Stocks of Realty Income Corp (NYSE:O) traded higher last session on Wall Street, up 0.61% to $58.11.
O stock price is now 6.74% away from the 50-day moving average and 2.02% away from the 200-day moving average. The market capitalization of the company currently stands at $51.81B.
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With the price target maintained at $61, Exane BNP Paribas recently Downgraded its rating from Outperform to Neutral for Realty Income Corp (NYSE: O). On December 17, 2024, Barclays recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $59, while ‘Deutsche Bank’ rates the stock as ‘Hold’
In other news, McLaughlin Gregory, Director sold 1,250 shares of the company’s stock on Dec 03 ’24. The stock was sold for $70,212 at an average price of $56.17. Upon completion of the transaction, the Director now directly owns 34,636 shares in the company, valued at $2.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 03 ’24, Director McLaughlin Gregory bought 1,250 shares of the business’s stock. A total of $70,212 was incurred on buying the stock at an average price of $56.17. A total of 0.14% of the company’s stock is owned by insiders.
During the past 12 months, Realty Income Corp has had a low of $50.09 and a high of $64.70.
The net profit margin was 15.99% and return on equity was 2.40% for O. The company reported revenue of $1.34 billion for the quarter, compared to $1.08 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.53 percent.
