Realty Income (NYSE:O) Shares Down 0.5%

Shares of Realty Income Co. (NYSE:O) were down 0.5% during mid-day trading on Wednesday . The company traded as low as $54.53 and last traded at $54.74. Approximately 1,308,167 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 6,775,396 shares. The stock had previously closed at $55.02.

Analysts Set New Price Targets

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

Realty Income Price Performance

The company has a market capitalization of $47.18 billion, a price-to-earnings ratio of 43.55, a PEG ratio of 5.73 and a beta of 0.92. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The company has a 50 day moving average price of $52.94 and a 200 day moving average price of $53.74.

Realty Income (NYSE:O) last released its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The business’s revenue for the quarter was up 33.5% on a year-over-year basis. As a group, equities research analysts forecast that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Dividend Announcement

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

Insider Transactions at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the transaction, the director now directly owns 6,257 shares of the company’s stock, valued at $339,317.11. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Realty Income

Several large investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Realty Income during the fourth quarter worth about $506,526,000. Vanguard Group Inc. boosted its holdings in Realty Income by 3.9% during the third quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock worth $5,537,019,000 after purchasing an additional 4,172,231 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Realty Income by 107.1% during the fourth quarter. Principal Financial Group Inc. now owns 4,951,020 shares of the real estate investment trust’s stock worth $284,288,000 after purchasing an additional 2,560,597 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC grew its position in Realty Income by 213.3% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,171,853 shares of the real estate investment trust’s stock valued at $124,708,000 after purchasing an additional 1,478,577 shares in the last quarter. Finally, GRS Advisors LLC acquired a new stake in Realty Income in the 4th quarter valued at $58,843,000. Institutional investors own 70.81% of the company’s stock.

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.