Realty Income (NYSE:O) Stock Price Down 0.3%

Realty Income Co. (NYSE:O) dropped 0.3% during trading on Tuesday . The company traded as low as $60.49 and last traded at $60.69. Approximately 644,338 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 6,073,553 shares. The stock had previously closed at $60.86.

Analysts Set New Price Targets

O has been the subject of a number of recent analyst reports. Mizuho upped their price objective on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a report on Friday, May 10th. Morgan Stanley reiterated an “equal weight” rating and issued a $62.00 price objective on shares of Realty Income in a report on Tuesday, August 6th. Robert W. Baird increased their price target on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. UBS Group increased their price target on Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, Stifel Nicolaus increased their price target on Realty Income from $65.00 to $67.50 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $61.73.

Realty Income Stock Performance

The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $52.73 billion, a P/E ratio of 56.19, a P/E/G ratio of 5.05 and a beta of 0.96. The stock has a fifty day moving average of $56.02 and a 200-day moving average of $54.12.

Realty Income (NYSE:O) last issued its quarterly earnings results 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). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the company posted $1.00 earnings per share. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. On average, research analysts anticipate that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Announces Dividend

The business also recently declared a sep 24 dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.263 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a yield of 5.2%. Realty Income’s dividend payout ratio (DPR) is presently 291.67%.

Institutional Trading of Realty Income

A number of hedge funds have recently made changes to their positions in the business. American National Bank bought a new position in shares of Realty Income during the fourth quarter worth approximately $25,000. Vima LLC bought a new position in shares of Realty Income during the fourth quarter worth approximately $25,000. Pacifica Partners Inc. increased its stake in shares of Realty Income by 444.4% during the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 400 shares during the period. WASHINGTON TRUST Co increased its stake in shares of Realty Income by 65.7% during the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 197 shares during the period. Finally, Northwest Investment Counselors LLC bought a new position in shares of Realty Income during the first quarter worth approximately $27,000. 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.