Realty Income (NYSE:O) Shares Down 0.3%

Realty Income Co. (NYSE:O)’s share price fell 0.3% on Wednesday . The stock traded as low as $61.90 and last traded at $61.98. 735,682 shares were traded during mid-day trading, a decline of 88% from the average session volume of 5,980,548 shares. The stock had previously closed at $62.15.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on O shares. Mizuho raised their target price on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a report on Friday, May 10th. Wedbush initiated coverage on Realty Income in a research note on Monday, August 19th. They set a “neutral” rating and a $64.00 target price for the company. Morgan Stanley reissued an “equal weight” rating and issued a $62.00 price target on shares of Realty Income in a report on Tuesday, August 6th. Wells Fargo & Company upped their price target on shares of Realty Income from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Stifel Nicolaus boosted their price objective on Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research note on Wednesday. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.45.

Realty Income Stock Performance

The company’s 50-day simple moving average is $56.82 and its 200 day simple moving average is $54.39. The stock has a market cap of $53.66 billion, a P/E ratio of 57.39, a PEG ratio of 5.05 and a beta of 0.96. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.07). The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The business’s revenue was up 31.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.00 EPS. As a group, sell-side analysts expect that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently announced a sep 24 dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.263 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a dividend yield of 5.2%. Realty Income’s dividend payout ratio (DPR) is 291.67%.

Insider Activity at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the sale, the director now owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. American National Bank acquired a new stake in shares of Realty Income in the fourth quarter worth approximately $25,000. Vima LLC purchased a new position in shares of Realty Income in the 4th quarter valued at $25,000. Pacifica Partners Inc. grew its holdings in shares of Realty Income by 444.4% in the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 400 shares during the period. WASHINGTON TRUST Co lifted its position in shares of Realty Income by 65.7% in the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 197 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in Realty Income during the first quarter worth approximately $27,000. Hedge funds and other institutional investors 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.