Realty Income (NYSE:O) Stock Price Down 1.1%

Realty Income Co. (NYSE:O)’s stock price fell 1.1% during trading on Monday . The company traded as low as $59.88 and last traded at $59.90. 855,918 shares were traded during trading, a decline of 86% from the average session volume of 6,132,005 shares. The stock had previously closed at $60.57.

Analyst Ratings Changes

O has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their price objective on shares of Realty Income from $65.00 to $67.50 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Royal Bank of Canada increased their price objective on Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Morgan Stanley reaffirmed an “equal weight” rating and set a $62.00 target price on shares of Realty Income in a research note on Tuesday, August 6th. UBS Group increased their price target on shares of Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, Scotiabank increased their target price on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Realty Income has a consensus rating of “Hold” and a consensus price target of $61.57.

Realty Income Stock Down 0.2 %

The firm’s 50 day moving average price is $55.49 and its 200-day moving average price is $53.97. The company has a market cap of $52.39 billion, a P/E ratio of 55.94, a price-to-earnings-growth ratio of 5.05 and a beta of 0.96. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The business’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.00 EPS. As a group, equities research analysts expect that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Announces Dividend

The firm also recently declared a aug 24 dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be issued a dividend of $0.263 per share. This represents a yield of 5.7%. The ex-dividend date of this dividend is Thursday, August 1st. Realty Income’s payout ratio is currently 291.67%.

Hedge Funds Weigh In On Realty Income

Large investors have recently modified their holdings of the stock. International Assets Investment Management LLC grew its stake in Realty Income by 86.2% during the fourth quarter. International Assets Investment Management LLC now owns 10,844 shares of the real estate investment trust’s stock worth $623,000 after buying an additional 5,020 shares in the last quarter. Clarius Group LLC acquired a new position in shares of Realty Income during the fourth quarter worth $212,000. Graypoint LLC grew its position in shares of Realty Income by 11.3% in the 4th quarter. Graypoint LLC now owns 5,285 shares of the real estate investment trust’s stock valued at $303,000 after buying an additional 536 shares during the last quarter. Simplicity Solutions LLC lifted its stake in shares of Realty Income by 13.7% in the fourth quarter. Simplicity Solutions LLC now owns 22,021 shares of the real estate investment trust’s stock worth $1,264,000 after acquiring an additional 2,657 shares during the period. Finally, Louisiana State Employees Retirement System bought a new stake in Realty Income in the fourth quarter valued at approximately $2,515,000. 70.81% of the stock is owned by institutional investors.

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.