Realty Income (NYSE:O) Stock Price Down 0.5%

Realty Income Co. (NYSE:O)’s share price was down 0.5% during mid-day trading on Monday . The stock traded as low as $51.71 and last traded at $51.75. Approximately 1,331,480 shares changed hands during trading, a decline of 81% from the average daily volume of 6,886,606 shares. The stock had previously closed at $52.02.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on O shares. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Mizuho decreased their price objective on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Stifel Nicolaus decreased their price objective on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Royal Bank of Canada raised their price objective 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. Finally, BMO Capital Markets initiated coverage on shares of Realty Income in a report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and an average price target of $60.96.

Realty Income Price Performance

The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The business’s fifty day moving average is $52.55 and its 200 day moving average is $53.34. The firm has a market capitalization of $43.75 billion, a P/E ratio of 40.33, a P/E/G ratio of 5.36 and a beta of 0.92.

Realty Income (NYSE:O) last released its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) 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 firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. The firm’s revenue was up 21.1% compared to the same quarter last year. As a group, analysts forecast that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Dividend Announcement

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

Insiders Place Their Bets

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business’s 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 completion of the sale, the director now directly owns 6,257 shares of the company’s stock, valued at $339,317.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Realty Income

Several large investors have recently bought and sold shares of O. Vanguard Group Inc. raised its stake in shares of Realty Income by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 113,920,054 shares of the real estate investment trust’s stock valued at $6,541,290,000 after buying an additional 3,046,630 shares in the last quarter. Morgan Stanley raised its stake in shares of Realty Income by 13.6% in the 4th quarter. Morgan Stanley now owns 18,951,549 shares of the real estate investment trust’s stock valued at $1,202,097,000 after buying an additional 2,273,591 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Realty Income by 0.6% in the 1st quarter. Geode Capital Management LLC now owns 14,441,280 shares of the real estate investment trust’s stock worth $912,560,000 after purchasing an additional 86,340 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Realty Income by 7.8% in the 1st quarter. JPMorgan Chase & Co. now owns 11,447,342 shares of the real estate investment trust’s stock worth $724,847,000 after purchasing an additional 829,227 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Realty Income by 18.0% in the 4th quarter. Legal & General Group Plc now owns 10,485,003 shares of the real estate investment trust’s stock worth $602,049,000 after purchasing an additional 1,602,590 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

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.