Realty Income (NYSE:O) Trading Down 0.4% Following Weak Earnings

Realty Income Co. (NYSE:O)’s stock price was down 0.4% during mid-day trading on Tuesday after the company announced weaker than expected quarterly earnings. The company traded as low as $55.01 and last traded at $55.22. Approximately 1,282,110 shares changed hands during trading, a decline of 81% from the average daily volume of 6,780,162 shares. The stock had previously closed at $55.45.

The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.15 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. Realty Income’s quarterly revenue was up 33.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.98 EPS.

Realty Income Dividend Announcement

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

Wall Street Analyst Weigh In

O has been the topic of several recent research reports. Mizuho cut their price objective on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. BMO Capital Markets assumed coverage on Realty Income in a report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price target on the stock. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Royal Bank of Canada lifted their target price on Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, January 11th. Finally, Stifel Nicolaus lowered their price target on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $60.96.

Insider Transactions at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 6,257 shares of the company’s stock, valued at $339,317.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Realty Income

Several institutional investors and hedge funds have recently bought and sold shares of the business. Capital Square LLC boosted its position in Realty Income by 1.9% during the first quarter. Capital Square LLC now owns 49,238 shares of the real estate investment trust’s stock worth $2,664,000 after purchasing an additional 901 shares during the period. Meeder Advisory Services Inc. boosted its holdings in shares of Realty Income by 12.0% during the 1st quarter. Meeder Advisory Services Inc. now owns 9,605 shares of the real estate investment trust’s stock worth $520,000 after buying an additional 1,032 shares during the period. Sei Investments Co. grew its stake in Realty Income by 18.4% in the 1st quarter. Sei Investments Co. now owns 3,392,395 shares of the real estate investment trust’s stock valued at $183,529,000 after buying an additional 527,361 shares during the last quarter. Chilton Capital Management LLC raised its holdings in Realty Income by 19.1% in the 1st quarter. Chilton Capital Management LLC now owns 4,533 shares of the real estate investment trust’s stock worth $246,000 after acquiring an additional 728 shares during the period. Finally, Keudell Morrison Wealth Management boosted its holdings in Realty Income by 78.3% during the first quarter. Keudell Morrison Wealth Management now owns 8,503 shares of the real estate investment trust’s stock valued at $460,000 after acquiring an additional 3,734 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Trading Down 0.8 %

The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $47.38 billion, a price-to-earnings ratio of 43.67, a P/E/G ratio of 5.73 and a beta of 0.92. The company has a 50-day moving average price of $52.94 and a 200-day moving average price of $53.74.

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.