Realty Income (NYSE:O) Shares Down 1%

Shares of Realty Income Co. (NYSE:O) traded down 1% on Wednesday . The company traded as low as $61.90 and last traded at $62.16. 846,816 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 5,890,142 shares. The stock had previously closed at $62.81.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on O shares. Morgan Stanley reissued an “equal weight” rating and issued a $62.00 price objective on shares of Realty Income in a research note on Tuesday, August 6th. JPMorgan Chase & Co. raised their price objective on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Wedbush assumed coverage on Realty Income in a research report on Monday, August 19th. They set a “neutral” rating and a $64.00 price objective for the company. KeyCorp started coverage on Realty Income in a report on Wednesday, June 12th. They set a “sector weight” rating on the stock. Finally, Wells Fargo & Company boosted their price target on Realty Income from $57.00 to $62.00 and gave the stock an “equal weight” rating in a report on Monday, August 26th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and an average target price of $62.38.

Realty Income Price Performance

The company has a 50-day moving average of $58.89 and a two-hundred day moving average of $55.16. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $54.47 billion, a PE ratio of 57.56, a P/E/G ratio of 4.64 and a beta of 0.99.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the company earned $1.00 earnings per share. The company’s revenue was up 31.4% on a year-over-year basis. Sell-side analysts predict that Realty Income Co. will post 3.93 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently disclosed a oct 24 dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be issued a dividend of $0.2635 per share. Realty Income’s payout ratio is 292.59%.

Insider Buying and Selling

In other news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the transaction, the director now directly owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Realty Income by 18.3% in the first quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock worth $7,290,982,000 after buying an additional 20,848,560 shares during the period. Legal & General Group Plc lifted its position in Realty Income by 4.5% during the 2nd quarter. Legal & General Group Plc now owns 12,258,468 shares of the real estate investment trust’s stock worth $647,492,000 after acquiring an additional 531,008 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Realty Income by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,682,105 shares of the real estate investment trust’s stock worth $617,043,000 after acquiring an additional 413,865 shares during the period. Daiwa Securities Group Inc. grew its position in Realty Income by 2.2% in the first quarter. Daiwa Securities Group Inc. now owns 9,214,683 shares of the real estate investment trust’s stock valued at $498,514,000 after acquiring an additional 196,635 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Realty Income during the fourth quarter valued at approximately $506,526,000. 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.