Realty Income (NYSE:O) Stock Price Down 1.8% - Time to Sell?

Shares of Realty Income Corporation (NYSE:O - Get Free Report) fell 1.8% on Tuesday . The stock traded as low as $57.71 and last traded at $57.65. 1,647,852 shares changed hands during trading, a decline of 69% from the average session volume of 5,272,767 shares. The stock had previously closed at $58.70.

Analyst Ratings Changes

O has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their price target on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Wedbush reaffirmed a "neutral" rating and issued a $61.00 price target on shares of Realty Income in a report on Wednesday, May 7th. Mizuho upped their price target on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. UBS Group reduced their price target on Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Finally, Barclays reaffirmed an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Ten investment 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, Realty Income presently has a consensus rating of "Hold" and a consensus price target of $61.15.

Realty Income Stock Performance

The stock has a market capitalization of $50.96 billion, a PE ratio of 51.30, a price-to-earnings-growth ratio of 3.97 and a beta of 0.75. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69. The stock has a fifty day moving average of $56.78 and a 200-day moving average of $55.97.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.06. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. Realty Income's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.03 EPS. Equities analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The company also recently announced a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a $0.269 dividend. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, August 1st. Realty Income's payout ratio is currently 293.64%.

Hedge Funds Weigh In On Realty Income

Several institutional investors have recently added to or reduced their stakes in O. Norges Bank acquired a new position in Realty Income in the 4th quarter valued at about $624,666,000. Northern Trust Corp increased its position in 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 valued at $701,792,000 after acquiring an additional 3,834,403 shares during the period. Nuveen LLC acquired a new position in Realty Income in the 1st quarter valued at about $207,573,000. Vanguard Group Inc. increased its position in Realty Income by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock valued at $8,267,084,000 after acquiring an additional 3,274,853 shares during the period. Finally, Centersquare Investment Management LLC increased its position in Realty Income by 27.0% in the 1st quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust's stock valued at $288,375,000 after acquiring an additional 1,055,840 shares during the period. Institutional investors and hedge funds 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.