Realty Income (NYSE:O) Stock Price Down 0.1%

Realty Income Co. (NYSE:O) shares dropped 0.1% on Friday . The company traded as low as $53.51 and last traded at $53.75. Approximately 1,380,044 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 6,753,436 shares. The stock had previously closed at $53.80.

Analysts Set New Price Targets

O has been the topic of a number of analyst reports. Mizuho lowered their target price on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Royal Bank of Canada upped their target price on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, January 11th. BMO Capital Markets initiated coverage on shares of Realty Income in a report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 target price on the stock. Stifel Nicolaus lowered their target price on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Finally, StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $60.96.

Realty Income Stock Performance

The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market cap of $46.25 billion, a PE ratio of 42.63, a price-to-earnings-growth ratio of 5.58 and a beta of 0.92. The company’s 50 day simple moving average is $52.65 and its 200 day simple moving average is $53.50.

Realty Income (NYSE:O) last released its 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 company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the company earned $1.00 earnings per share. The firm’s revenue was up 21.1% on a year-over-year basis. Analysts expect that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Dividend Announcement

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

Insider Buying and Selling

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

Institutional Trading of Realty Income

Institutional investors and hedge funds have recently bought and sold shares of the company. Oak Thistle LLC purchased a new stake in shares of Realty Income during the 3rd quarter valued at $520,000. Handelsbanken Fonder AB raised its position in shares of Realty Income by 12.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 320,168 shares of the real estate investment trust’s stock valued at $15,989,000 after buying an additional 34,835 shares in the last quarter. Ballentine Partners LLC raised its position in shares of Realty Income by 4.5% during the 3rd quarter. Ballentine Partners LLC now owns 7,522 shares of the real estate investment trust’s stock valued at $376,000 after buying an additional 324 shares in the last quarter. Trust Co. of Toledo NA OH raised its position in shares of Realty Income by 69.9% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 6,998 shares of the real estate investment trust’s stock valued at $349,000 after buying an additional 2,878 shares in the last quarter. Finally, Evanson Asset Management LLC purchased a new stake in shares of Realty Income during the 3rd quarter valued at $226,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

About Realty Income

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.