Realty Income (NYSE:O) Stock Price Down 0.4% – Time to Sell?

Realty Income Co. (NYSE:O)’s share price fell 0.4% during trading on Thursday . The company traded as low as $53.67 and last traded at $53.77. 1,928,573 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 5,280,973 shares. The stock had previously closed at $53.98.

Wall Street Analyst Weigh In

Several research firms have commented on O. Mizuho lifted their price objective on shares of Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday, April 3rd. Royal Bank of Canada reduced their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Scotiabank dropped their target price 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. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target on the stock. Finally, Stifel Nicolaus dropped their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Realty Income currently has an average rating of “Hold” and an average target price of $62.42.

Realty Income Trading Up 0.7 %

The company has a market capitalization of $48.49 billion, a PE ratio of 51.71, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79. 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 company’s fifty day moving average is $55.86 and its 200-day moving average is $56.82.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.28 billion. On average, analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lee Danner & Bass Inc. acquired a new position in shares of Realty Income in the 4th quarter valued at $28,000. Hopwood Financial Services Inc. purchased a new position in shares of Realty Income in the fourth quarter worth about $29,000. Sierra Ocean LLC acquired a new stake in shares of Realty Income during the fourth quarter worth about $32,000. Millstone Evans Group LLC purchased a new stake in Realty Income in the fourth quarter valued at approximately $34,000. Finally, Fourth Dimension Wealth LLC acquired a new position in Realty Income in the 4th quarter worth approximately $34,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

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.