Realty Income (NYSE:O) Trading Down 0%

Realty Income Co. (NYSE:OGet Free Report) was down 0% on Tuesday . The company traded as low as $52.27 and last traded at $52.69. Approximately 922,748 shares traded hands during trading, a decline of 86% from the average daily volume of 6,435,547 shares. The stock had previously closed at $52.71.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on O shares. Mizuho upped their target price on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Scotiabank raised their price objective on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. UBS Group decreased their target price on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Stifel Nicolaus dropped their price target on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Finally, BMO Capital Markets started coverage on shares of Realty Income in a research report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $61.35.

Get Our Latest Stock Analysis on Realty Income

Realty Income Trading Down 0.8 %

The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. The company has a 50 day moving average of $53.49 and a 200 day moving average of $54.26. The stock has a market capitalization of $45.53 billion, a price-to-earnings ratio of 48.67, a P/E/G ratio of 4.66 and a beta of 0.94.

Realty Income (NYSE:OGet Free Report) last posted its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.87). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The business’s quarterly revenue was up 33.5% on a year-over-year basis. On average, research analysts predict that Realty Income Co. will post 4.18 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a jun 24 dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be given a $0.2625 dividend. The ex-dividend date is Monday, June 3rd. This is a positive change from Realty Income’s previous jun 24 dividend of $0.26. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio is 291.67%.

Insider Buying and Selling

In other news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the transaction, the director now owns 6,257 shares in the company, valued at approximately $339,317.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Institutional Trading of Realty Income

Hedge funds and other institutional investors have recently made changes to their positions in the company. SVB Wealth LLC boosted its stake in Realty Income by 53.8% during the fourth quarter. SVB Wealth LLC now owns 7,656 shares of the real estate investment trust’s stock worth $440,000 after buying an additional 2,677 shares during the period. CWA Asset Management Group LLC purchased a new position in shares of Realty Income during the 4th quarter worth approximately $379,000. Dynamic Advisor Solutions LLC increased its holdings in Realty Income by 82.5% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 11,570 shares of the real estate investment trust’s stock valued at $670,000 after purchasing an additional 5,231 shares during the last quarter. LexAurum Advisors LLC acquired a new position in Realty Income during the fourth quarter worth $203,000. Finally, Treasurer of the State of North Carolina boosted its position in shares of Realty Income by 5.4% during the fourth quarter. Treasurer of the State of North Carolina now owns 330,673 shares of the real estate investment trust’s stock worth $18,987,000 after buying an additional 16,831 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Company Profile

(Get Free Report)

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.

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