Realty Income (NYSE:O) Shares Down 0.8%

Realty Income Co. (NYSE:O) traded down 0.8% on Tuesday . The stock traded as low as $52.61 and last traded at $52.76. 876,939 shares traded hands during trading, a decline of 86% from the average session volume of 6,269,199 shares. The stock had previously closed at $53.16.

Wall Street Analyst Weigh In

O has been the topic of several recent research reports. UBS Group cut their target price on Realty Income from $67.00 to $61.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Scotiabank lifted their target price on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. KeyCorp began coverage on Realty Income in a report on Wednesday, June 12th. They set a “sector weight” rating on the stock. Finally, Mizuho lifted their price objective on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Realty Income has a consensus rating of “Hold” and a consensus price target of $61.35.

Realty Income Stock Up 2.7 %

The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $47.89 billion, a PE ratio of 50.93, a P/E/G ratio of 4.63 and a beta of 0.96. The stock has a 50-day moving average of $53.48 and a 200 day moving average of $53.89.

Realty Income (NYSE:O) last announced its quarterly earnings data 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 net margin of 17.74% and a return on equity of 3.26%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the company posted $0.98 earnings per share. Realty Income’s revenue for the quarter was up 33.5% on a year-over-year basis. Sell-side analysts anticipate that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Dividend Announcement

The business also recently declared a aug 24 dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be issued a $0.263 dividend. This represents a dividend yield of 5.7%. The ex-dividend date is Thursday, August 1st. Realty Income’s payout ratio is currently 292.59%.

Institutional Investors Weigh In On Realty Income

Institutional investors and hedge funds have recently made changes to their positions in the business. American National Bank purchased a new stake in shares of Realty Income in the fourth quarter worth $25,000. Vima LLC purchased a new stake in Realty Income during the fourth quarter valued at about $25,000. Pacifica Partners Inc. raised its position in Realty Income by 444.4% during the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 400 shares in the last quarter. WASHINGTON TRUST Co raised its position in Realty Income by 65.7% during the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 197 shares in the last quarter. Finally, Northwest Investment Counselors LLC purchased a new stake in Realty Income during the first quarter valued at about $27,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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.