Realty Income Corporation (NYSE:O – Get Free Report)’s stock price dropped 1.8% during mid-day trading on Thursday . The company traded as low as $63.66 and last traded at $64.3810. 5,564,767 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 6,105,910 shares. The stock had previously closed at $65.54.
Key Realty Income News
Here are the key news stories impacting Realty Income this week:
- Positive Sentiment: Realty Income is viewed favorably compared with Simon Property because of its steadier cash flow, broad property diversification, monthly dividend payments and lower forward valuation. Realty Income vs. Simon Property: Which REIT Is the Better Buy Now?
- Positive Sentiment: The company’s roughly 30-year record of dividend increases and ownership of properties in prime locations continue to support its appeal as an income-focused investment. However, investors are being cautioned not to rely solely on the monthly dividend and to consider the underlying growth outlook. Realty Income (O): Should You Buy Only For Monthly Dividends?
- Neutral Sentiment: Realty Income has outperformed the broader market year to date, but Wall Street’s ratings remain only cautiously optimistic. The stock’s recovery raises expectations for the next earnings release and leaves less room for disappointing guidance or results. Realty Income Stock: Analyst Estimates & Ratings
- Negative Sentiment: The Aug. 5 earnings report could create near-term volatility. Investors will likely focus on funds from operations, acquisition activity, occupancy, interest costs and whether full-year guidance supports the stock’s recent gains. Should You Buy Realty Income Stock Before Aug. 5?
- Neutral Sentiment: Recent articles about Cloud Capital’s data-center financing and American Assets Trust’s quarterly results do not involve Realty Income directly and are unlikely to materially affect O’s valuation.
Analyst Upgrades and Downgrades
O has been the subject of several recent research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Realty Income in a report on Wednesday, July 8th. Huntington assumed coverage on shares of Realty Income in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $70.00 price objective for the company. Robert W. Baird raised their target price on Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, July 6th. Mizuho reduced their price target on Realty Income from $68.00 to $66.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada increased their price target on Realty Income from $70.00 to $71.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $67.11.
Realty Income Stock Performance
The company has a market cap of $60.03 billion, a PE ratio of 52.77, a PEG ratio of 5.13 and a beta of 0.72. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The firm’s 50 day moving average is $62.67 and its 200-day moving average is $62.90.
Realty Income (NYSE:O – Get Free Report) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.03. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.06 EPS. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. On average, research analysts anticipate that Realty Income Corporation will post 4.45 earnings per share for the current fiscal year.
Realty Income Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be paid a $0.271 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. Realty Income’s dividend payout ratio (DPR) is 266.39%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of O. Vanguard Group Inc. raised its position in Realty Income by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust’s stock valued at $8,478,910,000 after purchasing an additional 684,949 shares during the period. Sound Income Strategies LLC increased its position in shares of Realty Income by 8.2% during the 4th quarter. Sound Income Strategies LLC now owns 352,918 shares of the real estate investment trust’s stock worth $21,676,000 after purchasing an additional 26,890 shares during the last quarter. LDR Capital Management LLC raised its holdings in Realty Income by 117.6% in the 4th quarter. LDR Capital Management LLC now owns 29,285 shares of the real estate investment trust’s stock valued at $1,651,000 after buying an additional 15,825 shares during the period. Danske Bank A S lifted its position in Realty Income by 20.3% in the fourth quarter. Danske Bank A S now owns 568,121 shares of the real estate investment trust’s stock valued at $32,025,000 after buying an additional 95,773 shares during the last quarter. Finally, World Investment Advisors boosted its stake in Realty Income by 68.8% during the fourth quarter. World Investment Advisors now owns 220,836 shares of the real estate investment trust’s stock worth $12,449,000 after buying an additional 90,023 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.
Realty Income Company Profile
Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.
Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.
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