Realty Income (NYSE:O) Stock Price Down 0.6% - What's Next?

Realty Income Co. (NYSE:O - Get Free Report)'s stock price was down 0.6% during mid-day trading on Friday . The company traded as low as $55.61 and last traded at $56.12. Approximately 2,679,974 shares changed hands during trading, a decline of 46% from the average daily volume of 4,968,242 shares. The stock had previously closed at $56.46.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on O shares. BNP Paribas cut shares of 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. Royal Bank of Canada dropped their price objective on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Mizuho reduced their target price on Realty Income from $60.00 to $54.00 and set a "neutral" rating on the stock in a 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 note on Friday, February 28th. Finally, Barclays increased their price objective on shares of Realty Income from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 4th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Realty Income currently has a consensus rating of "Hold" and an average target price of $62.04.

Realty Income Stock Up 0.9 %

The firm's fifty day moving average price is $55.52 and its 200-day moving average price is $57.47. 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 company has a market capitalization of $50.21 billion, a price-to-earnings 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 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 the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Sell-side analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $0.2685 dividend. This represents a yield of 5.7%. This is an increase from Realty Income's previous apr 25 dividend of $0.27. The ex-dividend date of this dividend is Tuesday, April 1st. Realty Income's dividend payout ratio is presently 328.57%.

Hedge Funds Weigh In On Realty Income

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pathstone Holdings LLC boosted its stake in shares of Realty Income by 14.0% in the 3rd quarter. Pathstone Holdings LLC now owns 76,316 shares of the real estate investment trust's stock valued at $4,840,000 after purchasing an additional 9,358 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in Realty Income in the third quarter valued at $843,000. First Horizon Advisors Inc. boosted its position in Realty Income by 313.5% during the third quarter. First Horizon Advisors Inc. now owns 947 shares of the real estate investment trust's stock valued at $60,000 after acquiring an additional 718 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in Realty Income during the 3rd quarter worth about $339,000. Finally, Meridian Wealth Management LLC bought a new position in shares of Realty Income in the 3rd quarter worth about $339,000. 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.