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

Shares of Realty Income Co. (NYSE:O) traded down 0.5% during mid-day trading on Wednesday . The stock traded as low as $54.53 and last traded at $54.74. 1,308,167 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 6,775,396 shares. The stock had previously closed at $55.02.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on O. Stifel Nicolaus cut their target price on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Royal Bank of Canada increased their price objective 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 boosted their target price on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday. StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Finally, BMO Capital Markets assumed coverage on shares of Realty Income in a research note 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $61.21.

Realty Income Stock Up 0.3 %

The company has a market cap of $47.17 billion, a price-to-earnings ratio of 50.58, a PEG ratio of 5.73 and a beta of 0.92. The business has a fifty day moving average of $52.99 and a two-hundred day moving average of $53.74. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.87). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the company earned $0.98 EPS. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. As a group, equities analysts anticipate that Realty Income Co. will post 4.16 EPS for the current fiscal 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. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a yield of 5.9%. Realty Income’s payout ratio is 285.19%.

Insiders Place Their Bets

In other news, Director A. Larry Chapman sold 5,000 shares of the company’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 transaction, the director now owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Realty Income

Hedge funds have recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp raised its position in Realty Income by 8.6% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 432,111 shares of the real estate investment trust’s stock valued at $23,375,000 after purchasing an additional 34,040 shares in the last quarter. Centersquare Investment Management LLC grew its holdings in Realty Income by 14.9% during the 1st quarter. Centersquare Investment Management LLC now owns 6,824,420 shares of the real estate investment trust’s stock worth $365,379,000 after acquiring an additional 885,852 shares in the last quarter. Mizuho Markets Americas LLC raised its holdings in shares of Realty Income by 100.1% in the 1st quarter. Mizuho Markets Americas LLC now owns 182,478 shares of the real estate investment trust’s stock valued at $9,872,000 after purchasing an additional 91,291 shares in the last quarter. M&G Plc acquired a new position in shares of Realty Income during the first quarter worth $286,000. Finally, Banco Santander S.A. raised its stake in Realty Income by 41.5% in the first quarter. Banco Santander S.A. now owns 18,672 shares of the real estate investment trust’s stock valued at $1,010,000 after buying an additional 5,478 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.