Realty Income (NYSE:O) Trading Down 1.6%

Realty Income Co. (NYSE:O)’s share price traded down 1.6% on Wednesday . The stock traded as low as $50.78 and last traded at $50.80. 7,121,465 shares were traded during trading, an increase of 35% from the average session volume of 5,285,635 shares. The stock had previously closed at $51.65.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. BMO Capital Markets assumed coverage on Realty Income in a research note on Tuesday, February 13th. They set a “market perform” rating and a $57.00 target price on the stock. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Stifel Nicolaus dropped their price objective on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Royal Bank of Canada boosted their price objective on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, January 11th. Finally, Mizuho dropped their price objective on Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and an average target price of $60.96.

Realty Income Stock Down 1.6 %

The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market cap of $43.74 billion, a PE ratio of 40.32, a P/E/G ratio of 5.36 and a beta of 0.92. The business has a fifty day moving average price of $52.55 and a two-hundred day moving average price of $53.34.

Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the firm posted $1.00 EPS. The business’s quarterly revenue was up 21.1% compared to the same quarter last year. On average, analysts anticipate that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.257 per share. The ex-dividend date is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio is 244.45%.

Insider Activity

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the transaction, the director now owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of O. Harbour Investments Inc. grew its stake in shares of Realty Income by 2.8% in the 4th quarter. Harbour Investments Inc. now owns 5,888 shares of the real estate investment trust’s stock valued at $373,000 after purchasing an additional 160 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of Realty Income by 13.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,522 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 185 shares during the period. Baystate Wealth Management LLC grew its stake in shares of Realty Income by 62.7% in the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 190 shares during the period. Vestcor Inc grew its stake in shares of Realty Income by 0.4% in the 2nd quarter. Vestcor Inc now owns 48,121 shares of the real estate investment trust’s stock valued at $2,877,000 after purchasing an additional 191 shares during the period. Finally, First Affirmative Financial Network grew its stake in shares of Realty Income by 2.1% in the 1st quarter. First Affirmative Financial Network now owns 9,828 shares of the real estate investment trust’s stock valued at $532,000 after purchasing an additional 201 shares during the period. 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.