Realty Income (NYSE:O) Shares Down 1% After Analyst Downgrade

Realty Income Co. (NYSE:O - Get Free Report) shares fell 1% during mid-day trading on Wednesday after UBS Group lowered their price target on the stock from $64.00 to $62.00. UBS Group currently has a buy rating on the stock. Realty Income traded as low as $54.40 and last traded at $54.52. 1,953,230 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 5,638,569 shares. The stock had previously closed at $55.06.

A number of other equities analysts also recently commented on O. Royal Bank of Canada reduced their target price on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Barclays restated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Mizuho lifted their target price on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. JPMorgan Chase & Co. reduced their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Finally, BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective on the stock. in a report on Tuesday, February 25th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $61.15.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Norges Bank acquired a new stake in shares of Realty Income during the 4th quarter valued at approximately $624,666,000. Raymond James Financial Inc. acquired a new stake in shares of Realty Income during the 4th quarter worth approximately $553,572,000. Northern Trust Corp increased its position in Realty Income by 41.2% in the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock worth $701,792,000 after buying an additional 3,834,403 shares during the period. Nuveen LLC acquired a new stake in Realty Income in the first quarter worth $207,573,000. Finally, Vanguard Group Inc. increased its position in Realty Income by 2.4% in the first quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock worth $8,267,084,000 after buying an additional 3,274,853 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Price Performance

The company has a 50-day simple moving average of $56.45 and a two-hundred day simple moving average of $55.84. The stock has a market capitalization of $49.34 billion, a price-to-earnings ratio of 52.02, a price-to-earnings-growth 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 earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.06. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Realty Income's revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share. On average, equities research analysts predict 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 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.2685 per share. This represents a yield of 5.8%. The ex-dividend date is Monday, June 2nd. Realty Income's payout ratio is 292.73%.

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.

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