Realty Income (NYSE:O) Shares Down 0.2%

Realty Income Co. (NYSE:O) dropped 0.2% during mid-day trading on Monday . The stock traded as low as $56.88 and last traded at $59.18. Approximately 3,792,602 shares changed hands during trading, a decline of 38% from the average daily volume of 6,095,420 shares. The stock had previously closed at $59.32.

Analyst Upgrades and Downgrades

O has been the subject of several analyst reports. Scotiabank increased their price target on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. Mizuho increased their price target on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, May 10th. UBS Group increased their price target on shares of Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, KeyCorp initiated coverage on shares of Realty Income in a report on Wednesday, June 12th. They set a “sector weight” rating for the company. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $61.88.

Realty Income Stock Down 0.3 %

The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83. The firm has a market capitalization of $51.51 billion, a price-to-earnings ratio of 54.80, a price-to-earnings-growth ratio of 5.05 and a beta of 0.96. The firm’s 50-day moving average price is $54.41 and its 200 day moving average price is $53.75.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The business’s quarterly revenue was up 33.5% compared to the same quarter last year. Sell-side analysts expect that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Dividend Announcement

The business also recently announced a aug 24 dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be given a $0.263 dividend. This represents a dividend yield of 5.7%. The ex-dividend date is Thursday, August 1st. Realty Income’s payout ratio is currently 292.59%.

Institutional Investors Weigh In On Realty Income

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Realty Income by 18.3% during the 1st quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock valued at $7,290,982,000 after purchasing an additional 20,848,560 shares during the period. Dimensional Fund Advisors LP boosted its stake in Realty Income by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,542,160 shares of the real estate investment trust’s stock valued at $547,931,000 after purchasing an additional 227,621 shares during the period. Daiwa Securities Group Inc. boosted its stake in Realty Income by 2.2% during the 1st quarter. Daiwa Securities Group Inc. now owns 9,214,683 shares of the real estate investment trust’s stock valued at $498,514,000 after purchasing an additional 196,635 shares during the period. Norges Bank acquired a new position in Realty Income during the 4th quarter valued at about $506,526,000. Finally, APG Asset Management US Inc. boosted its stake in Realty Income by 10.4% during the 4th quarter. APG Asset Management US Inc. now owns 8,221,575 shares of the real estate investment trust’s stock valued at $472,083,000 after purchasing an additional 771,313 shares during the period. 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.