Realty Income (NYSE:O) Stock Price Down 1.3% – Here’s Why

Realty Income Corporation (NYSE:O) shares traded down 1.3% on Tuesday . The stock traded as low as $63.96 and last traded at $64.0940. 6,708,995 shares changed hands during mid-day trading, an increase of 5% from the average session volume of 6,372,107 shares. The stock had previously closed at $64.92.

Wall Street Analysts Forecast Growth

O has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Cantor Fitzgerald boosted their target price on shares of Realty Income from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, February 27th. Evercore restated a “positive” rating on shares of Realty Income in a research report on Wednesday, February 25th. Morgan Stanley raised their price target on Realty Income from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 24th. Finally, Barclays boosted their price objective on Realty Income from $65.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $66.61.

Realty Income Trading Down 1.3%

The firm’s 50 day moving average is $64.00 and its 200 day moving average is $60.47. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $59.76 billion, a PE ratio of 54.78, a PEG ratio of 4.40 and a beta of 0.79.

Realty Income (NYSE:O) last posted its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.08. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Realty Income had a net margin of 18.41% and a return on equity of 2.68%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. On average, equities analysts anticipate that Realty Income Corporation will post 4.45 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 30th will be paid a dividend of $0.2705 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) annualized dividend and a yield of 5.1%. Realty Income’s dividend payout ratio (DPR) is currently 277.78%.

Insider Buying and Selling

In other Realty Income news, insider Michelle Bushore sold 7,400 shares of the company’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $62.42, for a total value of $461,908.00. Following the transaction, the insider directly owned 67,641 shares in the company, valued at $4,222,151.22. This represents a 9.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. EFG International AG purchased a new stake in Realty Income in the fourth quarter valued at approximately $26,000. Stance Capital LLC bought a new position in Realty Income in the third quarter valued at $27,000. Evolution Wealth Management Inc. raised its position in Realty Income by 257.1% during the fourth quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 360 shares in the last quarter. Quattro Advisors LLC purchased a new stake in Realty Income during the fourth quarter valued at about $29,000. Finally, Strengthening Families & Communities LLC lifted its stake in Realty Income by 586.1% during the third quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 422 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

About Realty Income

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.