Realty Income (NYSE:O) Shares Down 1% - What's Next?

Shares of Realty Income Co. (NYSE:O - Get Free Report) dropped 1% during trading on Wednesday . The stock traded as low as $56.41 and last traded at $56.36. Approximately 835,176 shares changed hands during trading, a decline of 83% from the average daily volume of 4,955,029 shares. The stock had previously closed at $56.96.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on O. Stifel Nicolaus lowered their price objective 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. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a report on Wednesday, December 11th. They set a "hold" rating and a $62.00 price target for the company. Royal Bank of Canada reduced their price objective on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Scotiabank lowered their target price on shares of 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, Mizuho reduced their price target on shares of Realty Income from $60.00 to $54.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $62.04.

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Realty Income Stock Up 0.9 %

The firm has a market cap of $50.21 billion, a PE ratio of 53.63, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The business has a 50-day moving average price of $55.60 and a two-hundred day moving average price of $57.42.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly 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 for the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. On average, equities research analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

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

Hedge Funds Weigh In On Realty Income

A number of institutional investors and hedge funds have recently modified their holdings of O. Vanguard Group Inc. increased its stake in Realty Income by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust's stock valued at $7,436,622,000 after purchasing an additional 555,908 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Realty Income by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock valued at $1,253,584,000 after buying an additional 658,240 shares during the last quarter. Northern Trust Corp boosted its stake in 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 acquiring an additional 3,834,403 shares in the last quarter. Norges Bank purchased a new position in shares of Realty Income during the fourth quarter worth about $624,666,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Realty Income during the fourth quarter worth about $553,572,000. Institutional investors and hedge funds own 70.81% of the company's stock.

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.