Shares of Realty Income Co. (NYSE:O - Get Free Report) fell 0.4% during mid-day trading on Friday . The company traded as low as $53.65 and last traded at $53.92. 1,122,560 shares traded hands during trading, a decline of 79% from the average session volume of 5,279,454 shares. The stock had previously closed at $54.15.
Analysts Set New Price Targets
O has been the subject of a number of recent research reports. Stifel Nicolaus dropped their target price on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada dropped 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. BNP Paribas downgraded shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price on the stock. in a research note on Tuesday, February 25th. Scotiabank cut their price target on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. Finally, Mizuho raised their price objective on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Realty Income has a consensus rating of "Hold" and an average price target of $62.42.
View Our Latest Stock Analysis on O
Realty Income Price Performance
The firm's 50-day moving average price is $55.91 and its two-hundred day moving average price is $56.62. The stock has a market cap of $50.85 billion, a PE ratio of 54.30, a PEG 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.
Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 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 for the quarter, compared to analysts' expectations of $1.28 billion. On average, equities analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.
Realty Income Dividend Announcement
The business also recently declared a may 25 dividend, which will be paid on Thursday, May 15th. Shareholders 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 yield of 6%. Realty Income's payout ratio is 328.57%.
Institutional Investors Weigh In On Realty Income
A number of large investors have recently bought and sold shares of O. Lee Danner & Bass Inc. purchased a new position in Realty Income during the fourth quarter valued at approximately $28,000. Hopwood Financial Services Inc. acquired a new position in shares of Realty Income during the fourth quarter valued at approximately $29,000. Sierra Ocean LLC purchased a new position in Realty Income in the 4th quarter valued at $32,000. Millstone Evans Group LLC acquired a new position in Realty Income during the fourth quarter worth about $34,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in Realty Income in the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 70.81% of the company's stock.
About Realty Income
(
Get Free Report)
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.
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