Realty Income (NYSE:O) Trading Down 0.3% – What’s Next?

Shares of Realty Income Co. (NYSE:O) were down 0.3% during mid-day trading on Thursday . The company traded as low as $56.21 and last traded at $56.27. Approximately 892,224 shares changed hands during trading, a decline of 82% from the average daily volume of 4,957,280 shares. The stock had previously closed at $56.44.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Scotiabank cut 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. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price on the stock. Mizuho cut their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada cut their target price on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus cut their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $62.04.

Realty Income Price Performance

The company’s 50 day moving average is $55.52 and its 200 day moving average is $57.54. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $49.73 billion, a price-to-earnings ratio of 53.13, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 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 analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a $0.2685 dividend. 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. This represents a yield of 5.7%. Realty Income’s payout ratio is currently 328.57%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Empowered Funds LLC increased its stake in shares of Realty Income by 2.9% during the third quarter. Empowered Funds LLC now owns 15,101 shares of the real estate investment trust’s stock worth $954,000 after acquiring an additional 428 shares during the period. Pathstone Holdings LLC increased its stake in shares of Realty Income by 14.0% during the third quarter. Pathstone Holdings LLC now owns 76,316 shares of the real estate investment trust’s stock worth $4,840,000 after acquiring an additional 9,358 shares during the period. Caprock Group LLC increased its stake in shares of Realty Income by 28.1% during the third quarter. Caprock Group LLC now owns 8,687 shares of the real estate investment trust’s stock worth $551,000 after acquiring an additional 1,904 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Realty Income during the third quarter worth about $1,437,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Realty Income by 25.4% during the third quarter. PNC Financial Services Group Inc. now owns 137,716 shares of the real estate investment trust’s stock worth $8,734,000 after acquiring an additional 27,890 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

About Realty Income

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.