Realty Income (NYSE:O) Shares Up 0.1% - Should You Buy?

Realty Income Co. (NYSE:O - Get Free Report) shares traded up 0.1% during mid-day trading on Monday . The stock traded as high as $56.97 and last traded at $56.94. 966,797 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 5,234,888 shares. The stock had previously closed at $56.89.

Analysts Set New Price Targets

A number of brokerages have commented on O. Royal Bank of Canada decreased their price objective on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target on the stock. in a research report on Tuesday, February 25th. Stifel Nicolaus cut their price objective on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a report on Wednesday, January 8th. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Finally, Scotiabank cut their price target on Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a research note on Friday, February 28th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Realty Income currently has an average rating of "Hold" and a consensus target price of $62.35.

Realty Income Stock Down 0.1 %

The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a 50 day moving average of $56.55 and a two-hundred day moving average of $56.31. The firm has a market capitalization of $51.14 billion, a price-to-earnings ratio of 54.59, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.34 billion for 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%. As a group, sell-side analysts anticipate that Realty Income Co. will post 4.19 EPS 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 given a dividend of $0.2685 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a yield of 6%. Realty Income's dividend payout ratio is currently 328.57%.

Institutional Trading of Realty Income

Several hedge funds and other institutional investors have recently made changes to their positions in O. Lee Danner & Bass Inc. bought a new position in shares of Realty Income during the fourth quarter worth about $28,000. Hopwood Financial Services Inc. acquired a new stake in Realty Income during the 4th quarter valued at approximately $29,000. PSI Advisors LLC raised its holdings in Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 252 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Realty Income in the 4th quarter valued at $32,000. Finally, FSC Wealth Advisors LLC increased its position in shares of Realty Income by 288.0% during the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after buying an additional 455 shares during the period. 70.81% of the stock is currently owned by institutional investors.

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.