Realty Income (NYSE:O) Stock Price Up 0.1% – Still a Buy?

Shares of Realty Income Co. (NYSE:O) traded up 0.1% during trading on Tuesday . The company traded as high as $57.18 and last traded at $57.05. 875,662 shares changed hands during trading, a decline of 82% from the average session volume of 4,960,002 shares. The stock had previously closed at $56.98.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Mizuho cut their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. 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 note on Tuesday, March 4th. BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a research note on Tuesday, February 25th. Scotiabank cut their price objective on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Finally, Stifel Nicolaus cut their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.04.

Realty Income Price Performance

The company has a market capitalization of $50.32 billion, a price-to-earnings ratio of 53.76, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The business has a 50-day moving average price of $55.36 and a two-hundred day moving average price of $57.59. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. As a group, research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a $0.2685 dividend. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. This represents a yield of 5.7%. The ex-dividend date is Tuesday, April 1st. Realty Income’s dividend payout ratio is presently 328.57%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Lee Danner & Bass Inc. bought a new position in Realty Income in the 4th quarter valued at $28,000. Hopwood Financial Services Inc. bought a new position in Realty Income in the 4th quarter valued at $29,000. Sierra Ocean LLC bought a new position in Realty Income in the 4th quarter valued at $32,000. Millstone Evans Group LLC bought a new position in Realty Income in the 4th quarter valued at $34,000. Finally, Fourth Dimension Wealth LLC bought a new position in Realty Income in the 4th quarter valued at $34,000. 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.