Realty Income (NYSE:O) Stock Price Down 1.9% After Analyst Downgrade

Shares of Realty Income Co. (NYSE:O - Get Free Report) were down 1.9% on Tuesday after UBS Group lowered their price target on the stock from $64.00 to $62.00. UBS Group currently has a buy rating on the stock. Realty Income traded as low as $54.84 and last traded at $54.86. Approximately 2,052,999 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 5,189,915 shares. The stock had previously closed at $55.94.

Several other equities analysts also recently commented on O. Scotiabank boosted their price objective on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research report on Monday. Mizuho boosted their price objective on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. BNP Paribas downgraded Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price on the stock. in a research report on Tuesday, February 25th. Wedbush reiterated a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a research report on Wednesday, May 7th. Finally, Barclays reiterated an "overweight" rating on shares of Realty Income in a research 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. According to data from MarketBeat, Realty Income presently has a consensus rating of "Hold" and an average price target of $61.15.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted 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 valued at $8,267,084,000 after acquiring an additional 3,274,853 shares in the last quarter. Geode Capital Management LLC boosted its position in 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 valued at $1,253,584,000 after acquiring an additional 658,240 shares in the last quarter. Northern Trust Corp boosted 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 purchasing an additional 3,834,403 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Realty Income by 3.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 12,108,561 shares of the real estate investment trust's stock worth $702,381,000 after purchasing an additional 451,307 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Realty Income in the 4th quarter worth $624,666,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Price 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 $49.79 billion, a price-to-earnings ratio of 52.51, a PEG ratio of 2.10 and a beta of 0.78. The stock has a 50-day moving average price of $56.38 and a two-hundred day moving average price of $55.83.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, hitting analysts' consensus estimates of $1.06. The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 EPS. As a group, equities research analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Announces Dividend

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

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.