Realty Income (NYSE:O) Trading Down 3.1% – Here’s Why

Realty Income Co. (NYSE:O)’s share price fell 3.1% during trading on Monday . The stock traded as low as $52.48 and last traded at $53.46. 3,862,569 shares were traded during trading, a decline of 26% from the average session volume of 5,196,460 shares. The stock had previously closed at $55.15.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective on the stock. Mizuho lifted their price target on Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a report on Thursday, April 3rd. Royal Bank of Canada reduced 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. Stifel Nicolaus lowered their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, Scotiabank reduced their price target on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Realty Income has an average rating of “Hold” and an average price target of $62.42.

Realty Income Stock Performance

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 company’s 50-day moving average price is $55.88 and its two-hundred day moving average price is $56.89. The company has a market cap of $48.20 billion, a P/E ratio of 51.48, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79.

Realty Income (NYSE:O) last posted 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). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. As a group, equities analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

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

Institutional Investors Weigh In On Realty Income

A number of large investors have recently made changes to their positions in the company. Lee Danner & Bass Inc. purchased a new position in Realty Income during the 4th quarter valued at about $28,000. Hopwood Financial Services Inc. purchased a new position in Realty Income during the fourth quarter valued at approximately $29,000. Sierra Ocean LLC acquired a new position in shares of Realty Income in the fourth quarter worth $32,000. Millstone Evans Group LLC acquired a new stake in Realty Income during the fourth quarter valued at $34,000. Finally, Fourth Dimension Wealth LLC purchased a new position in Realty Income in the fourth quarter valued at about $34,000. Institutional investors and hedge funds 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.