Realty Income (NYSE:O) Shares Down 0.6% – Should You Sell?

Shares of Realty Income Co. (NYSE:O) dropped 0.6% on Friday . The company traded as low as $55.61 and last traded at $56.12. Approximately 2,679,974 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 4,968,242 shares. The stock had previously closed at $56.46.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on O shares. Mizuho dropped their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Scotiabank dropped their price target on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a research report on Tuesday, February 25th. Royal Bank of Canada dropped their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Finally, Barclays lifted their price target on Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $62.04.

Realty Income Stock Performance

The stock has a market capitalization of $49.73 billion, a P/E ratio of 53.13, a P/E/G ratio of 2.10 and a beta of 1.00. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The business has a fifty day moving average price of $55.52 and a 200-day moving average price of $57.50.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. On average, sell-side analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.2685 per share. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Tuesday, April 1st. Realty Income’s dividend payout ratio is presently 328.57%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Lee Danner & Bass Inc. bought a new position in Realty Income in the fourth quarter valued at about $28,000. Hopwood Financial Services Inc. bought a new position in Realty Income in the fourth quarter valued at about $29,000. Sierra Ocean LLC bought a new position in Realty Income in the fourth quarter valued at about $32,000. Millstone Evans Group LLC bought a new position in Realty Income in the fourth quarter valued at about $34,000. Finally, Fourth Dimension Wealth LLC bought a new position in Realty Income in the fourth quarter valued at about $34,000. 70.81% of the stock is owned by institutional investors.

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.