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

Realty Income Co. (NYSE:O)’s share price dropped 0.1% during trading on Friday . The stock 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 several research reports. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Royal Bank of Canada upped their target price on Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, January 11th. Mizuho cut their price target on Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. BMO Capital Markets initiated coverage on Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price target for the company. Finally, Stifel Nicolaus cut their price target on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Realty Income has a consensus rating of “Hold” and a consensus price target of $60.96.

Realty Income Stock Down 0.2 %

The firm has a 50 day simple moving average of $52.62 and a two-hundred day simple moving average of $53.45. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $46.25 billion, a P/E ratio of 42.66, a PEG ratio of 5.57 and a beta of 0.92.

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 the consensus estimate of $1.02 by ($0.72). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company earned $1.00 earnings per share. The firm’s revenue for the quarter was up 21.1% on a year-over-year basis. On average, equities research analysts expect that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.257 dividend. This represents a dividend yield of 5.9%. The ex-dividend date is Tuesday, April 30th. Realty Income’s payout ratio is 244.45%.

Insider Activity

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

Institutional Trading of Realty Income

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Yousif Capital Management LLC grew its holdings in Realty Income by 12.6% during the 1st quarter. Yousif Capital Management LLC now owns 265,828 shares of the real estate investment trust’s stock worth $14,381,000 after acquiring an additional 29,841 shares during the period. YHB Investment Advisors Inc. acquired a new stake in Realty Income during the 1st quarter worth about $33,000. SlateStone Wealth LLC acquired a new stake in Realty Income during the 1st quarter worth about $579,000. ZWJ Investment Counsel Inc. acquired a new stake in Realty Income during the 1st quarter worth about $1,545,000. Finally, Virginia Wealth Management Group Inc. grew its holdings in Realty Income by 17.4% during the 1st quarter. Virginia Wealth Management Group Inc. now owns 34,653 shares of the real estate investment trust’s stock worth $1,875,000 after acquiring an additional 5,126 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

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.