Realty Income (NYSE:O) Trading Down 1% – Should You Sell?

Realty Income Co. (NYSE:O)’s share price was down 1% on Tuesday . The company traded as low as $55.85 and last traded at $55.99. Approximately 1,186,299 shares were traded during trading, a decline of 77% from the average daily volume of 5,177,478 shares. The stock had previously closed at $56.58.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Royal Bank of Canada lowered their price objective on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. JPMorgan Chase & Co. lowered their price target on Realty Income from $64.00 to $61.00 and set a “neutral” rating for the company in a report on Monday, May 5th. UBS Group cut their price objective on shares of Realty Income from $64.00 to $62.00 and set a “buy” rating on the stock in a report on Tuesday, May 13th. Scotiabank raised their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Monday, May 12th. Finally, BNP Paribas lowered shares of 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 issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $61.15.

Realty Income Trading Down 0.7%

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’s 50-day simple moving average is $56.21 and its two-hundred day simple moving average is $55.59. The stock has a market capitalization of $50.76 billion, a price-to-earnings ratio of 53.53, a PEG ratio of 2.10 and a beta of 0.78.

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

Realty Income Dividend Announcement

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

Institutional Trading of Realty Income

A number of hedge funds have recently made changes to their positions in O. Vanguard Group Inc. boosted its position in Realty Income by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust’s stock valued at $8,267,084,000 after buying an additional 3,274,853 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Realty Income by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust’s stock worth $1,253,584,000 after acquiring an additional 658,240 shares in the last quarter. Northern Trust Corp boosted its holdings in Realty Income by 41.2% in the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust’s stock valued at $701,792,000 after purchasing an additional 3,834,403 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Realty Income by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 12,108,561 shares of the real estate investment trust’s stock valued at $702,381,000 after purchasing an additional 451,307 shares in the last quarter. Finally, Norges Bank purchased a new stake in Realty Income during the 4th quarter worth approximately $624,666,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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.