Realty Income (NYSE:O) Trading Down 0.1% - Here's What Happened

Realty Income Co. (NYSE:O - Get Free Report)'s share price dropped 0.1% during mid-day trading on Tuesday . The stock traded as low as $56.02 and last traded at $56.22. Approximately 906,772 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 4,993,201 shares. The stock had previously closed at $56.28.

Analyst Ratings Changes

A number of research analysts recently issued reports on O shares. Stifel Nicolaus lowered their price target on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Barclays lifted their target price on shares of Realty Income from $56.00 to $59.00 and gave the company an "equal weight" rating in a report on Tuesday, March 4th. BNP Paribas downgraded Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target on the stock. in a research note on Tuesday, February 25th. Scotiabank lowered their price objective on 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. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research note on Wednesday, December 11th. They issued a "hold" rating and a $62.00 target price on the stock. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $62.04.

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Realty Income Trading Down 1.0 %

The company has a market capitalization of $49.66 billion, a P/E ratio of 53.02, a PEG ratio of 2.10 and a beta of 1.00. 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 stock has a fifty day moving average of $55.60 and a 200 day moving average of $57.42.

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 EPS 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 the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. As a group, equities research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.2685 per share. This represents a dividend yield of 5.7%. This is an increase from Realty Income's previous apr 25 dividend of $0.27. The ex-dividend date of this dividend is Tuesday, April 1st. Realty Income's dividend payout ratio (DPR) is presently 328.57%.

Institutional Investors Weigh In On Realty Income

A number of institutional investors have recently bought and sold shares of O. Lee Danner & Bass Inc. bought a new position in Realty Income in the 4th quarter worth approximately $28,000. Hopwood Financial Services Inc. bought a new position in shares of Realty Income during the fourth quarter worth $29,000. Sierra Ocean LLC purchased a new position in Realty Income during the fourth quarter valued at $32,000. Millstone Evans Group LLC bought a new stake in Realty Income in the 4th quarter valued at $34,000. Finally, Fourth Dimension Wealth LLC bought 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.

Realty Income Company Profile

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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