Realty Income (NYSE:O) Stock Price Down 0.4% - What's Next?

Realty Income Co. (NYSE:O - Get Free Report)'s share price dropped 0.4% on Thursday . The company traded as low as $53.67 and last traded at $53.77. Approximately 1,928,573 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 5,280,973 shares. The stock had previously closed at $53.98.

Wall Street Analysts Forecast Growth

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

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Realty Income Stock Performance

The stock has a market cap of $50.19 billion, a price-to-earnings ratio of 53.60, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79. 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 stock's 50-day simple moving average is $55.87 and its 200-day simple moving average is $56.66.

Realty Income (NYSE:O - Get Free Report) last posted 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). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

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

Hedge Funds Weigh In On Realty Income

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lee Danner & Bass Inc. bought a new stake in shares of Realty Income in the fourth quarter worth $28,000. Hopwood Financial Services Inc. bought a new stake in Realty Income in the fourth quarter valued at approximately $29,000. Sierra Ocean LLC acquired a new stake in Realty Income during the 4th quarter valued at approximately $32,000. Millstone Evans Group LLC bought a new position in Realty Income during the 4th quarter worth approximately $34,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Realty Income in the 4th quarter worth approximately $34,000. Institutional investors 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.