Realty Income (NYSE:O) Shares Down 0.4% - Time to Sell?

Realty Income Co. (NYSE:O - Get Free Report)'s stock price dropped 0.4% during mid-day trading on Tuesday . The stock traded as low as $57.23 and last traded at $57.41. Approximately 949,361 shares changed hands during trading, a decline of 83% from the average daily volume of 5,677,089 shares. The stock had previously closed at $57.65.

Analyst Upgrades and Downgrades

O has been the subject of a number of analyst reports. Morgan Stanley reiterated an "equal weight" rating and set a $62.00 target price on shares of Realty Income in a report on Tuesday, August 6th. Scotiabank boosted their price objective on Realty Income from $61.00 to $64.00 and gave the company a "sector perform" rating in a research report on Tuesday, September 17th. Wedbush began coverage on shares of Realty Income in a report on Monday, August 19th. They set a "neutral" rating and a $64.00 price objective on the stock. Stifel Nicolaus reduced their price target on shares of Realty Income from $70.50 to $70.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company reissued an "equal weight" rating and issued a $65.00 price objective (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $63.85.

Realty Income Trading Down 1.1 %

The stock's fifty day simple moving average is $61.78 and its 200-day simple moving average is $57.96. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.39. The firm has a market cap of $49.91 billion, a PE ratio of 54.68, a PEG ratio of 4.00 and a beta of 0.99.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.75). The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm's quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.02 EPS. On average, sell-side analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a $0.2635 dividend. This is an increase from Realty Income's previous monthly dividend of $0.24. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $3.16 annualized dividend and a dividend yield of 5.54%. Realty Income's payout ratio is 300.96%.

Insider Activity

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in O. Vanguard Group Inc. grew its stake in shares of Realty Income by 18.3% during the first quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust's stock valued at $7,290,982,000 after buying an additional 20,848,560 shares during the last quarter. Parnassus Investments LLC raised its stake in Realty Income by 7.4% during the third quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust's stock worth $1,550,506,000 after buying an additional 1,676,293 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Realty Income by 4.5% during the second quarter. Legal & General Group Plc now owns 12,258,468 shares of the real estate investment trust's stock valued at $647,492,000 after acquiring an additional 531,008 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Realty Income by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 11,682,105 shares of the real estate investment trust's stock valued at $617,043,000 after acquiring an additional 413,865 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Realty Income by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust's stock valued at $617,028,000 after purchasing an additional 463,286 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

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.

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