Realty Income (NYSE:O) Stock Price Down 1.2% - What's Next?

Realty Income Corporation (NYSE:O - Get Free Report)'s stock price traded down 1.2% on Wednesday . The company traded as low as $57.07 and last traded at $57.30. 1,589,483 shares traded hands during trading, a decline of 70% from the average session volume of 5,213,144 shares. The stock had previously closed at $57.98.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on O shares. UBS Group cut their target price on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Royal Bank Of Canada dropped their price objective 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. JPMorgan Chase & Co. reduced their price objective on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Monday, May 5th. BNP Paribas downgraded shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price for the company. in a research report on Tuesday, February 25th. Finally, Stifel Nicolaus raised their price target on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Realty Income currently has a consensus rating of "Hold" and a consensus target price of $61.15.

Realty Income Stock Performance

The company has a debt-to-equity ratio of 0.69, a current ratio of 1.74 and a quick ratio of 1.74. The company's fifty day moving average price is $56.80 and its 200 day moving average price is $55.62. The company has a market cap of $51.57 billion, a PE ratio of 51.92, a P/E/G ratio of 4.05 and a beta of 0.76.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the business posted $1.03 EPS. The company's revenue for the quarter was up 9.5% on a year-over-year basis. On average, equities research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently declared a jul 25 dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be given a dividend of $0.269 per share. This represents a dividend yield of 5.6%. This is an increase from Realty Income's previous jul 25 dividend of $0.27. The ex-dividend date is Tuesday, July 1st. Realty Income's dividend payout ratio (DPR) is presently 292.73%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. N.E.W. Advisory Services LLC increased its stake 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 purchasing an additional 186 shares during the last quarter. Associated Banc Corp grew its holdings in Realty Income by 1.9% during the first quarter. Associated Banc Corp now owns 10,252 shares of the real estate investment trust's stock valued at $595,000 after purchasing an additional 192 shares during the period. Westbourne Investments Inc. grew its holdings in Realty Income by 3.9% during the first quarter. Westbourne Investments Inc. now owns 5,300 shares of the real estate investment trust's stock valued at $307,000 after purchasing an additional 200 shares during the period. Smith Moore & CO. increased its position in Realty Income by 4.8% in the fourth quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock worth $237,000 after buying an additional 201 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of Realty Income by 11.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust's stock valued at $115,000 after buying an additional 218 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.

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.