuho cut their price target on shares of Realty Income from $63.00 to $60.00 and set a "neutral" rating on the stock in a report on Wednesday, December 17th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $61.00 price target on shares of Realty Income in a research report on Thursday, December 18th. Cantor Fitzgerald decreased their price objective on shares of Realty Income from $64.00 to $60.00 and set a "neutral" rating for the company in a research report on Thursday, November 6th. Royal Bank Of Canada lifted their price objective on Realty Income from $60.00 to $61.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Realty Income in a research report on Monday. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $62.23.

Get Our Latest Stock Analysis on O

Realty Income Trading Up 1.3%

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The firm's 50 day moving average is $57.71 and its 200 day moving average is $58.06. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53. The company has a market capitalization of $52.10 billion, a PE ratio of 52.44, a P/E/G ratio of 3.55 and a beta of 0.80.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.01. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.35 billion. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The company's revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 EPS. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, equities analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

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The firm also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.27 per share. This represents a c) dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Wednesday, December 31st. This is a positive change from Realty Income's previous monthly dividend of $0.27. Realty Income's dividend payout ratio is currently 300.00%.

Insiders Place Their Bets

In other news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the sale, the director directly owned 19,211 shares in the company, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company's stock.

Institutional Trading of Realty Income

Several large investors have recently bought and sold shares of O. Compagnie Lombard Odier SCmA bought a new position in shares of Realty Income in the 2nd quarter worth approximately $25,000. Stance Capital LLC bought a new stake in shares of Realty Income during the third quarter valued at approximately $27,000. Heartwood Wealth Advisors LLC purchased a new stake in Realty Income in the third quarter worth $29,000. Avion Wealth raised its holdings in Realty Income by 142.4% in the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 309 shares in the last quarter. Finally, Strengthening Families & Communities LLC lifted its position in Realty Income by 586.1% during the third quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 422 shares during the period. 70.81% of the stock is owned by institutional investors.

Realty Income Company Profile

(Get Free Report)

Realty Income Corporation NYSE: O is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company's business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income's portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.

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