Realty Income (NYSE:O) Shares Down 0.1% – What’s Next?

Realty Income Co. (NYSE:O)’s share price dropped 0.1% during trading on Tuesday . The stock traded as low as $56.00 and last traded at $56.19. Approximately 674,044 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 5,209,595 shares. The stock had previously closed at $56.25.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Royal Bank of Canada decreased their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. UBS Group reduced their price objective on shares of Realty Income from $64.00 to $62.00 and set a “buy” rating on the stock in a research note on Tuesday, May 13th. Barclays reaffirmed an “overweight” rating on shares of Realty Income in a report on Tuesday, April 22nd. Mizuho upped 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. Finally, BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target for the company. in a research report on Tuesday, February 25th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Realty Income currently has an average rating of “Hold” and a consensus target price of $61.15.

Realty Income Stock Performance

The stock has a market cap of $50.82 billion, a P/E ratio of 53.52, a P/E/G ratio of 2.10 and a beta of 0.78. The firm has a 50 day moving average of $56.30 and a two-hundred day moving average of $55.68. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.06. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Realty Income’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 earnings per share. On average, research analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently disclosed a jun 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.2685 per share. This represents a yield of 5.8%. The ex-dividend date is Monday, June 2nd. Realty Income’s dividend payout ratio is 292.73%.

Institutional Trading of Realty Income

A number of institutional investors and hedge funds have recently modified their holdings of O. Norges Bank bought a new position in Realty Income in the fourth quarter valued at approximately $624,666,000. Raymond James Financial Inc. bought a new position in Realty Income in the 4th quarter valued at approximately $553,572,000. Northern Trust Corp raised its holdings in Realty Income by 41.2% in the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust’s stock valued at $701,792,000 after buying an additional 3,834,403 shares during the last quarter. Nuveen LLC acquired a new stake in Realty Income during the 1st quarter worth approximately $207,573,000. Finally, Vanguard Group Inc. grew its holdings in Realty Income by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust’s stock worth $8,267,084,000 after acquiring an additional 3,274,853 shares during the last quarter. 70.81% of the stock is 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.