Realty Income (NYSE:O) Shares Down 0.3% – Here’s Why

Realty Income Co. (NYSE:O)’s share price was down 0.3% during trading on Monday . The company traded as low as $58.10 and last traded at $58.14. Approximately 1,075,124 shares traded hands during trading, a decline of 81% from the average daily volume of 5,737,983 shares. The stock had previously closed at $58.32.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on O shares. Mizuho boosted their price target on shares of Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday, April 3rd. Royal Bank of Canada lowered their price target on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a research report on Tuesday, February 25th. Barclays raised their price objective on Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Finally, Stifel Nicolaus decreased their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Eleven equities research 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 company currently has a consensus rating of “Hold” and an average target price of $62.42.

Realty Income Stock Down 1.5 %

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 business’s 50-day simple moving average is $56.19 and its 200 day simple moving average is $56.48. The firm has a market cap of $51.23 billion, a PE ratio of 54.71, a P/E/G ratio of 2.10 and a beta of 0.79.

Realty Income (NYSE:O) last announced its 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 company had revenue of $1.34 billion for the quarter, compared to the consensus estimate 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 expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lee Danner & Bass Inc. purchased a new stake in shares of Realty Income during the fourth quarter valued at $28,000. Hopwood Financial Services Inc. purchased a new stake in Realty Income during the 4th quarter valued at about $29,000. Sierra Ocean LLC acquired a new position in shares of Realty Income in the fourth quarter valued at about $32,000. PSI Advisors LLC raised its stake in shares of Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 252 shares during the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in shares of Realty Income during the fourth quarter worth about $34,000. 70.81% of the stock is currently owned by hedge funds and other 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.