Realty Income (NYSE:O) Trading Down 4% Following Analyst Downgrade

Realty Income Co. (NYSE:O - Get Free Report)'s share price fell 4% during trading on Wednesday after Royal Bank of Canada lowered their price target on the stock from $67.00 to $63.00. Royal Bank of Canada currently has an outperform rating on the stock. Realty Income traded as low as $56.45 and last traded at $56.47. 3,383,483 shares changed hands during trading, a decline of 40% from the average session volume of 5,656,701 shares. The stock had previously closed at $58.82.

O has been the topic of several other research reports. UBS Group lifted their price objective on shares of Realty Income from $70.00 to $72.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Scotiabank lifted their price objective on shares of Realty Income from $61.00 to $64.00 and gave the stock a "sector perform" rating in a research note on Tuesday, September 17th. Wedbush assumed coverage on shares of Realty Income in a research note on Monday, August 19th. They issued a "neutral" rating and a $64.00 price objective on the stock. Robert W. Baird lifted their price objective on shares of Realty Income from $57.00 to $58.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 6th. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $62.00 target price on shares of Realty Income in a report on Tuesday, August 6th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $63.85.

Insider Buying and Selling at Realty Income

In other news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the transaction, the director now owns 26,579 shares of the company's stock, valued at $1,663,313.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the sale, the director now owns 26,579 shares in the company, valued at $1,663,313.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director A. Larry Chapman sold 5,000 shares of the business's 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 sale, the director now owns 5,257 shares in the company, valued at $319,467.89. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Realty Income by 18.3% during the 1st quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust's stock worth $7,290,982,000 after purchasing an additional 20,848,560 shares during the last quarter. Raymond James & Associates increased its stake in shares of Realty Income by 92.4% in the 3rd quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust's stock valued at $410,932,000 after acquiring an additional 3,112,560 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Realty Income by 63.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,610,483 shares of the real estate investment trust's stock valued at $137,886,000 after acquiring an additional 1,010,876 shares during the last quarter. Centersquare Investment Management LLC increased its stake in shares of Realty Income by 14.9% in the 1st quarter. Centersquare Investment Management LLC now owns 6,824,420 shares of the real estate investment trust's stock valued at $365,379,000 after acquiring an additional 885,852 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in Realty Income by 410.7% during the 1st quarter. Cetera Investment Advisers now owns 951,335 shares of the real estate investment trust's stock worth $51,467,000 after purchasing an additional 765,048 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Trading Down 3.2 %

The business has a 50 day moving average of $62.06 and a 200-day moving average of $57.85. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $49.61 billion, a P/E ratio of 54.25, a PEG ratio of 4.12 and a beta of 0.99.

Realty Income (NYSE:O - Get Free Report) last released its quarterly 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 return on equity of 2.38% and a net margin of 17.57%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the company earned $1.02 EPS. The company's revenue was up 28.1% compared to the same quarter last year. Analysts anticipate that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently declared a nov 24 dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.2635 per share. This represents a yield of 5.1%. The ex-dividend date of this dividend is Friday, November 1st. Realty Income's payout ratio is currently 300.96%.

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.