Realty Income (NYSE:O) Shares Down 1% - Time to Sell?

Realty Income Co. (NYSE:O - Get Free Report) was down 1% during trading on Tuesday . The company traded as low as $55.85 and last traded at $55.99. Approximately 1,186,299 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 5,177,478 shares. The stock had previously closed at $56.58.

Analysts Set New Price Targets

O has been the subject of a number of research analyst reports. BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective for the company. in a report on Tuesday, February 25th. Mizuho lifted their price target on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Royal Bank of Canada dropped their price objective on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Scotiabank raised their price objective on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Finally, UBS Group lowered their target price on Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $61.15.

Realty Income Stock Performance

The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market cap of $50.36 billion, a PE ratio of 53.11, a P/E/G ratio of 2.10 and a beta of 0.78. The business's 50-day moving average price is $56.20 and its 200-day moving average price is $55.59.

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, hitting analysts' consensus estimates of $1.06. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same period last year, the business earned $1.03 EPS. Realty Income's revenue for the quarter was up 9.5% on a year-over-year basis. As a group, equities research analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently disclosed a jun 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be paid 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 payout ratio is 292.73%.

Institutional Investors Weigh In On Realty Income

Several large investors have recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC increased its holdings in shares of Realty Income by 87.6% in the first quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 303 shares during the last quarter. Modern Wealth Management LLC boosted its holdings in Realty Income by 3.7% in the 1st quarter. Modern Wealth Management LLC now owns 16,109 shares of the real estate investment trust's stock valued at $934,000 after purchasing an additional 580 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Realty Income by 55.7% during the 1st quarter. Jones Financial Companies Lllp now owns 758,498 shares of the real estate investment trust's stock worth $42,951,000 after buying an additional 271,480 shares during the last quarter. Strs Ohio acquired a new stake in shares of Realty Income during the 1st quarter worth approximately $27,056,000. Finally, Jacobi Capital Management LLC acquired a new position in Realty Income in the first quarter valued at approximately $444,000. 70.81% of the stock is currently 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.