Realty Income Co. (NYSE:O - Get Free Report)'s stock price traded down 1.1% on Thursday . The company traded as low as $57.10 and last traded at $57.44. 1,337,068 shares changed hands during trading, a decline of 77% from the average session volume of 5,691,291 shares. The stock had previously closed at $58.05.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the company. Barclays restated an "overweight" rating on shares of Realty Income in a research note on Tuesday. Mizuho boosted their price objective on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. Royal Bank of Canada dropped their target price on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Stifel Nicolaus cut their target price on Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Finally, Scotiabank lowered their price target on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a research report on Friday, February 28th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $62.35.
Read Our Latest Stock Report on O
Realty Income Trading Down 0.4 %
The business's 50 day moving average price is $56.50 and its two-hundred day moving average price is $56.37. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market capitalization of $50.74 billion, a price-to-earnings ratio of 54.19, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79.
Realty Income (NYSE:O - Get Free Report) last released its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Equities 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 declared a may 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.2685 dividend. This represents a yield of 6%. The ex-dividend date is Thursday, May 1st. Realty Income's dividend payout ratio (DPR) is presently 328.57%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Realty Income by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust's stock worth $7,436,622,000 after acquiring an additional 555,908 shares in the last quarter. Geode Capital Management LLC boosted 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 purchasing an additional 658,240 shares during the period. Northern Trust Corp increased its stake in Realty Income by 41.2% in the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock worth $701,792,000 after purchasing an additional 3,834,403 shares in the last quarter. Norges Bank purchased a new position in Realty Income in the 4th quarter worth about $624,666,000. Finally, Raymond James Financial Inc. acquired a new stake in Realty Income during the 4th quarter worth about $553,572,000. Institutional investors and hedge funds own 70.81% of the company's stock.
About Realty Income
(
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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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