Realty Income (NYSE:O) Trading Down 1% – Here’s What Happened

Realty Income Co. (NYSE:O)’s stock price was down 1% during mid-day trading on Wednesday . The company traded as low as $56.41 and last traded at $56.36. Approximately 835,176 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 4,955,029 shares. The stock had previously closed at $56.96.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Scotiabank cut their price objective on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Stifel Nicolaus cut their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price on the stock. Royal Bank of Canada dropped their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Finally, Barclays upped their price objective on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $62.04.

Realty Income Trading Down 0.9 %

The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The business’s 50-day moving average price is $55.28 and its 200 day moving average price is $57.60. The company has a market cap of $50.33 billion, a P/E ratio of 53.76, a P/E/G ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last posted its quarterly 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). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. As a group, analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.2685 per share. The ex-dividend date is Tuesday, April 1st. This represents a dividend yield of 5.7%. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s dividend payout ratio (DPR) is 328.57%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in O. Wealth Enhancement Advisory Services LLC boosted its position in shares of Realty Income by 69.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 253,399 shares of the real estate investment trust’s stock valued at $13,534,000 after acquiring an additional 104,126 shares during the period. Wood Tarver Financial Group LLC acquired a new stake in Realty Income in the 4th quarter worth about $124,000. Castle Rock Wealth Management LLC grew its position in shares of Realty Income by 4.3% during the 4th quarter. Castle Rock Wealth Management LLC now owns 31,592 shares of the real estate investment trust’s stock worth $1,721,000 after purchasing an additional 1,309 shares in the last quarter. Comprehensive Money Management Services LLC bought a new position in shares of Realty Income during the fourth quarter worth approximately $320,000. Finally, Siemens Fonds Invest GmbH raised its position in shares of Realty Income by 39.9% in the fourth quarter. Siemens Fonds Invest GmbH now owns 15,303 shares of the real estate investment trust’s stock valued at $817,000 after buying an additional 4,365 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

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.