Realty Income (NYSE:O) Stock Price Down 0.8% - Here's What Happened

Shares of Realty Income Co. (NYSE:O - Get Free Report) were down 0.8% on Monday . The stock traded as low as $64.05 and last traded at $64.16. Approximately 754,042 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 5,689,732 shares. The stock had previously closed at $64.71.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on O shares. Wedbush initiated coverage on shares of Realty Income in a research note on Monday, August 19th. They set a "neutral" rating and a $64.00 price target on the stock. Scotiabank lifted their target price on shares of Realty Income from $61.00 to $64.00 and gave the stock a "sector perform" rating in a research note on Tuesday, September 17th. Wells Fargo & Company reiterated an "equal weight" rating and issued a $65.00 price target (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Royal Bank of Canada raised their price objective on Realty Income from $58.00 to $64.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $62.00 target price on shares of Realty Income in a research note on Tuesday, August 6th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $63.94.

Realty Income Trading Down 1.4 %

The firm has a fifty day moving average of $62.10 and a 200 day moving average of $57.19. The firm has a market capitalization of $55.55 billion, a PE ratio of 59.06, a P/E/G ratio of 4.32 and a beta of 0.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.07). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. Realty Income had a net margin of 17.89% and a return on equity of 2.36%. Realty Income's revenue for the quarter was up 31.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.00 earnings per share. Equities research analysts expect that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Announces Dividend

The firm also recently announced a nov 24 dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.2635 per share. This represents a dividend yield of 5.1%. The ex-dividend date is Friday, November 1st. Realty Income's dividend payout ratio (DPR) is currently 292.59%.

Insider Transactions at Realty Income

In other news, Director Mary Hogan Preusse sold 1,712 shares of the company's stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the sale, the director now owns 26,579 shares in the company, valued at approximately $1,663,313.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Mary Hogan Preusse sold 1,712 shares of the business's stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the sale, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director A. Larry Chapman sold 5,000 shares of the firm's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the transaction, the director now owns 5,257 shares in the company, valued at $319,467.89. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Institutional Investors Weigh In On Realty Income

Several institutional investors and hedge funds have recently bought and sold shares of O. Code Waechter LLC acquired a new position in shares of Realty Income during the third quarter valued at $1,308,000. Texas Permanent School Fund Corp lifted its position in Realty Income by 15.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 171,916 shares of the real estate investment trust's stock valued at $9,301,000 after purchasing an additional 22,440 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Realty Income by 17.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,131,375 shares of the real estate investment trust's stock valued at $61,208,000 after purchasing an additional 171,166 shares during the last quarter. Raymond James & Associates lifted its position in Realty Income by 92.4% in the 3rd quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust's stock valued at $410,932,000 after purchasing an additional 3,112,560 shares during the last quarter. Finally, Swedbank AB bought a new stake in Realty Income in the 1st quarter valued at about $3,017,000. Institutional investors and hedge funds 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.