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

Realty Income Co. (NYSE:O - Get Free Report)'s share price dropped 0.1% on Tuesday . The company traded as low as $53.70 and last traded at $53.98. Approximately 1,224,470 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 6,751,685 shares. The stock had previously closed at $54.05.

Wall Street Analyst Weigh In

O has been the topic of a number of analyst reports. Mizuho cut their price target on Realty Income from $60.00 to $56.00 and set a "buy" rating on the stock in a research note on Thursday, March 7th. StockNews.com upgraded Realty Income from a "sell" rating to a "hold" rating in a research report on Thursday, February 8th. Royal Bank of Canada lifted their target price on Realty Income from $58.00 to $60.00 and gave the stock an "outperform" rating in a research report 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 report on Wednesday, February 21st. Finally, BMO Capital Markets assumed coverage on Realty Income in a research report on Tuesday, February 13th. They set a "market perform" rating and a $57.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $60.96.

Realty Income Stock Performance

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 has a market capitalization of $46.11 billion, a price-to-earnings ratio of 42.49, a P/E/G ratio of 5.57 and a beta of 0.92. The stock's 50-day moving average price is $52.71 and its 200-day moving average price is $53.57.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.72). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.00 earnings per share. As a group, equities research analysts expect that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Dividend Announcement

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

Insider Buying and Selling

In related news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the transaction, the director now directly owns 6,257 shares of the company's stock, valued at approximately $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.10% of the company's stock.

Institutional Trading of Realty Income

Large investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Realty Income during the fourth quarter valued at about $506,526,000. Vanguard Group Inc. grew its stake in shares of Realty Income by 3.9% during the third 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 acquiring an additional 4,172,231 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Realty Income by 107.1% during the fourth 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 acquiring an additional 2,560,597 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC grew its stake in shares of Realty Income by 213.3% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,171,853 shares of the real estate investment trust's stock valued at $124,708,000 after acquiring an additional 1,478,577 shares in the last quarter. Finally, GRS Advisors LLC bought a new position in shares of Realty Income during the fourth quarter worth about $58,843,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

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.