Realty Income (NYSE:O) Shares Down 0%

Realty Income Co. (NYSE:O - Get Free Report)'s stock price dropped 0% on Friday . The stock traded as low as $54.88 and last traded at $55.17. Approximately 1,009,661 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 6,650,987 shares. The stock had previously closed at $55.19.

Analyst Upgrades and Downgrades

O has been the topic of several analyst reports. BMO Capital Markets began coverage on shares of Realty Income in a report on Tuesday, February 13th. They issued a "market perform" rating and a $57.00 target price on the stock. Scotiabank raised their price objective on shares of Realty Income from $54.00 to $56.00 and gave the stock a "sector perform" rating in a report on Thursday. Stifel Nicolaus cut their price objective on shares of Realty Income from $67.75 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, February 21st. StockNews.com raised shares of Realty Income from a "sell" rating to a "hold" rating in a report on Thursday, February 8th. Finally, Mizuho raised their price objective on shares of Realty Income from $56.00 to $59.00 and gave the stock a "buy" rating in a report on Friday, May 10th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $61.38.

Realty Income Trading Down 0.1 %

The business's 50-day moving average is $53.32 and its two-hundred day moving average is $53.95. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a market capitalization of $48.02 billion, a PE ratio of 51.08, a price-to-earnings-growth ratio of 5.69 and a beta of 0.92.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $1.03 by ($0.87). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The firm had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter last year, the business earned $0.98 earnings per share. The business's quarterly revenue was up 33.5% on a year-over-year basis. As a group, equities research analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently disclosed a jun 24 dividend, which will be paid on Friday, June 14th. Investors of record on Monday, June 3rd will be given a $0.2625 dividend. Realty Income's dividend payout ratio (DPR) is 285.19%.

Insiders Place Their Bets

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business's stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the sale, the director now directly owns 6,257 shares in the company, valued at approximately $339,317.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company's stock.

Institutional Investors Weigh In On Realty Income

Several institutional investors and hedge funds have recently made changes to their positions in O. Vanguard Group Inc. boosted its position in shares of Realty Income by 18.3% in the 1st quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust's stock worth $7,290,982,000 after buying an additional 20,848,560 shares in the last quarter. Norges Bank acquired a new position in Realty Income in the 4th quarter valued at about $506,526,000. Principal Financial Group Inc. raised its stake 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 last quarter. Cbre Investment Management Listed Real Assets LLC raised its stake 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 last quarter. Finally, GRS Advisors LLC acquired a new position in Realty Income in the 4th quarter valued at about $58,843,000. 70.81% of the stock is currently owned by hedge funds and other 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.