Realty Income (NYSE:O) Shares Down 0.5% - Here's Why

Realty Income Co. (NYSE:O - Get Free Report) fell 0.5% on Monday . The stock traded as low as $55.99 and last traded at $56.24. 795,309 shares were traded during trading, a decline of 86% from the average session volume of 5,666,796 shares. The stock had previously closed at $56.54.

Analysts Set New Price Targets

Several equities analysts recently commented on O shares. UBS Group dropped their price objective on shares of Realty Income from $72.00 to $71.00 and set a "buy" rating for the company in a research note on Thursday. JPMorgan Chase & Co. boosted their price objective on Realty Income from $60.00 to $67.00 and gave the company a "neutral" rating in a report on Tuesday, September 3rd. Wells Fargo & Company restated an "equal weight" rating and issued a $65.00 target price (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Mizuho cut shares of Realty Income from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $64.00 to $60.00 in a research report on Thursday. Finally, Robert W. Baird upped their price target on Realty Income from $57.00 to $58.00 and gave the company a "neutral" rating in a research report on Tuesday, August 6th. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $63.85.

Realty Income Price Performance

The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The stock's 50-day simple moving average is $61.31 and its two-hundred day simple moving average is $58.04. The firm has a market cap of $49.60 billion, a P/E ratio of 53.56, a PEG ratio of 3.98 and a beta of 0.99.

Realty Income (NYSE:O - Get Free Report) last issued its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the firm earned $1.02 earnings per share. The company's revenue for the quarter was up 28.1% on a year-over-year basis. Equities research analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be issued a $0.2635 dividend. This represents a $3.16 annualized dividend and a yield of 5.58%. The ex-dividend date is Monday, December 2nd. This is an increase from Realty Income's previous monthly dividend of $0.24. Realty Income's dividend payout ratio is 300.95%.

Insider Activity

In related news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction dated 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 directly owns 5,257 shares of the company's stock, valued at $319,467.89. This represents a 48.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, 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 directly owns 26,579 shares of the company's stock, valued at $1,663,313.82. This trade represents a 6.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Hedge Funds Weigh In On Realty Income

A number of large investors have recently modified their holdings of the company. Pacifica Partners Inc. increased its stake in Realty Income by 444.4% during the second 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. Rosenberg Matthew Hamilton raised its stake in Realty Income by 75.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 211 shares during the period. MFA Wealth Advisors LLC purchased a new position in Realty Income during the 2nd quarter valued at about $33,000. Creative Capital Management Investments LLC increased its stake in shares of Realty Income by 133.3% in the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 300 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Realty Income in the 2nd quarter valued at approximately $42,000. 70.81% of the stock is currently 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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