Realty Income (NYSE:O) Trading Down 0.9% Following Analyst Downgrade

Shares of Realty Income Co. (NYSE:O) traded down 0.9% during trading on Wednesday after Barclays lowered their price target on the stock from $59.00 to $58.00. Barclays currently has an equal weight rating on the stock. Realty Income traded as low as $57.84 and last traded at $57.99. 1,539,124 shares changed hands during trading, a decline of 71% from the average session volume of 5,253,708 shares. The stock had previously closed at $58.52.

Several other equities research analysts have also recently weighed in on O. Royal Bank of Canada dropped their price target on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Scotiabank reduced their price target on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Mizuho upped their price target on Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday, April 3rd. BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a research report on Tuesday, February 25th. Finally, Stifel Nicolaus decreased their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Realty Income currently has an average rating of “Hold” and a consensus price target of $62.35.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Lee Danner & Bass Inc. purchased a new stake in Realty Income during the 4th quarter valued at $28,000. Hopwood Financial Services Inc. purchased a new stake in shares of Realty Income during the fourth quarter valued at $29,000. Sierra Ocean LLC bought a new stake in Realty Income in the 4th quarter worth about $32,000. PSI Advisors LLC lifted its stake in Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 252 shares during the period. Finally, Millstone Evans Group LLC purchased a new stake in shares of Realty Income during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The business’s 50 day moving average price is $56.41 and its 200 day moving average price is $56.47. The stock has a market capitalization of $51.84 billion, a P/E ratio of 55.36, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Sell-side analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The business also recently declared a may 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.2685 dividend. This represents a yield of 6%. The ex-dividend date of this dividend is Thursday, May 1st. Realty Income’s payout ratio is 328.57%.

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.