Realty Income (NYSE:O) Shares Up 0.4% - Should You Buy?

Realty Income Co. (NYSE:O - Get Free Report) was up 0.4% during mid-day trading on Wednesday . The company traded as high as $58.05 and last traded at $57.61. Approximately 1,029,360 shares traded hands during trading, a decline of 82% from the average daily volume of 5,616,007 shares. The stock had previously closed at $57.38.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Mizuho upped their target price on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Scotiabank cut their price objective on Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. 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. Stifel Nicolaus cut their target price on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Finally, Barclays restated 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $62.35.

Realty Income Stock Up 0.0 %

The firm has a market cap of $50.99 billion, a PE ratio of 54.38, a PEG ratio of 2.10 and a beta of 0.78. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The company's 50-day simple moving average is $56.56 and its two-hundred day simple moving average is $56.29.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.28 billion. On average, analysts predict that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently announced a may 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.2685 per share. The ex-dividend date is Thursday, May 1st. This represents a dividend yield of 6%. Realty Income's dividend payout ratio (DPR) is presently 328.57%.

Institutional Trading of Realty Income

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Realty Income by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust's stock valued at $7,436,622,000 after buying an additional 555,908 shares during the period. Geode Capital Management LLC grew its holdings in shares of Realty Income by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock worth $1,253,584,000 after acquiring an additional 658,240 shares during the period. Northern Trust Corp raised its position in shares of Realty Income by 41.2% in the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock worth $701,792,000 after acquiring an additional 3,834,403 shares in the last quarter. Norges Bank purchased a new position in shares of Realty Income in the 4th quarter valued at approximately $624,666,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Realty Income during the fourth quarter valued at approximately $553,572,000. 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.