Realty Income (NYSE:O) Trading Down 0.9% - What's Next?

Realty Income Co. (NYSE:O - Get Free Report) shares fell 0.9% during mid-day trading on Monday . The company traded as low as $55.35 and last traded at $56.16. 2,115,703 shares were traded during trading, a decline of 59% from the average session volume of 5,174,934 shares. The stock had previously closed at $56.69.

Analysts Set New Price Targets

A number of research analysts recently issued reports on O shares. Royal Bank of Canada cut their price target on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. JPMorgan Chase & Co. lowered 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. UBS Group lowered their price objective on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Tuesday. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Finally, Wedbush reaffirmed a "neutral" rating and set a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $61.15.

Realty Income Price Performance

The business has a 50-day simple moving average of $56.45 and a 200 day simple moving average of $55.84. 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 firm has a market cap of $49.28 billion, a P/E ratio of 51.97, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share 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 previous year, the company earned $1.03 earnings per share. The firm's quarterly revenue was up 9.5% on a year-over-year basis. On average, analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

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

Institutional Trading of Realty Income

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in O. Norges Bank bought a new position in shares of Realty Income during the 4th quarter worth $624,666,000. Raymond James Financial Inc. purchased a new stake in shares of Realty Income during the fourth quarter valued at $553,572,000. Northern Trust Corp increased its holdings in shares of Realty Income by 41.2% in the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock valued at $701,792,000 after purchasing an additional 3,834,403 shares during the period. Nuveen LLC purchased a new stake in shares of Realty Income in the 1st quarter valued at $207,573,000. Finally, Vanguard Group Inc. grew its position in Realty Income by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock worth $8,267,084,000 after purchasing an additional 3,274,853 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

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.