Realty Income Corporation (NYSE:O) shares traded -0.47% lower at $54.99 on Wall Street last session.
In accordance with the data, 17 analysts cover Realty Income Corporation (NYSE:O). 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 $55.25, this indicates a potential upside of 23.08 percent. O stock price is now -7.33% away from the 50-day moving average and -11.64% away from the 200-day moving average. The market capitalization of the company currently stands at $38.87B.
It has been rated a hold by 9 analysts and a buy by 7. Brokers who have rated the stock have averaged $68.08 as their price target over the next twelve months.
With the price target reduced from $71 to $69, JP Morgan maintained Neutral rating 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 $2.29 million. Insiders disposed of 112,726 shares of company stock worth roughly $6.2 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 $50,365,000. RENAISSANCE TECHNOLOGIES LLC invested $21,261,000 in shares of O during the first quarter. In the first quarter, WORLDQUANT MILLENNIUM ADVISORS LLC acquired a new stake in Realty Income Corporation valued at approximately $20,257,000. ZIMMER PARTNERS, LP acquired a new stake in O for approximately $17,872,000. UNISUPER MANAGEMENT PTY LTD purchased a new stake in O valued at around $10,550,000 in the second quarter. In total, there are 1,455 active investors with 83.00% ownership of the company’s stock.
Realty Income Corporation (NYSE: O) opened at $55.43 on Wednesday. During the past 12 months, Realty Income Corporation has had a low of $55.23 and a high of $68.85. According to the stock market information, the enterprise value for the company is $59.02B, which is based on a 40.92 price-to-earnings ratio, a 1.81 price-to-earnings-growth ratio, and a beta of 0.79. The fifty day moving average price for O is $59.24 and a two-hundred day moving average price translates $62.19 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 5.58% 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%.
