Realty Income (NYSE:O) Shares Down 0.3% - Should You Sell?

Shares of Realty Income Co. (NYSE:O - Get Free Report) dropped 0.3% during mid-day trading on Monday . The stock traded as low as $58.10 and last traded at $58.14. Approximately 1,075,124 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 5,737,983 shares. The stock had previously closed at $58.32.

Analyst Upgrades and Downgrades

O has been the topic of several research reports. BNP Paribas cut Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price on the stock. in a report on Tuesday, February 25th. Stifel Nicolaus dropped their price target on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Scotiabank dropped their price target on Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a research report on Friday, February 28th. Mizuho lifted their price target on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Finally, Barclays restated an "overweight" rating on shares of Realty Income in a research note on Tuesday. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $62.35.

Realty Income Trading Down 0.8 %

The firm has a market capitalization of $51.75 billion, a PE ratio of 55.27, a P/E/G ratio of 2.10 and a beta of 0.79. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a fifty day moving average of $56.34 and a 200 day moving average of $56.46.

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

Realty Income Announces Dividend

The firm also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.2685 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a dividend yield of 6%. Realty Income's dividend payout ratio is currently 328.57%.

Institutional Trading of Realty Income

Institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new position in Realty Income during the fourth quarter worth $624,666,000. Raymond James Financial Inc. acquired a new stake in shares of Realty Income during the fourth quarter worth approximately $553,572,000. Northern Trust Corp increased its holdings in shares of Realty Income by 41.2% in the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock valued at $701,792,000 after purchasing an additional 3,834,403 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Realty Income by 26.7% in the fourth quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust's stock valued at $205,628,000 after purchasing an additional 811,037 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Realty Income by 6,002.1% in the first quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust's stock valued at $40,988,000 after purchasing an additional 694,983 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

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.