Realty Income (NYSE:O) Shares Down 0.9%

Realty Income Co. (NYSE:OGet Free Report)’s share price traded down 0.9% during mid-day trading on Friday . The stock traded as low as $53.13 and last traded at $53.76. 1,090,035 shares were traded during trading, a decline of 83% from the average session volume of 6,477,764 shares. The stock had previously closed at $54.26.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on O. BMO Capital Markets assumed coverage on shares of Realty Income in a report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 target price for the company. Mizuho increased 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. Stifel Nicolaus dropped their target price on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. UBS Group decreased their price target on Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a report on Friday, May 31st. Finally, Scotiabank boosted their price objective on shares of Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research note on Thursday, May 16th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.35.

View Our Latest Stock Report on O

Realty Income Price Performance

The firm has a market cap of $46.43 billion, a PE ratio of 49.37, a price-to-earnings-growth ratio of 4.75 and a beta of 0.94. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65. The company has a 50 day moving average price of $53.51 and a 200 day moving average price of $54.26.

Realty Income (NYSE:OGet Free Report) last posted its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. The firm’s revenue for the quarter was up 33.5% compared to the same quarter last year. On average, sell-side analysts expect that Realty Income Co. will post 4.18 EPS for the current year.

Realty Income Increases Dividend

The firm also recently announced a jun 24 dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.2625 per share. This is an increase from Realty Income’s previous jun 24 dividend of $0.26. This represents a yield of 5.7%. The ex-dividend date is Monday, June 3rd. Realty Income’s dividend payout ratio (DPR) is 291.67%.

Insider Buying and Selling at Realty Income

In other Realty Income 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 transaction of $271,150.00. Following the sale, the director now owns 6,257 shares in the company, valued at approximately $339,317.11. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in O. American National Bank acquired a new stake in shares of Realty Income during the fourth quarter worth $25,000. Vima LLC acquired a new stake in Realty Income in the 4th quarter worth about $25,000. Manchester Capital Management LLC grew its holdings in Realty Income by 423.0% in the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 423 shares during the period. WASHINGTON TRUST Co increased its stake in shares of Realty Income by 65.7% during the 1st 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 last quarter. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Realty Income during the 1st quarter worth about $27,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Company Profile

(Get Free Report)

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.

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