Realty Income (NYSE:O) Shares Down 0.6% – What’s Next?

Realty Income Co. (NYSE:O)’s share price was down 0.6% on Friday . The company traded as low as $55.61 and last traded at $56.12. Approximately 2,679,974 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 4,968,242 shares. The stock had previously closed at $56.46.

Analyst Ratings Changes

A number of research firms have recently commented on O. Barclays lifted their target price on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Scotiabank cut their target price on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. Stifel Nicolaus cut their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target on the stock. Finally, BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a report on Tuesday, February 25th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $62.04.

Realty Income Stock Performance

The stock’s 50-day moving average price is $55.44 and its 200-day moving average price is $57.58. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market capitalization of $50.06 billion, a price-to-earnings ratio of 53.53, a P/E/G ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. As a group, equities research analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.2685 per share. This represents a dividend yield of 5.7%. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date of this dividend is Tuesday, April 1st. Realty Income’s dividend payout ratio (DPR) is presently 328.57%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of O. Empowered Funds LLC raised its position in shares of Realty Income by 2.9% during the 3rd quarter. Empowered Funds LLC now owns 15,101 shares of the real estate investment trust’s stock worth $954,000 after purchasing an additional 428 shares during the last quarter. Pathstone Holdings LLC raised its position in shares of Realty Income by 14.0% during the 3rd quarter. Pathstone Holdings LLC now owns 76,316 shares of the real estate investment trust’s stock worth $4,840,000 after purchasing an additional 9,358 shares during the last quarter. Caprock Group LLC raised its position in shares of Realty Income by 28.1% during the 3rd quarter. Caprock Group LLC now owns 8,687 shares of the real estate investment trust’s stock worth $551,000 after purchasing an additional 1,904 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its position in shares of Realty Income by 77.3% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 11,567 shares of the real estate investment trust’s stock worth $734,000 after purchasing an additional 5,043 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Realty Income during the 3rd quarter worth approximately $1,437,000. 70.81% of the stock is currently 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.