Realty Income (NYSE:O) Share Price Down 0.7%

Realty Income Co. (NYSE:O – Get Your Free Report ) was down 0.7% on Thursday. The stock traded as high as $61.87 and last traded at $61.99. 571,011 shares changed hands during trading, down 90% from the session’s average volume of 5,815,743 shares. Shares previously closed at $62.42.

Changes in Analyst Ratings

Several equities analysts recently commented on shares of O. Wells Fargo & Company reiterated an “equal weight” rating and set a $65.00 target price (up from $62.00) on shares of Realty Income in -a research note from Tuesday. Scotiabank upped their target price on shares of Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a report on Tuesday, September 17th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 price objective on shares of Realty Income in a research note on Tuesday, August 6th. Wedbush started coverage on shares of Realty Income in a research report on Monday, August 19th. They set a “neutral” rating and a $64.00 price target on the stock. Finally, Robert W. Baird lifted their price target on shares of Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, 6 August. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $62.80, according to MarketBeat.

Read our latest review on O

Real estate income stock down 0.3%

The company has a fifty day moving average of $61.16 and a 200 day moving average of $56.26. The company has a quick ratio of 1.39, a current ratio of 1.39, and a debt-to-equity ratio of 0.66. The company has a market cap of $54.18 billion, a P/E ratio of 57.40, a price-to-earnings-growth ratio of 4.34 and a beta of 0.99.

Realty Income (NYSE:O – Get Your Free Report ) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Real Estate Income had a net margin of 17.89% and a return on equity of 3.27%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.22 billion. In the same quarter last year, the company posted earnings of $1.00 per share. The company’s revenue was up 31.4% compared to the same quarter last year. On average, research analysts anticipate that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Real estate income increases dividends

The company also recently declared a dividend on October 24th, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be issued a $0.2635 dividend. The ex-dividend date is Tuesday, October 1st. This is an increase from Realty Income’s previous dividend of $0.26 on October 24th. This represents a dividend yield of 5%. Realty Income’s dividend payout ratio is currently 292.59%.

Insider buying and selling

In related news, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were 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 owns 26,579 shares of the company’s stock, valued at $1,663,313.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, 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 transaction of $107,136.96. Following the completion of the sale, the director now directly owns 26,579 shares in the company, valued at $1,663,313.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the transaction, the director now directly owns 5,257 shares of the company’s stock, valued at $319,467.89. The disclosure for this sale can be found here. 0.10% of shares are currently owned by company insiders.

Hedge funds influence real estate income

Several large investors have recently made changes to their positions in the stock. Vima LLC purchased a new stake in shares of Realty Income during the fourth quarter valued at about $25,000. Pacifica Partners Inc. grew its position in Realty Income by 444.4% in the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 400 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in Realty Income in the first quarter valued at $27,000. Bell Investment Advisors Inc boosted its holdings in Realty Income by 69.6% in the first quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 217 shares during the last quarter. Finally, Able Wealth Management LLC purchased a new stake in shares of Realty Income in the 4th quarter valued at approximately $32,000. 70.81% of the shares are currently owned by institutional investors and hedge funds.

Real Estate Income Company Profile

(Get a free report)

Realty Income, The Monthly Dividend Company, is an S&P 500 company and a member of the S&P 500 Dividend Aristocrats Index. We invest in people and places to deliver reliable monthly dividends that grow over time. The company is structured as a real estate investment trust (“REIT”) and its monthly dividends are supported by cash flow from more than 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) held primarily for the long term. net leases with commercial customers.

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