Realty Income (NYSE:O) Trading Down 1.6%

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on O shares. 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. Royal Bank of Canada boosted their price target on Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, January 11th. BMO Capital Markets started 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. StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $60.96.

Realty Income Stock Down 1.6 %

The company has a market capitalization of $43.74 billion, a P/E ratio of 40.32, a PEG ratio of 5.36 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 stock has a 50 day moving average price of $52.55 and a 200 day moving average price of $53.34.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 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 during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company posted $1.00 earnings per share. The firm’s revenue was up 21.1% on a year-over-year basis. On average, research analysts anticipate that Realty Income Co. will post 4.16 earnings per share for the current fiscal 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 related 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 sale, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 O. Compass Wealth Management LLC acquired a new stake in Realty Income during the 4th quarter worth about $25,000. American National Bank acquired a new stake in Realty Income during the 4th quarter worth about $25,000. Vima LLC acquired a new stake in Realty Income during the 4th quarter worth about $25,000. Dagco Inc. acquired a new stake in Realty Income during the 4th quarter worth about $28,000. Finally, Baystate Wealth Management LLC boosted its position in shares of 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. 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.