Realty Income (NYSE:O) Shares Down 0% - What's Next?

Realty Income Co. (NYSE:O - Get Free Report) shares traded down 0% on Monday . The company traded as low as $55.90 and last traded at $56.22. 1,043,736 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 5,213,465 shares. The stock had previously closed at $56.24.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on O shares. JPMorgan Chase & Co. lowered their price objective on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Stifel Nicolaus increased their price objective on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Royal Bank of Canada cut their price target on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Scotiabank boosted their price target on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Finally, Mizuho lifted their target price on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $61.15.

Realty Income Stock Down 0.7%

The firm has a 50-day simple moving average of $56.31 and a 200 day simple moving average of $55.69. The stock has a market capitalization of $50.41 billion, a P/E ratio of 53.15, a P/E/G ratio of 2.10 and a beta of 0.78. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company's revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 earnings per share. On average, equities research analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The business also recently announced a jun 25 dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be issued a $0.2685 dividend. This represents a yield of 5.8%. The ex-dividend date is Monday, June 2nd. Realty Income's payout ratio is presently 292.73%.

Institutional Investors Weigh In On Realty Income

Institutional investors have recently modified their holdings of the company. Tcfg Wealth Management LLC grew its stake in Realty Income by 2.9% during the fourth quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust's stock worth $357,000 after purchasing an additional 186 shares during the period. N.E.W. Advisory Services LLC grew its position in shares of Realty Income by 1.2% during the 1st quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust's stock worth $899,000 after buying an additional 186 shares during the period. Associated Banc Corp increased its stake in shares of Realty Income by 1.9% in the 1st quarter. Associated Banc Corp now owns 10,252 shares of the real estate investment trust's stock valued at $595,000 after acquiring an additional 192 shares in the last quarter. Bay Rivers Group lifted its position in shares of Realty Income by 1.0% during the 4th quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust's stock valued at $1,103,000 after acquiring an additional 200 shares during the period. Finally, Smith Moore & CO. boosted its stake in Realty Income by 4.8% during the fourth quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock worth $237,000 after acquiring an additional 201 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

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.