Realty Income (NYSE:O) Shares Up 1.8% - Should You Buy?

Realty Income Co. (NYSE:O - Get Free Report) traded up 1.8% during trading on Tuesday . The stock traded as high as $54.44 and last traded at $53.86. 2,485,746 shares were traded during mid-day trading, a decline of 52% from the average session volume of 5,222,488 shares. The stock had previously closed at $52.93.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on O. Stifel Nicolaus reduced their price objective on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada lowered 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. BNP Paribas cut Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target for the company. in a research report on Tuesday, February 25th. Barclays boosted their price target on Realty Income from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. Finally, Mizuho increased their price objective on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $62.42.

Realty Income Trading Up 1.8 %

The firm has a 50 day moving average price of $55.87 and a 200 day moving average price of $56.70. The stock has a market capitalization of $49.17 billion, a PE ratio of 52.51, a P/E/G ratio of 2.10 and a beta of 0.79. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

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Realty Income (NYSE:O - Get Free Report) last issued 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 business had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Equities analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of O. Vanguard Group Inc. grew its position in shares of 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 purchasing an additional 555,908 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Realty Income by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock worth $1,253,584,000 after buying an additional 658,240 shares during the period. Northern Trust Corp increased its holdings 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 buying an additional 3,834,403 shares during the period. Norges Bank purchased a new position in shares of Realty Income during the 4th quarter valued at about $624,666,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Realty Income during the 4th quarter valued at about $553,572,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

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.