Realty Income (NYSE:O) Trading Down 0.4%

Realty Income Co. (NYSE:O)’s share price traded down 0.4% during trading on Monday . The company traded as low as $57.69 and last traded at $57.82. 680,344 shares traded hands during trading, a decline of 89% from the average session volume of 6,084,454 shares. The stock had previously closed at $58.07.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. KeyCorp started coverage on Realty Income in a report on Wednesday, June 12th. They set a “sector weight” rating on the stock. Mizuho increased their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Scotiabank raised their target price on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. Finally, UBS Group upped their price target on shares of Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $61.88.

Realty Income Stock Performance

The stock has a 50 day moving average of $54.08 and a 200 day moving average of $53.75. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. The firm has a market cap of $50.83 billion, a price-to-earnings ratio of 54.05, a P/E/G ratio of 5.07 and a beta of 0.96.

Realty Income (NYSE:O) last issued its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.87). The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.15 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. Realty Income’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 earnings per share. As a group, analysts anticipate that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently declared a aug 24 dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a $0.263 dividend. The ex-dividend date is Thursday, August 1st. This represents a dividend yield of 5.7%. Realty Income’s payout ratio is 292.59%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. American National Bank acquired a new position in shares of Realty Income during the fourth quarter worth $25,000. Vima LLC acquired a new position in Realty Income in the 4th quarter worth about $25,000. Pacifica Partners Inc. raised its position in Realty Income by 444.4% in the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 400 shares during the last quarter. WASHINGTON TRUST Co boosted its stake in shares of Realty Income by 65.7% during the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 197 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Realty Income during the first quarter worth about $27,000. Institutional investors own 70.81% of the company’s stock.

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.