Realty Income (NYSE:O) Stock Price Down 3.1% - Should You Sell?

Realty Income Co. (NYSE:O - Get Free Report) shares traded down 3.1% on Monday . The stock traded as low as $52.48 and last traded at $53.46. 3,862,569 shares were traded during mid-day trading, a decline of 26% from the average session volume of 5,196,460 shares. The stock had previously closed at $55.15.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Scotiabank cut their price objective on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a research report on Friday, February 28th. Royal Bank of Canada cut their price target on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. BNP Paribas downgraded Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective for the company. in a report on Tuesday, February 25th. Mizuho increased their target price on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Finally, Barclays lifted their price target on shares of Realty Income from $56.00 to $59.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 4th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $62.42.

Realty Income Stock Up 1.3 %

The stock's 50-day simple moving average is $55.85 and its 200-day simple moving average is $56.76. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $48.90 billion, a P/E ratio of 52.12, a P/E/G ratio of 2.10 and a beta of 0.79.

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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 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 business had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.28 billion. As a group, research analysts predict that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

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

Institutional Trading of Realty Income

A number of institutional investors have recently modified their holdings of O. Lee Danner & Bass Inc. purchased a new stake in shares of Realty Income in the fourth quarter worth about $28,000. Hopwood Financial Services Inc. purchased a new stake in Realty Income in the 4th quarter worth approximately $29,000. Sierra Ocean LLC purchased a new stake in Realty Income in the 4th quarter worth approximately $32,000. Millstone Evans Group LLC bought a new position in Realty Income in the 4th quarter valued at $34,000. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of Realty Income during the 4th quarter valued at $34,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

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.