Stocks of Realty Income Corporation (NYSE:O) traded higher last session on Wall Street, up 0.16% to $56.32.
According to the data, Realty Income Corporation (NYSE:O) has 17 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $74.00 and a low of $61.00, we find $68.00. Given the previous closing price of $56.23, this indicates a potential upside of 20.93 percent. O stock price is now -6.42% away from the 50-day moving average and -10.02% away from the 200-day moving average. The market capitalization of the company currently stands at $39.90B.
A total of 9 analysts have issued a hold rating and 7 have given it a buy rating. Brokers who have rated the stock have averaged $68.63 as their price target over the next twelve months.
With the price target maintained at $69, Scotiabank recently Upgraded its rating from Sector Perform to Sector Outperform for Realty Income Corporation (NYSE: O).
In other news, Abraham Neil, insider sold 26,600 shares of the company’s stock on Feb 27. The stock was sold for $1,738,118 at an average price of $65.34. Upon completion of the transaction, the insider now directly owns 41,630 shares in the company, valued at $2.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 01, Director Chapman A. Larry sold 7,000 shares of the business’s stock. A total of $475,790 was realized by selling the stock at an average price of $67.97. This leaves the insider owning 10,090 shares of the company worth $0.57 million. Insiders disposed of 119,726 shares of company stock worth roughly $6.74 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in O stock. A new stake in Realty Income Corporation shares was purchased by MILLENNIUM MANAGEMENT LLC during the first quarter worth $51,583,000. PORTSIDE WEALTH GROUP, LLC invested $24,225,000 in shares of O during the first quarter. In the first quarter, RENAISSANCE TECHNOLOGIES LLC acquired a new stake in Realty Income Corporation valued at approximately $21,775,000. WORLDQUANT MILLENNIUM ADVISORS LLC acquired a new stake in O for approximately $20,747,000. ZIMMER PARTNERS, LP purchased a new stake in O valued at around $18,304,000 in the second quarter. In total, there are 1,455 active investors with 83.00% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $56.49 for Realty Income Corporation (NYSE: O). During the past 12 months, Realty Income Corporation has had a low of $55.50 and a high of $72.71. According to the stock market information, the enterprise value for the company is $59.71B, which is based on a 41.90 price-to-earnings ratio, a 1.85 price-to-earnings-growth ratio, and a beta of 0.79. The fifty day moving average price for O is $60.09 and a two-hundred day moving average price translates $62.57 for the stock.
The latest earnings results from Realty Income Corporation (NYSE: O) was released for Jun, 2023. According to the REIT – Retail Company, earnings per share came in at $0.29, missing analysts’ expectations of $0.34 by -0.05. This compares to $0.37 EPS in the same period last year. The net profit margin was 23.50% and return on equity was 3.00% for O. The company reported revenue of $1.02 billion for the quarter, compared to $810.42 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.76 percent. For the current quarter, analysts expect O to generate $984.73M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/15/2023. Investors who held shares on 09/01/2023 were paid a $0.2555 dividend. On an annualized basis, this represents a $3.07 dividend and a 5.44% percent yield. There was an ex-dividend date of 08/31/2023 for this dividend. In terms of dividend payout ratio, O is presently at 223.30%.
Realty Income Corporation(O) 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 13,100 real estate properties primarily owned under long-term net lease agreements with commercial clients. To date, the company has declared 637 consecutive monthly dividends on its shares of common stock throughout its 54-year operating history and increased the dividend 121 times since Realty Income’s public listing in 1994 (NYSE: O).
