Realty Income (NYSE:O) Shares Down 0.8% - Here's Why

Realty Income Co. (NYSE:O - Get Free Report) dropped 0.8% on Thursday . The company traded as low as $54.64 and last traded at $54.83. Approximately 1,157,605 shares changed hands during trading, a decline of 79% from the average daily volume of 5,596,830 shares. The stock had previously closed at $55.25.

Analyst Ratings Changes

A number of equities analysts have commented on the company. JPMorgan Chase & Co. lowered their price objective on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Scotiabank boosted their price objective 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. BNP Paribas cut Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target on the stock. in a report on Tuesday, February 25th. Mizuho boosted their price objective on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Finally, UBS Group reduced their price target on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Realty Income currently has a consensus rating of "Hold" and a consensus price target of $61.15.

Realty Income Trading Down 0.4%

The firm has a market cap of $49.68 billion, a P/E ratio of 52.39, a PEG 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. The stock has a 50 day moving average of $56.28 and a 200 day moving average of $55.69.

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

Realty Income Announces Dividend

The business also recently declared 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 of this dividend is Monday, June 2nd. Realty Income's dividend payout ratio (DPR) is currently 292.73%.

Institutional Trading of Realty Income

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Realty Income by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock valued at $8,267,084,000 after acquiring an additional 3,274,853 shares in the last quarter. Geode Capital Management LLC lifted its stake in Realty Income by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock valued at $1,253,584,000 after acquiring an additional 658,240 shares during the period. Northern Trust Corp lifted its stake in Realty Income by 41.2% during the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock valued at $701,792,000 after acquiring an additional 3,834,403 shares during the period. Dimensional Fund Advisors LP lifted its stake in Realty Income by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 12,108,561 shares of the real estate investment trust's stock valued at $702,381,000 after acquiring an additional 451,307 shares during the period. Finally, Norges Bank bought a new position in Realty Income during the fourth quarter valued at approximately $624,666,000. 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.

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