Realty Income (NYSE:O) Trading Down 0.6%

Realty Income Co. (NYSE:O) shares traded down 0.6% on Thursday . The company traded as low as $52.88 and last traded at $53.34. 1,182,557 shares changed hands during trading, a decline of 83% from the average session volume of 6,776,473 shares. The stock had previously closed at $53.67.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus lowered their price target on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. BMO Capital Markets started coverage on shares of Realty Income in a report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 target price on the stock. StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Royal Bank of Canada boosted their target price 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. Finally, Mizuho decreased their target price on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $60.96.

Realty Income Stock Down 0.1 %

The business’s 50 day moving average price is $52.65 and its 200-day moving average price is $53.48. The firm has a market capitalization of $46.26 billion, a PE ratio of 42.64, a P/E/G ratio of 5.58 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28.

Realty Income (NYSE:O) last announced 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 analysts’ expectations of $1.02 billion. During the same period in the previous year, the company earned $1.00 earnings per share. Realty Income’s quarterly revenue was up 21.1% on a year-over-year basis. As a group, equities research analysts forecast that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Dividend Announcement

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

Insider Buying and Selling

In related news, Director A. Larry Chapman sold 5,000 shares of the company’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 transaction of $271,150.00. Following the sale, the director now directly owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Baystate Wealth Management LLC grew its holdings 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 acquiring an additional 190 shares in the last quarter. WASHINGTON TRUST Co boosted its holdings in shares of Realty Income by 65.7% in the 1st quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 197 shares in the last quarter. Essex Financial Services Inc. boosted its holdings in shares of Realty Income by 1.5% in the 1st quarter. Essex Financial Services Inc. now owns 13,420 shares of the real estate investment trust’s stock valued at $726,000 after buying an additional 199 shares in the last quarter. First Affirmative Financial Network boosted its holdings in shares of 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 buying an additional 201 shares in the last quarter. Finally, Peapack Gladstone Financial Corp boosted its holdings in shares of Realty Income by 0.3% in the 4th quarter. Peapack Gladstone Financial Corp now owns 66,389 shares of the real estate investment trust’s stock valued at $3,812,000 after buying an additional 204 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

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.