Realty Income (NYSE:O) Trading Down 0.4% – Here’s What Happened

Shares of Realty Income Co. (NYSE:O) fell 0.4% during mid-day trading on Friday . The company traded as low as $53.65 and last traded at $53.92. 1,122,560 shares were traded during mid-day trading, a decline of 79% from the average session volume of 5,279,454 shares. The stock had previously closed at $54.15.

Analysts Set New Price Targets

Several brokerages have recently issued reports on O. BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective for the company. in a research note on Tuesday, February 25th. Royal Bank of Canada decreased their price target on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Mizuho increased their price objective on shares of Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday, April 3rd. Scotiabank decreased their price objective on shares of 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. Finally, Barclays increased their target price on Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $62.42.

Realty Income Trading Up 1.8 %

The business has a 50-day moving average of $55.87 and a 200-day moving average of $56.70. The stock has a market capitalization of $49.17 billion, a price-to-earnings ratio of 52.51, a PEG ratio of 2.10 and a beta of 0.79. 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 announced its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. As a group, research analysts forecast that Realty Income Co. will post 4.19 EPS 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 issued a dividend of $0.2685 per share. This represents a dividend yield of 6%. The ex-dividend date is Thursday, May 1st. Realty Income’s dividend payout ratio is currently 328.57%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of O. Wellington Management Group LLP grew its position in Realty Income by 0.7% in the 3rd quarter. Wellington Management Group LLP now owns 184,524 shares of the real estate investment trust’s stock valued at $11,703,000 after buying an additional 1,194 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of Realty Income in the 3rd quarter worth $201,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Realty Income in the 3rd quarter worth $233,000. Arete Wealth Advisors LLC purchased a new stake in shares of Realty Income in the third quarter valued at about $393,000. Finally, Sanctuary Advisors LLC increased its stake in shares of Realty Income by 57.0% during the third quarter. Sanctuary Advisors LLC now owns 239,642 shares of the real estate investment trust’s stock worth $15,198,000 after acquiring an additional 86,979 shares during the period. 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.