Realty Income (NYSE:O) Shares Down 0.7%

Realty Income Co. (NYSE:O) dropped 0.7% during trading on Friday . The company traded as low as $61.88 and last traded at $61.91. Approximately 713,341 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 5,925,289 shares. The stock had previously closed at $62.33.

Wall Street Analyst Weigh In

O has been the subject of a number of recent research reports. UBS Group increased their target price on shares of Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. raised their price objective on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday. Mizuho raised their price objective on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Robert W. Baird raised their price objective on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Finally, Morgan Stanley restated an “equal weight” rating and set a $62.00 price objective on shares of Realty Income in a research report on Tuesday, August 6th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Realty Income currently has an average rating of “Hold” and an average target price of $62.38.

Realty Income Trading Down 0.6 %

The company’s 50 day moving average price is $58.28 and its 200 day moving average price is $54.91. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market cap of $53.95 billion, a PE ratio of 57.32, a price-to-earnings-growth ratio of 4.62 and a beta of 0.96.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a net margin of 17.89% and a return on equity of 3.27%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the business posted $1.00 EPS. The company’s revenue for the quarter was up 31.4% compared to the same quarter last year. As a group, analysts forecast that Realty Income Co. will post 3.93 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently disclosed a sep 24 dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd will be paid a $0.263 dividend. This represents a dividend yield of 5.2%. The ex-dividend date of this dividend is Tuesday, September 3rd. Realty Income’s payout ratio is 291.67%.

Insider Activity

In related news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the transaction, the director now owns 5,257 shares in the company, valued at $319,467.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. American National Bank purchased a new position in Realty Income in the fourth quarter worth approximately $25,000. Vima LLC purchased a new stake in shares of Realty Income during the 4th quarter worth approximately $25,000. Pacifica Partners Inc. lifted its position in shares of Realty Income by 444.4% during the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 400 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of Realty Income during the 1st quarter worth approximately $27,000. Finally, Bell Investment Advisors Inc lifted its position in shares of Realty Income by 69.6% during the 1st quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 217 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

About Realty Income

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.