Realty Income (NYSE:O) Trading Down 1.3% – Here’s Why

Realty Income Corporation (NYSE:O)’s share price fell 1.3% during trading on Tuesday . The stock traded as low as $64.06 and last traded at $64.08. 6,442,534 shares changed hands during mid-day trading, a decline of 4% from the average session volume of 6,715,051 shares. The stock had previously closed at $64.92.

Analysts Set New Price Targets

O has been the subject of several research reports. Cantor Fitzgerald raised their price objective on shares of Realty Income from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, February 27th. Evercore reiterated a “positive” rating on shares of Realty Income in a report on Wednesday, February 25th. Barclays increased their target price on shares of Realty Income from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday. Mizuho lifted their price target on shares of Realty Income from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 11th. Finally, Morgan Stanley upped their price target on Realty Income from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, December 24th. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $66.39.

Realty Income Stock Down 1.3%

The firm has a fifty day moving average of $63.09 and a 200-day moving average of $59.96. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.72. The firm has a market cap of $59.75 billion, a P/E ratio of 54.77, a price-to-earnings-growth ratio of 4.79 and a beta of 0.77.

Realty Income (NYSE:O) last posted its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 earnings per share for the quarter, hitting the consensus estimate of $1.08. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. Realty Income had a return on equity of 2.68% and a net margin of 18.41%.The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. On average, equities research analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.2705 per share. This represents a c) annualized dividend and a yield of 5.1%. This is an increase from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, March 31st. Realty Income’s payout ratio is currently 276.92%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Stance Capital LLC acquired a new position in shares of Realty Income during the 3rd quarter worth approximately $27,000. EFG International AG acquired a new stake in shares of Realty Income in the fourth quarter valued at approximately $26,000. Heartwood Wealth Advisors LLC bought a new stake in shares of Realty Income during the 3rd quarter valued at $29,000. Strengthening Families & Communities LLC grew its stake in Realty Income by 586.1% during the third quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 422 shares in the last quarter. Finally, Evolution Wealth Management Inc. boosted its position in shares of Realty Income by 257.1% during the 4th quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 360 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Company Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.