Realty Income (NYSE:O) Stock Price Down 1.6%

Shares of Realty Income Co. (NYSE:O - Get Free Report) dropped 1.6% during mid-day trading on Wednesday . The company traded as low as $50.78 and last traded at $50.80. Approximately 7,121,465 shares traded hands during mid-day trading, an increase of 35% from the average daily volume of 5,285,635 shares. The stock had previously closed at $51.65.

Analyst Upgrades and Downgrades

O has been the topic of a number of recent research reports. Royal Bank of Canada raised their target price on Realty Income from $58.00 to $60.00 and gave the company an "outperform" rating in a research note on Thursday, January 11th. Stifel Nicolaus cut their target price on Realty Income from $67.75 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, February 21st. BMO Capital Markets started coverage on Realty Income in a research note on Tuesday, February 13th. They issued a "market perform" rating and a $57.00 target price on the stock. Mizuho cut their price objective on shares of Realty Income from $60.00 to $56.00 and set a "buy" rating on the stock in a research note on Thursday, March 7th. Finally, StockNews.com upgraded shares of Realty Income from a "sell" rating to a "hold" rating in a research note on Thursday, February 8th. Eight 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.com, Realty Income has an average rating of "Hold" and a consensus target price of $60.96.

Realty Income Price Performance

The stock has a 50 day moving average of $52.51 and a two-hundred day moving average of $53.33. The stock has a market cap of $44.15 billion, a PE ratio of 40.69, a PEG ratio of 5.36 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.

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

Realty Income Dividend Announcement

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

Insider Buying and Selling

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the transaction, the director now owns 6,257 shares of the company's stock, valued at approximately $339,317.11. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Realty Income

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Realty Income during the 4th quarter valued at about $506,526,000. Moneta Group Investment Advisors LLC lifted its holdings in shares of Realty Income by 100,285.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,624,121 shares of the real estate investment trust's stock valued at $547,028,000 after buying an additional 8,615,530 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Realty Income by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust's stock valued at $5,537,019,000 after buying an additional 4,172,231 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Realty Income by 107.1% during the 4th quarter. Principal Financial Group Inc. now owns 4,951,020 shares of the real estate investment trust's stock valued at $284,288,000 after buying an additional 2,560,597 shares during the last quarter. Finally, Scharf Investments LLC acquired a new stake in shares of Realty Income during the 3rd quarter valued at about $122,526,000. Hedge funds and other 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.