Realty Income (NYSE:O) Trading Down 0.9% - What's Next?

Realty Income Co. (NYSE:O - Get Free Report)'s share price was down 0.9% during mid-day trading on Friday . The company traded as low as $62.65 and last traded at $62.72. Approximately 1,002,878 shares traded hands during trading, a decline of 82% from the average daily volume of 5,649,657 shares. The stock had previously closed at $63.31.

Analysts Set New Price Targets

A number of research firms recently weighed in on O. Wells Fargo & Company reiterated an "equal weight" rating and issued a $65.00 price target (up previously from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. JPMorgan Chase & Co. boosted their price target on shares of Realty Income from $60.00 to $67.00 and gave the company a "neutral" rating in a report on Tuesday, September 3rd. Royal Bank of Canada increased their target price on Realty Income from $58.00 to $64.00 and gave the company an "outperform" rating in a report on Wednesday, August 7th. Morgan Stanley reissued an "equal weight" rating and set a $62.00 price target on shares of Realty Income in a research report on Tuesday, August 6th. Finally, Stifel Nicolaus raised their price objective on Realty Income from $67.50 to $70.25 and gave the stock a "buy" rating in a research report on Wednesday, August 28th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $63.94.

Realty Income Price Performance

The firm has a market capitalization of $53.40 billion, a P/E ratio of 57.31, a P/E/G ratio of 4.43 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. The stock has a 50 day moving average of $62.32 and a two-hundred day moving average of $57.36.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data 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 return on equity of 2.36% and a net margin of 17.89%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the company posted $1.00 earnings per share. Realty Income's quarterly revenue was up 31.4% on a year-over-year basis. Sell-side analysts predict that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently announced 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. This represents a yield of 5.1%. The ex-dividend date of this dividend is Friday, November 1st. Realty Income's dividend payout ratio (DPR) is currently 292.59%.

Insider Buying and Selling at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the sale, the director now directly owns 5,257 shares of the company's stock, valued at $319,467.89. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Mary Hogan Preusse sold 1,712 shares of the company'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 sale, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director A. Larry Chapman sold 5,000 shares of the 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 of the company's stock, valued at $319,467.89. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Institutional Investors Weigh In On Realty Income

Several large investors have recently made changes to their positions in the company. Pacifica Partners Inc. raised its position 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 valued at $26,000 after purchasing an additional 400 shares during the last quarter. Bell Investment Advisors Inc increased its holdings in shares of Realty Income by 69.6% in the first 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 in the last quarter. MFA Wealth Advisors LLC bought a new position in Realty Income in the 2nd quarter worth approximately $33,000. 1620 Investment Advisors Inc. acquired a new position in Realty Income during the 2nd quarter worth $42,000. Finally, Headlands Technologies LLC bought a new position in Realty Income in the 2nd quarter valued at $42,000. 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.