Realty Income Corporation [NYSE: O] traded at a high on 12/30/21, posting a 0.01 gain after which it closed the day’ session at $71.91. The company report on December 15, 2021 that 114TH COMMON STOCK MONTHLY DIVIDEND INCREASE DECLARED BY REALTY INCOME.
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced its Board of Directors has declared an increase in the company’s common stock monthly cash dividend to $0.2465 per share from $0.246 per share. The dividend is payable on January 14, 2022 to shareholders of record as of January 3, 2022. This is the 114th dividend increase since Realty Income’s listing on the NYSE in 1994. The ex-dividend date for January’s dividend is December 31, 2021. The new monthly dividend represents an annualized dividend amount of $2.958 per share as compared to the current annualized dividend amount of $2.952 per share.
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“As we approach the end of 2021, I’m pleased that our Board of Directors has once again determined that Realty Income can increase the amount of the monthly dividend,” said Sumit Roy, President and Chief Executive Officer of Realty Income. “This will be our 114th dividend increase since 1994 and is in line with our mission to invest in people and places to deliver dependable monthly dividends that increase over time. With the payment of the January dividend, we will have made 618 consecutive monthly dividend payments throughout our 52-year operating history.”.
The results of the trading session contributed to over 2039140 shares changing hands. Over the past one week, the price volatility of Realty Income Corporation stands at 1.27% while the volatility over the past one month is 1.82%.
The market cap for O stock reached $40.64 billion, with 391.91 million shares outstanding and 388.58 million shares in the current float. Compared to the average trading volume of 5.08M shares, O reached a trading volume of 2039140 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Realty Income Corporation [O]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for O shares is $78.71 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on O stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Scotiabank have made an estimate for Realty Income Corporation shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on December 15, 2021. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price to Outperform. The new note on the price target was released on September 17, 2021, representing the official price target for Realty Income Corporation stock. Previously, the target price had yet another raise to $79, while Wolfe Research analysts kept a Peer Perform rating on O stock.
The Average True Range (ATR) for Realty Income Corporation is set at 1.24, with the Price to Sales ratio for O stock in the period of the last 12 months amounting to 22.37. The Price to Book ratio for the last quarter was 2.11, with the Price to Cash per share for the same quarter was set at 0.91. Price to Free Cash Flow for O in the course of the last twelve months was 184.06.
How has O stock performed recently?
Realty Income Corporation [O] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.01. With this latest performance, O shares gained by 5.87% in over the last four-week period, additionally plugging by 10.75% over the last 6 months – not to mention a rise of 21.18% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for O stock in for the last two-week period is set at 65.59, with the RSI for the last a single of trading hit 73.16, and the three-weeks RSI is set at 59.35 for Realty Income Corporation [O]. The present Moving Average for the last 50 days of trading for this stock 70.22, while it was recorded at 71.07 for the last single week of trading, and 68.81 for the last 200 days.
Realty Income Corporation [O]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Realty Income Corporation [O] shares currently have an operating margin of +21.51 and a Gross Margin at +25.53. Realty Income Corporation’s Net Margin is presently recorded at +12.70.
Return on Total Capital for O is now 1.84, given the latest momentum, and Return on Invested Capital for the company is 1.10. Return on Equity for this stock inclined to 2.01, with Return on Assets sitting at 1.06. When it comes to the capital structure of this company, Realty Income Corporation [O] has a Total Debt to Total Equity ratio set at 84.29. Additionally, O Total Debt to Total Capital is recorded at 45.74, with Total Debt to Total Assets ending up at 44.64. Long-Term Debt to Equity for the company is recorded at 83.89, with the Long-Term Debt to Total Capital now at 45.52.
Reflecting on the efficiency of the workforce at the company, Realty Income Corporation [O] managed to generate an average of $992,314 per employee. Receivables Turnover for the company is 4.74 with a Total Asset Turnover recorded at a value of 0.08.
Earnings analysis for Realty Income Corporation [O]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for O. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Realty Income Corporation go to 5.45%.
Insider trade positions for Realty Income Corporation [O]
There are presently around $32,608 million, or 54.70% of O stock, in the hands of institutional investors. The top three institutional holders of O stocks are: VANGUARD GROUP INC with ownership of 83,838,268, which is approximately 1.962% of the company’s market cap and around 0.16% of the total institutional ownership; BLACKROCK INC., holding 48,948,838 shares of the stock with an approximate value of $3.52 billion in O stocks shares; and STATE STREET CORP, currently with $2.57 billion in O stock with ownership of nearly 2.971% of the company’s market capitalization.
Positions in Realty Income Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 584 institutional holders increased their position in Realty Income Corporation [NYSE:O] by around 39,054,558 shares. Additionally, 351 investors decreased positions by around 14,851,016 shares, while 156 investors held positions by with 399,612,296 shares. The mentioned changes placed institutional holdings at 453,517,870 shares, according to the latest SEC report filing. O stock had 109 new institutional investments in for a total of 3,345,073 shares, while 74 institutional investors sold positions of 2,265,036 shares during the same period.