Realty Income (NYSE:O) Stock Price Down 0.6% - Should You Sell?

Shares of Realty Income Co. (NYSE:O - Get Free Report) fell 0.6% during trading on Wednesday . The stock traded as low as $55.62 and last traded at $55.87. 906,750 shares changed hands during trading, a decline of 84% from the average session volume of 5,605,854 shares. The stock had previously closed at $56.20.

Analyst Upgrades and Downgrades

Several research firms recently commented on O. Stifel Nicolaus raised their price target on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Wedbush reiterated a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a research note on Wednesday, May 7th. Scotiabank lifted their target price on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. JPMorgan Chase & Co. reduced their target price on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Finally, Barclays reiterated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $61.15.

Realty Income Trading Down 1.1%

The stock has a market capitalization of $50.19 billion, a price-to-earnings ratio of 52.89, a PEG ratio of 2.10 and a beta of 0.78. The company's 50 day moving average is $56.31 and its 200 day moving average is $55.69. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current 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 EPS for the quarter, meeting the consensus estimate of $1.06. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the prior year, the company earned $1.03 EPS. The business's quarterly revenue was up 9.5% compared to the same quarter last year. On average, research analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

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

Institutional Investors Weigh In On Realty Income

A number of hedge funds have recently added to or reduced their stakes in O. Keystone Global Partners LLC bought a new position in Realty Income in the first quarter valued at approximately $26,000. Lee Danner & Bass Inc. acquired a new position in Realty Income during the fourth quarter worth $28,000. Hopwood Financial Services Inc. acquired a new position in Realty Income during the fourth quarter worth $29,000. Sierra Ocean LLC acquired a new position in Realty Income during the fourth quarter worth $32,000. Finally, PSI Advisors LLC increased its holdings in Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after buying an additional 252 shares during 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.

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