Realty Income (NYSE:O) Trading Down 0.4% - Should You Sell?

Realty Income Co. (NYSE:O - Get Free Report) shares traded down 0.4% during mid-day trading on Tuesday . The stock traded as low as $63.44 and last traded at $63.56. 530,565 shares traded hands during trading, a decline of 91% from the average session volume of 5,676,926 shares. The stock had previously closed at $63.79.

Analysts Set New Price Targets

O has been the subject of a number of recent analyst reports. Morgan Stanley reiterated an "equal weight" rating and issued a $62.00 price target on shares of Realty Income in a research note on Tuesday, August 6th. Royal Bank of Canada raised their price objective on Realty Income from $58.00 to $64.00 and gave the company an "outperform" rating in a research report on Wednesday, August 7th. Stifel Nicolaus boosted their target price on Realty Income from $67.50 to $70.25 and gave the stock a "buy" rating in a report on Wednesday, August 28th. Robert W. Baird raised their price target on Realty Income from $57.00 to $58.00 and gave the company a "neutral" rating in a report on Tuesday, August 6th. Finally, Wedbush assumed coverage on shares of Realty Income in a report on Monday, August 19th. They issued a "neutral" rating and a $64.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $63.94.

Realty Income Stock Down 0.2 %

The stock's fifty day simple moving average is $62.17 and its 200-day simple moving average is $57.27. The stock has a market cap of $55.46 billion, a P/E ratio of 58.97, 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 issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a net margin of 17.89% and a return on equity of 2.36%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the firm posted $1.00 earnings per share. The company's quarterly revenue was up 31.4% on a year-over-year basis. As a group, research analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The company also recently disclosed a nov 24 dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.2635 per share. The ex-dividend date is Friday, November 1st. This represents a yield of 5.1%. Realty Income's dividend payout ratio is 292.59%.

Insiders Place Their Bets

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 shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction 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 transaction, the director now owns 26,579 shares in the company, valued at approximately $1,663,313.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director A. Larry Chapman sold 5,000 shares of the company'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 sale, the director now owns 5,257 shares of the company's stock, valued at approximately $319,467.89. This 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 hedge funds and other institutional investors have recently made changes to their positions in O. Pacifica Partners Inc. increased its holdings in Realty Income by 444.4% in the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 400 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Realty Income during the first quarter worth about $27,000. Bell Investment Advisors Inc boosted its stake in shares of Realty Income by 69.6% in the 1st quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 217 shares during the last quarter. MFA Wealth Advisors LLC acquired a new stake in Realty Income during the 2nd quarter worth about $33,000. Finally, Riverview Trust Co acquired a new stake in Realty Income during the first quarter worth approximately $34,000. 70.81% of the stock is owned by institutional investors.

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.