Realty Income (NYSE:O) Shares Down 0.9% on Analyst Downgrade

Realty Income Co. (NYSE:O - Get Free Report) traded down 0.9% during trading on Wednesday after Barclays lowered their price target on the stock from $59.00 to $58.00. Barclays currently has an equal weight rating on the stock. Realty Income traded as low as $57.84 and last traded at $57.99. 1,539,124 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 5,253,708 shares. The stock had previously closed at $58.52.

Several other equities analysts also recently commented on the stock. Royal Bank of Canada lowered their target price on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Mizuho increased their price objective on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. BNP Paribas lowered Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price for the company. in a report on Tuesday, February 25th. Stifel Nicolaus lowered their price target on Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Finally, Scotiabank reduced their price objective on shares of 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $62.35.

Institutional Trading of Realty Income

A number of hedge funds have recently modified their holdings of O. Alta Advisers Ltd acquired a new stake in shares of Realty Income during the 1st quarter valued at about $239,000. Koshinski Asset Management Inc. acquired a new stake in Realty Income during the first quarter valued at approximately $210,000. Prairiewood Capital LLC grew its stake in shares of Realty Income by 15.2% in the 1st quarter. Prairiewood Capital LLC now owns 81,633 shares of the real estate investment trust's stock valued at $4,736,000 after purchasing an additional 10,748 shares during the period. Jacobsen Capital Management raised its holdings in shares of Realty Income by 6.7% in the 1st quarter. Jacobsen Capital Management now owns 4,322 shares of the real estate investment trust's stock worth $251,000 after buying an additional 270 shares in the last quarter. Finally, Ameritas Advisory Services LLC lifted its position in shares of Realty Income by 1.5% during the 1st quarter. Ameritas Advisory Services LLC now owns 26,998 shares of the real estate investment trust's stock worth $1,459,000 after buying an additional 399 shares during the period. Institutional investors own 70.81% of the company's stock.

Realty Income Price Performance

The company has a 50-day moving average of $56.50 and a 200 day moving average of $56.37. The firm has a market cap of $50.74 billion, a P/E ratio of 54.19, a P/E/G ratio of 2.10 and a beta of 0.79. 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 issued its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. On average, sell-side analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The firm also recently declared a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued 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 328.57%.

About Realty Income

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.