Realty Income (NYSE:O) Shares Down 3.1% – Should You Sell?

Realty Income Co. (NYSE:O) shares dropped 3.1% during trading on Monday . The stock traded as low as $52.48 and last traded at $53.46. Approximately 3,862,569 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 5,196,460 shares. The stock had previously closed at $55.15.

Wall Street Analyst Weigh In

O has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price for the company. Stifel Nicolaus reduced their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. BNP Paribas lowered shares of 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. Barclays upped their price target on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Finally, Scotiabank decreased their price target on shares of 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. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Realty Income currently has an average rating of “Hold” and a consensus price target of $62.42.

Realty Income Stock Down 4.1 %

The stock has a market capitalization of $47.19 billion, a price-to-earnings ratio of 50.40, a PEG ratio of 2.10 and a beta of 0.79. 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 business has a fifty day moving average of $55.97 and a 200 day moving average of $56.99.

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

Realty Income Increases Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Tcfg Wealth Management LLC increased its holdings in shares of Realty Income by 2.9% in the 4th quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust’s stock valued at $357,000 after acquiring an additional 186 shares during the last quarter. Romano Brothers AND Company raised its holdings in Realty Income by 2.0% during the fourth quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 200 shares in the last quarter. Bay Rivers Group raised its holdings in Realty Income by 1.0% during the fourth quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust’s stock worth $1,103,000 after purchasing an additional 200 shares in the last quarter. Smith Moore & CO. lifted its position in shares of Realty Income by 4.8% during the 4th quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust’s stock worth $237,000 after buying an additional 201 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Realty Income by 11.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 218 shares in the last quarter. 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.