Realty Income (NYSE:O) Stock Price Down 0.1%

Realty Income Co. (NYSE:O) shares were down 0.1% during mid-day trading on Friday . The stock traded as low as $53.51 and last traded at $53.75. Approximately 1,380,044 shares changed hands during trading, a decline of 80% from the average daily volume of 6,753,436 shares. The stock had previously closed at $53.80.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus reduced their target price on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Mizuho dropped their price target on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Royal Bank of Canada lifted their price target on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, January 11th. BMO Capital Markets began coverage on shares of Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price objective for the company. Finally, StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $60.96.

Realty Income Stock Performance

The firm has a market capitalization of $46.25 billion, a PE ratio of 42.66, a price-to-earnings-growth ratio of 5.57 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28. The company’s fifty day moving average price is $52.62 and its two-hundred day moving average price is $53.45.

Realty Income (NYSE:O) last posted its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.72). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the business posted $1.00 EPS. The company’s quarterly revenue was up 21.1% on a year-over-year basis. As a group, equities analysts expect that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.257 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a yield of 5.9%. Realty Income’s payout ratio is 244.45%.

Insider Activity

In other news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the sale, the director now owns 6,257 shares of the company’s stock, valued at $339,317.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Realty Income

A number of hedge funds have recently added to or reduced their stakes in the business. American National Bank bought a new stake in shares of Realty Income during the fourth quarter valued at about $25,000. Vima LLC bought a new stake in Realty Income in the fourth quarter worth about $25,000. Manchester Capital Management LLC raised its position in Realty Income by 423.0% in the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 423 shares in the last quarter. WASHINGTON TRUST Co raised its position in Realty Income by 65.7% in the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 197 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new stake in Realty Income in the first quarter worth about $27,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

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.