Realty Income (NYSE:O) Shares Down 1% – Time to Sell?

Realty Income Co. (NYSE:O) dropped 1% on Tuesday . The stock traded as low as $56.85 and last traded at $57.15. Approximately 1,130,680 shares traded hands during trading, a decline of 79% from the average daily volume of 5,296,503 shares. The stock had previously closed at $57.74.

Wall Street Analyst Weigh In

Several brokerages have issued reports on O. Scotiabank lowered their target price on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective on the stock. Stifel Nicolaus cut their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a research report on Tuesday, February 25th. Finally, Barclays raised their price objective on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $62.04.

Realty Income Stock Down 1.8 %

The company has a market cap of $50.56 billion, a P/E ratio of 54.02, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The company has a 50 day moving average of $55.86 and a 200-day moving average of $57.21.

Realty Income (NYSE:O) last issued 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). The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. On average, equities analysts predict that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a $0.2685 dividend. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. This represents a dividend yield of 5.7%. The ex-dividend date is Tuesday, April 1st. Realty Income’s dividend payout ratio is presently 328.57%.

Institutional Investors Weigh In On Realty Income

A number of hedge funds have recently made changes to their positions in O. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Realty Income by 4.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 17,950 shares of the real estate investment trust’s stock worth $1,041,000 after buying an additional 692 shares during the period. First Financial Bank Trust Division grew its position in Realty Income by 4.0% during the 1st quarter. First Financial Bank Trust Division now owns 41,041 shares of the real estate investment trust’s stock worth $2,381,000 after acquiring an additional 1,589 shares during the last quarter. Wellington Management Group LLP increased its stake in Realty Income by 0.3% in the 4th quarter. Wellington Management Group LLP now owns 185,011 shares of the real estate investment trust’s stock worth $9,881,000 after purchasing an additional 487 shares during the period. Fairtree Asset Management Pty Ltd bought a new stake in Realty Income in the fourth quarter valued at approximately $1,265,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Realty Income by 69.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 253,399 shares of the real estate investment trust’s stock valued at $13,534,000 after purchasing an additional 104,126 shares during the period. 70.81% of the stock is currently 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.