Shares of Realty Income Co. (NYSE:O - Get Free Report) traded down 0.3% on Thursday . The stock traded as low as $56.21 and last traded at $56.27. 892,224 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 4,957,280 shares. The stock had previously closed at $56.44.
Analyst Ratings Changes
Several brokerages have issued reports on O. Royal Bank of Canada dropped their target price on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Stifel Nicolaus lowered 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. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research note on Wednesday, December 11th. They set a "hold" rating and a $62.00 price objective for the company. Mizuho lowered their price target on shares of Realty Income from $60.00 to $54.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Finally, BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective for the company. in a research note on Tuesday, February 25th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Realty Income presently has a consensus rating of "Hold" and a consensus target price of $62.04.
Get Our Latest Stock Analysis on O
Realty Income Stock Up 0.9 %
The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of $50.18 billion, a price-to-earnings ratio of 53.61, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The business has a fifty day moving average price of $55.52 and a two-hundred day moving average price of $57.47.
Realty Income (NYSE:O - Get Free Report) last announced 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). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. On average, equities analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.
Realty Income Increases Dividend
The business also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a $0.2685 dividend. This represents a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a positive change from Realty Income's previous apr 25 dividend of $0.27. Realty Income's dividend payout ratio is currently 328.57%.
Hedge Funds Weigh In On Realty Income
Several large investors have recently made changes to their positions in the company. Lee Danner & Bass Inc. purchased a new position in Realty Income during the fourth quarter worth approximately $28,000. Hopwood Financial Services Inc. purchased a new stake in Realty Income in the 4th quarter worth $29,000. Sierra Ocean LLC acquired a new position in Realty Income during the fourth quarter worth $32,000. Millstone Evans Group LLC purchased a new position in Realty Income during the fourth quarter valued at $34,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of Realty Income in the fourth quarter valued at about $34,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.
Realty Income Company Profile
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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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