Realty Income (NYSE:O) Stock Price Down 1.3% – Time to Sell?

Realty Income Corporation (NYSE:O)’s share price was down 1.3% during mid-day trading on Tuesday . The stock traded as low as $55.86 and last traded at $55.9060. Approximately 6,801,034 shares changed hands during trading, an increase of 21% from the average daily volume of 5,643,565 shares. The stock had previously closed at $56.67.

Wall Street Analyst Weigh In

Several brokerages have weighed in on O. Evercore ISI initiated coverage on Realty Income in a research report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price target on the stock. JPMorgan Chase & Co. restated an “underweight” rating and issued a $61.00 price objective on shares of Realty Income in a research report on Thursday, December 18th. Wells Fargo & Company lifted their target price on shares of Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. Mizuho decreased their target price on shares of Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Finally, Royal Bank Of Canada increased their price target on Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $62.00.

Realty Income Trading Down 1.3%

The company has a fifty day moving average of $57.76 and a 200-day moving average of $58.06. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $51.43 billion, a price-to-earnings ratio of 51.76, a PEG ratio of 3.53 and a beta of 0.80.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. Realty Income’s quarterly revenue was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, equities research analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.27 per share. The ex-dividend date is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. This is a boost from Realty Income’s previous monthly dividend of $0.27. Realty Income’s dividend payout ratio (DPR) is currently 299.07%.

Insider Buying and Selling at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the sale, the director directly owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. The trade was a 36.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Realty Income

Several institutional investors have recently added to or reduced their stakes in O. State Street Corp boosted its stake in shares of Realty Income by 1.1% in the second quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust’s stock valued at $3,556,436,000 after purchasing an additional 676,697 shares during the period. Trust Co. of Vermont increased its stake in Realty Income by 2.7% during the 2nd quarter. Trust Co. of Vermont now owns 262,700 shares of the real estate investment trust’s stock worth $15,134,000 after buying an additional 6,885 shares during the period. The Manufacturers Life Insurance Company increased its stake in Realty Income by 3.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 584,845 shares of the real estate investment trust’s stock worth $33,927,000 after buying an additional 18,397 shares during the period. Federated Hermes Inc. boosted its position in Realty Income by 13.1% in the 2nd quarter. Federated Hermes Inc. now owns 2,669,031 shares of the real estate investment trust’s stock valued at $153,763,000 after buying an additional 309,902 shares during the last quarter. Finally, MAI Capital Management boosted its position in Realty Income by 6.5% in the 1st quarter. MAI Capital Management now owns 221,233 shares of the real estate investment trust’s stock valued at $12,834,000 after buying an additional 13,555 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Company Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.