Realty Income Corporation [NYSE: O] gained 0.46% or 0.33 points to close at $71.41 with a heavy trading volume of 2860575 shares. 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.”.
It opened the trading session at $71.36, the shares rose to $71.87 and dropped to $70.89, the range by which the price of stock traded the whole day. The daily chart for O points out that the company has recorded 7.07% gains over the past six months. However, it is still -29.37% lower than its most recent low trading price.
If we look at the average trading volume of 5.02M shares, O reached to a volume of 2860575 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 1.27, with the Price to Sales ratio for O stock in the period of the last 12 months amounting to 22.34. The Price to Book ratio for the last quarter was 2.10, 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 183.81.
Trading performance analysis for O stock
Realty Income Corporation [O] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.70. With this latest performance, O shares gained by 4.42% in over the last four-week period, additionally plugging by 7.07% over the last 6 months – not to mention a rise of 25.20% 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 58.58, with the RSI for the last a single of trading hit 59.41, and the three-weeks RSI is set at 55.72 for Realty Income Corporation [O]. The present Moving Average for the last 50 days of trading for this stock 70.12, while it was recorded at 71.51 for the last single week of trading, and 69.03 for the last 200 days.
Realty Income Corporation [O]: A deeper dive into fundamental analysis
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.
Realty Income Corporation [O]: An earnings per share (EPS) analysis
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%.
An analysis of insider ownership at Realty Income Corporation [O]
There are presently around $31,849 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 $3.48 billion in O stocks shares; and STATE STREET CORP, currently with $2.54 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 February and at the time of the February reporting period, where 575 institutional holders increased their position in Realty Income Corporation [NYSE:O] by around 38,967,777 shares. Additionally, 351 investors decreased positions by around 14,838,986 shares, while 158 investors held positions by with 394,259,637 shares. The mentioned changes placed institutional holdings at 448,066,400 shares, according to the latest SEC report filing. O stock had 104 new institutional investments in for a total of 3,303,277 shares, while 73 institutional investors sold positions of 2,258,312 shares during the same period.