Realty Income (NYSE:O) Trading Down 0.3% - What's Next?

Realty Income Co. (NYSE:O - Get Free Report)'s share price dropped 0.3% on Thursday . The company traded as low as $56.21 and last traded at $56.27. Approximately 892,224 shares were traded during trading, a decline of 82% from the average daily volume of 4,957,280 shares. The stock had previously closed at $56.44.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research report on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price objective on the stock. Barclays raised their target price on Realty Income from $56.00 to $59.00 and gave the company an "equal weight" rating in a report on Tuesday, March 4th. BNP Paribas downgraded shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective for the company. in a research report on Tuesday, February 25th. Mizuho lowered their price target on shares of Realty Income from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Finally, Stifel Nicolaus dropped their price objective on Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $62.04.

Realty Income Stock Performance

The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock's 50-day moving average price is $55.52 and its 200-day moving average price is $57.47. The company has a market capitalization of $50.21 billion, a P/E ratio of 53.64, a P/E/G ratio of 2.10 and a beta of 1.00.

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Realty Income (NYSE:O - Get Free Report) last issued its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. As a group, equities analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.2685 per share. This represents a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a positive change from Realty Income's previous apr 25 dividend of $0.27. Realty Income's payout ratio is 328.57%.

Institutional Trading of Realty Income

A number of institutional investors have recently made changes to their positions in the stock. Lee Danner & Bass Inc. acquired a new position in Realty Income during the fourth quarter worth about $28,000. Hopwood Financial Services Inc. bought a new position in shares of Realty Income during the 4th quarter valued at about $29,000. Sierra Ocean LLC acquired a new position in shares of Realty Income in the 4th quarter worth approximately $32,000. Millstone Evans Group LLC bought a new stake in shares of Realty Income in the 4th quarter worth approximately $34,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in Realty Income during the fourth quarter valued at approximately $34,000. 70.81% of the stock is owned by institutional investors and hedge funds.

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.