Shares of Realty Income Co. (NYSE:O - Get Free Report) traded up 0.1% on Monday . The company traded as high as $56.97 and last traded at $56.94. 966,797 shares traded hands during trading, a decline of 82% from the average session volume of 5,234,888 shares. The stock had previously closed at $56.89.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the stock. Mizuho increased their price objective on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target for the company. in a report on Tuesday, February 25th. Barclays reissued an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Scotiabank dropped 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 report on Friday, February 28th. Finally, Royal Bank of Canada lowered their price objective on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $62.35.
Read Our Latest Stock Analysis on Realty Income
Realty Income Stock Up 0.3 %
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 firm has a 50 day simple moving average of $56.50 and a two-hundred day simple moving average of $56.34. The stock has a market cap of $50.90 billion, a P/E ratio of 54.36, a P/E/G ratio of 2.10 and a beta of 0.79.
Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 2.35% and a net margin of 17.57%. Equities research analysts predict that Realty Income Co. will post 4.19 earnings per share for the current year.
Realty Income Dividend Announcement
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 given a $0.2685 dividend. This represents a dividend yield of 6%. The ex-dividend date is Thursday, May 1st. Realty Income's dividend payout ratio (DPR) is 328.57%.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Realty Income by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust's stock valued at $7,436,622,000 after buying an additional 555,908 shares in the last quarter. Geode Capital Management LLC raised its stake 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 acquiring an additional 658,240 shares in the last quarter. Northern Trust Corp raised its stake in shares of 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 valued at $701,792,000 after acquiring an additional 3,834,403 shares in the last quarter. Norges Bank acquired a new stake in Realty Income in the 4th quarter worth approximately $624,666,000. Finally, Raymond James Financial Inc. bought a new stake in Realty Income during the fourth quarter worth approximately $553,572,000. 70.81% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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