Realty Income (NYSE:O) Trading Down 0.1% – Here’s Why

Realty Income Co. (NYSE:O)’s share price was down 0.1% on Tuesday . The stock traded as low as $56.02 and last traded at $56.22. Approximately 906,772 shares changed hands during trading, a decline of 82% from the average daily volume of 4,993,201 shares. The stock had previously closed at $56.28.

Wall Street Analysts Forecast Growth

O has been the subject of several recent analyst reports. Barclays raised their target price on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective for the company. in a research report on Tuesday, February 25th. Stifel Nicolaus decreased their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Scotiabank cut their price target on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. Finally, Royal Bank of Canada reduced their price objective 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. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Realty Income has an average rating of “Hold” and an average price target of $62.04.

Realty Income Price Performance

The stock has a market capitalization of $50.08 billion, a price-to-earnings ratio of 53.50, a P/E/G ratio of 2.10 and a beta of 1.00. The company has a fifty day simple moving average of $55.72 and a 200 day simple moving average of $57.37. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O) last released its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share 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 analyst estimates of $1.28 billion. Equities research analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $0.2685 per share. This represents a dividend yield of 5.7%. The ex-dividend date is Tuesday, April 1st. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s payout ratio is presently 328.57%.

Institutional Trading of Realty Income

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. bought a new stake in shares of Realty Income during the fourth quarter valued at approximately $28,000. Hopwood Financial Services Inc. bought a new stake in Realty Income during the 4th quarter valued at $29,000. Sierra Ocean LLC acquired a new position in Realty Income during the fourth quarter worth $32,000. Millstone Evans Group LLC bought a new position in shares of Realty Income in the fourth quarter valued at $34,000. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Realty Income in the fourth quarter valued at $34,000. 70.81% of the stock is owned by institutional investors.

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.