Realty Income (NYSE:O) Shares Down 1% – Here’s Why

Realty Income Co. (NYSE:O)’s share price traded down 1% during trading on Wednesday . The stock traded as low as $56.41 and last traded at $56.36. 835,176 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 4,955,029 shares. The stock had previously closed at $56.96.

Analyst Upgrades and Downgrades

Several analysts have issued reports on O shares. Stifel Nicolaus lowered their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective on the stock. Barclays lifted their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. Scotiabank dropped their target price on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. Finally, Royal Bank of Canada dropped their price objective on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $62.04.

Realty Income Stock Performance

The firm has a market cap of $49.71 billion, a PE ratio of 53.11, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The company has a 50 day simple moving average of $55.44 and a 200-day simple moving average of $57.58. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. As a group, equities research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $0.2685 dividend. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s payout ratio is 328.57%.

Hedge Funds Weigh In On Realty Income

Several institutional investors and hedge funds have recently bought and sold shares of O. Raymond James Financial Inc. purchased a new position in shares of Realty Income in the fourth quarter valued at about $553,572,000. Trust Co. of Vermont increased its holdings in Realty Income by 12.7% during the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock valued at $13,540,000 after purchasing an additional 28,480 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Realty Income by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock valued at $617,028,000 after purchasing an additional 463,286 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Realty Income by 27.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust’s stock valued at $40,656,000 after purchasing an additional 166,178 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in Realty Income by 6.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust’s stock worth $93,850,000 after buying an additional 101,184 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Realty Income 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 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.