Realty Income Corporation (NYSE:O) shares traded 0.50% higher at $54.00 on Wall Street last session.
In accordance with the data, 18 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 $53.73, this indicates a potential upside of 26.56 percent. O stock price is now -7.54% away from the 50-day moving average and -12.65% away from the 200-day moving average. The market capitalization of the company currently stands at $39.00B.
It has been rated a hold by 9 analysts and a buy by 8. 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 $2.25 million. Insiders disposed of 112,726 shares of company stock worth roughly $6.09 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 $49,458,000. RENAISSANCE TECHNOLOGIES LLC invested $20,878,000 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 $19,892,000. ZIMMER PARTNERS, LP acquired a new stake in O for approximately $17,550,000. UNISUPER MANAGEMENT PTY LTD purchased a new stake in O valued at around $10,360,000 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 $53.70 on Tuesday. During the past 12 months, Realty Income Corporation has had a low of $53.65 and a high of $68.85. According to the stock market information, the enterprise value for the company is $58.13B, which is based on a 40.18 price-to-earnings ratio, a 1.78 price-to-earnings-growth ratio, and a beta of 0.79. The fifty day moving average price for O is $58.30 and a two-hundred day moving average price translates $61.77 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 5.69% 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).