Realty Income (NYSE:O) Stock Price Down 0.1%

Realty Income Co. (NYSE:O) traded down 0.1% during mid-day trading on Friday . The stock traded as low as $53.51 and last traded at $53.75. 1,380,044 shares changed hands during trading, a decline of 80% from the average session volume of 6,753,436 shares. The stock had previously closed at $53.80.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of Realty Income in a research report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 target price for the company. 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 research report on Thursday, January 11th. StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. 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. Finally, Mizuho cut their target price on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research 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 stock. Based on data from MarketBeat, Realty Income has a consensus rating of “Hold” and a consensus price target of $60.96.

Realty Income Trading Down 0.2 %

The firm has a market capitalization of $46.25 billion, a P/E ratio of 42.63, a price-to-earnings-growth ratio of 5.58 and a beta of 0.92. The stock’s 50-day simple moving average is $52.65 and its two-hundred day simple moving average is $53.50. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28.

Realty Income (NYSE:O) last posted its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. 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 earned $1.00 earnings per share. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. Equities research analysts expect that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Announces Dividend

The business also recently announced 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 dividend yield of 5.9%. Realty Income’s dividend payout ratio is 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 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 completion of the transaction, the director now owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Realty Income

Hedge funds have recently bought and sold shares of the business. American National Bank purchased a new stake in Realty Income during the fourth quarter valued at $25,000. Vima LLC purchased a new stake in Realty Income during the fourth quarter valued at $25,000. Manchester Capital Management LLC raised its stake in shares of Realty Income by 423.0% in the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 423 shares during the period. WASHINGTON TRUST Co raised its stake in shares of Realty Income by 65.7% in the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 197 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Realty Income in the first quarter valued at $27,000. Hedge funds and other institutional investors 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.