Realty Income (NYSE:O) Shares Down 0.4% – Here’s What Happened

Realty Income Co. (NYSE:O)’s share price traded down 0.4% during mid-day trading on Thursday . The company traded as low as $53.67 and last traded at $53.77. 1,928,573 shares were traded during mid-day trading, a decline of 63% from the average session volume of 5,280,973 shares. The stock had previously closed at $53.98.

Wall Street Analysts Forecast Growth

O has been the subject of several research analyst reports. Barclays upped their price target on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Scotiabank reduced their target price on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. Mizuho lifted their price target on Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday, April 3rd. Stifel Nicolaus reduced their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada lowered their target price on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $62.42.

Realty Income Stock Up 1.8 %

The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The business has a 50 day simple moving average of $55.87 and a 200 day simple moving average of $56.70. The company has a market capitalization of $49.17 billion, a price-to-earnings ratio of 52.51, a PEG ratio of 2.10 and a beta of 0.79.

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

Realty Income Dividend Announcement

The business also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.2685 dividend. This represents a dividend yield of 6%. The ex-dividend date of this dividend is Thursday, May 1st. Realty Income’s payout ratio is presently 328.57%.

Institutional Investors Weigh In On Realty Income

A number of hedge funds and other institutional investors have recently modified their holdings of O. Wellington Management Group LLP boosted its holdings in Realty Income by 0.7% in the third quarter. Wellington Management Group LLP now owns 184,524 shares of the real estate investment trust’s stock valued at $11,703,000 after purchasing an additional 1,194 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of Realty Income in the 3rd quarter valued at $201,000. MML Investors Services LLC grew its position in shares of Realty Income by 1.1% in the 3rd quarter. MML Investors Services LLC now owns 104,997 shares of the real estate investment trust’s stock valued at $6,659,000 after buying an additional 1,190 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Realty Income during the 3rd quarter worth $233,000. Finally, Sunbelt Securities Inc. lifted its position in Realty Income by 89.0% in the third quarter. Sunbelt Securities Inc. now owns 11,217 shares of the real estate investment trust’s stock valued at $711,000 after acquiring an additional 5,281 shares during the last quarter. 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.