Realty Income (NYSE:O) Trading Down 0.3%

Realty Income Co. (NYSE:OGet Free Report)’s share price dropped 0.3% during trading on Wednesday . The company traded as low as $52.55 and last traded at $52.70. Approximately 872,825 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 7,110,878 shares. The stock had previously closed at $52.87.

Wall Street Analysts Forecast Growth

O has been the topic of several recent research reports. Royal Bank of Canada boosted their price objective on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, January 11th. Mizuho dropped their price objective on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Stifel Nicolaus dropped their price objective on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. BMO Capital Markets assumed coverage on shares of Realty Income in a research report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 target price for the company. Finally, BNP Paribas upgraded Realty Income from a “neutral” rating to an “outperform” rating and set a $63.00 target price for the company in a research note on Wednesday, December 13th. Eight analysts have rated the stock with a hold rating and five have given 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 $60.96.

Get Our Latest Stock Analysis on O

Realty Income Price Performance

The stock has a market capitalization of $45.36 billion, a price-to-earnings ratio of 41.83, a PEG ratio of 5.55 and a beta of 0.92. The business’s fifty day moving average price is $52.96 and its 200-day moving average price is $53.28. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28.

Realty Income (NYSE:OGet Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.72). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period last year, the firm earned $1.00 EPS. On average, research analysts forecast that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a mar 24 dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be paid a $0.257 dividend. This is a boost from Realty Income’s previous mar 24 dividend of $0.26. The ex-dividend date of this dividend is Friday, March 29th. This represents a dividend yield of 6%. Realty Income’s dividend payout ratio is 244.45%.

Institutional Investors Weigh In On Realty Income

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in O. Panagora Asset Management Inc. raised its holdings in Realty Income by 33.7% in the 1st quarter. Panagora Asset Management Inc. now owns 25,505 shares of the real estate investment trust’s stock worth $1,767,000 after purchasing an additional 6,433 shares in the last quarter. Blair William & Co. IL raised its holdings in Realty Income by 1.9% in the 1st quarter. Blair William & Co. IL now owns 18,695 shares of the real estate investment trust’s stock worth $1,296,000 after purchasing an additional 345 shares in the last quarter. Prudential PLC bought a new position in Realty Income in the 1st quarter worth $592,000. Baird Financial Group Inc. raised its holdings in Realty Income by 8.2% in the 1st quarter. Baird Financial Group Inc. now owns 115,733 shares of the real estate investment trust’s stock worth $8,020,000 after purchasing an additional 8,803 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Realty Income by 5.6% in the 1st quarter. NewEdge Advisors LLC now owns 31,334 shares of the real estate investment trust’s stock worth $2,171,000 after purchasing an additional 1,671 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

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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