Realty Income (NYSE:O) Stock Price Down 0.5% - Here's What Happened

Shares of Realty Income Co. (NYSE:O - Get Free Report) traded down 0.5% during mid-day trading on Thursday . The company traded as low as $56.31 and last traded at $56.46. 915,293 shares were traded during trading, a decline of 82% from the average session volume of 5,181,573 shares. The stock had previously closed at $56.74.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on O. Royal Bank of Canada lowered their price target on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Mizuho raised their price objective on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research note 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 report on Monday, May 5th. Wedbush reiterated a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a research note on Wednesday. Finally, Barclays reaffirmed an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $61.77.

Realty Income Trading Up 0.9 %

The firm has a market capitalization of $50.61 billion, a price-to-earnings ratio of 54.05, a P/E/G ratio of 2.10 and a beta of 0.78. The firm's 50-day moving average is $56.55 and its 200 day moving average is $55.93. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O - Get Free Report) last posted 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 business 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%. Realty Income's revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 EPS. On average, equities analysts predict that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.2685 dividend. This represents a yield of 6%. The ex-dividend date is Thursday, May 1st. Realty Income's dividend payout ratio is currently 292.73%.

Hedge Funds Weigh In On Realty Income

A number of institutional investors have recently made changes to their positions in the stock. Keynote Financial Services LLC bought a new stake in shares of Realty Income in the first quarter worth about $420,000. Ontario Teachers Pension Plan Board boosted its position in shares of Realty Income by 326.4% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 19,109 shares of the real estate investment trust's stock worth $1,109,000 after purchasing an additional 14,628 shares in the last quarter. Deutsche Bank AG increased its stake in Realty Income by 28.7% during the 1st quarter. Deutsche Bank AG now owns 2,301,849 shares of the real estate investment trust's stock valued at $133,530,000 after purchasing an additional 512,886 shares in the last quarter. Roof Eidam Maycock Peralta LLC purchased a new position in shares of Realty Income in the first quarter worth $383,000. Finally, Chicago Partners Investment Group LLC lifted its holdings in shares of Realty Income by 20.9% during the first quarter. Chicago Partners Investment Group LLC now owns 12,865 shares of the real estate investment trust's stock valued at $730,000 after purchasing an additional 2,225 shares in the last quarter. 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.