Realty Income (NYSE:O) Stock Price Down 0.6% – Here’s Why

Realty Income Co. (NYSE:O) shares traded down 0.6% during mid-day trading on Friday . The stock traded as low as $55.28 and last traded at $56.71. 3,891,007 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 5,162,803 shares. The stock had previously closed at $57.06.

Analyst Ratings Changes

Several equities research analysts have commented on O shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective on the stock. BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research note on Tuesday, February 25th. Barclays upped their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Mizuho lifted their target price on shares of Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, 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 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. Based on data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and a consensus price target of $62.42.

Realty Income Trading Down 3.4 %

The stock has a market cap of $49.15 billion, a PE ratio of 52.49, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a 50-day moving average price of $56.03 and a 200-day moving average price of $57.08.

Realty Income (NYSE:O) last posted 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 the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. As a group, equities analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $0.2685 dividend. The ex-dividend date is Tuesday, April 1st. This represents a dividend yield of 5.7%. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s payout ratio is presently 328.57%.

Institutional Trading of Realty Income

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