Realty Income (NYSE:O) Stock Price Down 0.6% – Time to Sell?

Shares of Realty Income Co. (NYSE:O) dropped 0.6% on Thursday . The company traded as low as $56.70 and last traded at $56.75. Approximately 3,129,991 shares were traded during trading, a decline of 39% from the average daily volume of 5,139,386 shares. The stock had previously closed at $57.12.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Barclays boosted their price target on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective for the company. BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research report on Tuesday, February 25th. Royal Bank of Canada dropped their price target on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Finally, Scotiabank lowered their target price on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $62.42.

Realty Income Price Performance

The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $50.83 billion, a PE ratio of 54.29, a PEG ratio of 2.10 and a beta of 1.00. The company has a 50-day simple moving average of $55.96 and a 200-day simple moving average of $57.17.

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

Realty Income Increases Dividend

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

Institutional Investors Weigh In On Realty Income

Institutional investors and hedge funds have recently bought and sold shares of the stock. Centiva Capital LP acquired a new stake in Realty Income during the third quarter worth approximately $406,000. Hilltop Holdings Inc. increased its stake in shares of Realty Income by 131.4% during the 3rd quarter. Hilltop Holdings Inc. now owns 17,956 shares of the real estate investment trust’s stock valued at $1,139,000 after acquiring an additional 10,196 shares during the last quarter. HighTower Advisors LLC grew its holdings in Realty Income by 22.6% in the third quarter. HighTower Advisors LLC now owns 373,913 shares of the real estate investment trust’s stock valued at $23,713,000 after purchasing an additional 68,990 shares during the period. Janus Henderson Group PLC raised its stake in Realty Income by 3,150.5% during the third quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust’s stock worth $175,142,000 after purchasing an additional 2,675,266 shares during the period. Finally, Investment Management Corp of Ontario increased its holdings in shares of Realty Income by 50.4% during the 3rd quarter. Investment Management Corp of Ontario now owns 28,940 shares of the real estate investment trust’s stock worth $1,835,000 after buying an additional 9,700 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.