Realty Income (NYSE:O) Trading Down 1.5% on Analyst Downgrade

Realty Income Co. (NYSE:O) fell 1.5% during trading on Thursday after UBS Group lowered their price target on the stock from $72.00 to $71.00. UBS Group currently has a buy rating on the stock. Realty Income traded as low as $55.88 and last traded at $56.02. 1,733,200 shares changed hands during trading, a decline of 69% from the average session volume of 5,662,339 shares. The stock had previously closed at $56.90.

Several other brokerages have also commented on O. Morgan Stanley reiterated an “equal weight” rating and set a $62.00 price target on shares of Realty Income in a research note on Tuesday, August 6th. JPMorgan Chase & Co. upped their target price on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Scotiabank lifted their price target on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 17th. Robert W. Baird increased their price objective on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Finally, Wedbush began coverage on shares of Realty Income in a report on Monday, August 19th. They issued a “neutral” rating and a $64.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $63.85.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the sale, the director now owns 5,257 shares in the company, valued at approximately $319,467.89. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction of $303,850.00. Following the transaction, the director now owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the sale, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Institutional Trading of Realty Income

Several institutional investors and hedge funds have recently bought and sold shares of the company. Pacifica Partners Inc. lifted its holdings 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 worth $26,000 after acquiring an additional 400 shares during the last quarter. Rosenberg Matthew Hamilton raised its position in shares of Realty Income by 75.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 211 shares during the period. MFA Wealth Advisors LLC bought a new stake in shares of Realty Income in the 2nd quarter worth approximately $33,000. Creative Capital Management Investments LLC boosted its position in Realty Income by 133.3% during the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 300 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new position in Realty Income during the 2nd quarter worth $42,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Performance

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 stock has a market capitalization of $49.14 billion, a P/E ratio of 53.35, a P/E/G ratio of 4.01 and a beta of 0.99. The stock has a 50 day moving average of $61.56 and a 200 day moving average of $57.98.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the business posted $1.02 EPS. Realty Income’s revenue for the quarter was up 28.1% compared to the same quarter last year. Equities analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be issued a $0.2635 dividend. This is a positive change from Realty Income’s previous monthly dividend of $0.24. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $3.16 annualized dividend and a dividend yield of 5.63%. Realty Income’s dividend payout ratio is 300.96%.

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.