Realty Income (NYSE:O) Stock Price Down 0.5%

Realty Income Co. (NYSE:O - Get Free Report) shares fell 0.5% during mid-day trading on Wednesday . The company traded as low as $54.53 and last traded at $54.74. 1,308,167 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 6,775,396 shares. The stock had previously closed at $55.02.

Wall Street Analyst Weigh In

A number of analysts have commented on O shares. BMO Capital Markets initiated coverage on shares of Realty Income in a research note on Tuesday, February 13th. They set a "market perform" rating and a $57.00 price target for the company. StockNews.com raised shares of Realty Income from a "sell" rating to a "hold" rating in a research report on Thursday, February 8th. Royal Bank of Canada boosted their price objective on Realty Income from $58.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, January 11th. Stifel Nicolaus lowered their price objective on Realty Income from $67.75 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, February 21st. Finally, Mizuho cut their target price on Realty Income from $60.00 to $56.00 and set a "buy" rating on the stock in a research report on Thursday, March 7th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $60.96.

Realty Income Trading Down 0.4 %

The firm has a 50-day moving average price of $52.94 and a 200-day moving average price of $53.74. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $47.17 billion, a PE ratio of 50.72, a price-to-earnings-growth ratio of 5.73 and a beta of 0.92.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data 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). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm posted $0.98 EPS. The business's revenue was up 33.5% on a year-over-year basis. As a group, equities analysts forecast that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently disclosed 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 of this dividend is Tuesday, April 30th. This represents a yield of 5.9%. Realty Income's payout ratio is 285.19%.

Insiders Place Their Bets

In related 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 value of $271,150.00. Following the completion of the sale, the director now owns 6,257 shares of the company's stock, valued at approximately $339,317.11. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Realty Income in the fourth quarter worth about $506,526,000. Vanguard Group Inc. lifted its stake in Realty Income by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust's stock worth $5,537,019,000 after purchasing an additional 4,172,231 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Realty Income by 107.1% in 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 purchasing an additional 2,560,597 shares during the period. Cbre Investment Management Listed Real Assets LLC boosted its holdings in Realty Income by 213.3% in the 4th 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 purchasing an additional 1,478,577 shares during the period. Finally, GRS Advisors LLC purchased a new position in shares of Realty Income during the 4th quarter valued at $58,843,000. 70.81% of the stock is owned by institutional investors.

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.