Realty Income (NYSE:O) Shares Down 0.3%

Realty Income Co. (NYSE:O)’s stock price traded down 0.3% during trading on Friday . The company traded as low as $57.48 and last traded at $57.56. 815,514 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 6,177,859 shares. The stock had previously closed at $57.73.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Mizuho boosted their price objective on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. UBS Group lifted their price target on shares of Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday. Scotiabank lifted their price target on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. Finally, KeyCorp assumed coverage on shares of Realty Income in a report on Wednesday, June 12th. They issued a “sector weight” rating on the stock. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $61.88.

Realty Income Stock Down 0.3 %

The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83. The stock has a market capitalization of $50.12 billion, a PE ratio of 53.30, a price-to-earnings-growth ratio of 5.01 and a beta of 0.96. The business’s fifty day moving average price is $53.65 and its two-hundred day moving average price is $53.86.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.87). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. 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 previous year, the company posted $0.98 earnings per share. Realty Income’s revenue for the quarter was up 33.5% compared to the same quarter last year. On average, equities research analysts forecast that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared a aug 24 dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a $0.263 dividend. This represents a yield of 5.7%. The ex-dividend date is Thursday, August 1st. Realty Income’s payout ratio is 292.59%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Realty Income by 18.3% in the first quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock worth $7,290,982,000 after acquiring an additional 20,848,560 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Realty Income by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,542,160 shares of the real estate investment trust’s stock worth $547,931,000 after acquiring an additional 227,621 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Realty Income by 2.2% in the first quarter. Daiwa Securities Group Inc. now owns 9,214,683 shares of the real estate investment trust’s stock worth $498,514,000 after acquiring an additional 196,635 shares during the period. Norges Bank acquired a new position in shares of Realty Income during the 4th quarter worth about $506,526,000. Finally, APG Asset Management US Inc. raised its position in shares of Realty Income by 10.4% during the 4th quarter. APG Asset Management US Inc. now owns 8,221,575 shares of the real estate investment trust’s stock worth $472,083,000 after purchasing an additional 771,313 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Company Profile

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.