Realty Income (NYSE:O) Shares Down 1.6%

Realty Income Co. (NYSE:O) shares traded down 1.6% during trading on Wednesday . The stock traded as low as $50.78 and last traded at $50.80. 7,121,465 shares traded hands during trading, an increase of 35% from the average session volume of 5,285,635 shares. The stock had previously closed at $51.65.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on O. BMO Capital Markets started coverage on Realty Income in a research report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price target on the stock. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Royal Bank of Canada raised their price target on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, January 11th. 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 research note on Thursday, March 7th. Finally, Stifel Nicolaus cut their target price on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $60.96.

Realty Income Trading Up 1.4 %

The firm has a market cap of $44.80 billion, a PE ratio of 41.29, a P/E/G ratio of 5.32 and a beta of 0.92. 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 company’s 50-day moving average is $52.49 and its 200 day moving average is $53.32.

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

Realty Income Announces Dividend

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

Insider Activity

In related news, Director A. Larry Chapman sold 5,000 shares of the firm’s 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 of the company’s stock, valued at $339,317.11. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Realty Income

Institutional investors have recently added to or reduced their stakes in the stock. Harbour Investments Inc. raised its position in shares of Realty Income by 2.8% in the 4th quarter. Harbour Investments Inc. now owns 5,888 shares of the real estate investment trust’s stock valued at $373,000 after acquiring an additional 160 shares during the period. Parkside Financial Bank & Trust grew its stake in Realty Income by 13.8% in the second quarter. Parkside Financial Bank & Trust now owns 1,522 shares of the real estate investment trust’s stock valued at $91,000 after acquiring an additional 185 shares during the period. Baystate Wealth Management LLC increased its stake in Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 190 shares in the last quarter. Vestcor Inc raised its holdings in shares of Realty Income by 0.4% during the second quarter. Vestcor Inc now owns 48,121 shares of the real estate investment trust’s stock worth $2,877,000 after acquiring an additional 191 shares during the period. Finally, First Affirmative Financial Network lifted its position in Realty Income by 2.1% in the 1st quarter. First Affirmative Financial Network now owns 9,828 shares of the real estate investment trust’s stock valued at $532,000 after acquiring an additional 201 shares in the last quarter. 70.81% of the stock is 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.