Realty Income (NYSE:O) Stock Price Down 0.5% - Should You Sell?

Realty Income Co. (NYSE:O - Get Free Report)'s share price dropped 0.5% during mid-day trading on Friday . The company traded as low as $56.56 and last traded at $56.84. Approximately 989,469 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 5,245,273 shares. The stock had previously closed at $57.15.

Analysts Set New Price Targets

A number of analysts have issued reports on O shares. Royal Bank of Canada cut 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. Barclays restated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Stifel Nicolaus cut their price target on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Scotiabank lowered their price objective on shares of 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, Mizuho upped their target price on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Realty Income currently has an average rating of "Hold" and an average price target of $62.35.

Realty Income Stock Performance

The firm's fifty day moving average price is $56.50 and its 200-day moving average price is $56.34. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a market cap of $50.74 billion, a price-to-earnings ratio of 54.19, a PEG ratio of 2.10 and a beta of 0.79.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results 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 firm had revenue of $1.34 billion during 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%. Analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

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

Institutional Investors Weigh In On Realty Income

Hedge funds have recently modified their holdings of the stock. Alta Advisers Ltd purchased a new position in Realty Income in the first quarter valued at about $239,000. Koshinski Asset Management Inc. purchased a new position in shares of Realty Income in the first quarter valued at $210,000. Prairiewood Capital LLC increased its position in shares of Realty Income by 15.2% in the first quarter. Prairiewood Capital LLC now owns 81,633 shares of the real estate investment trust's stock valued at $4,736,000 after buying an additional 10,748 shares in the last quarter. Jacobsen Capital Management raised its stake in shares of Realty Income by 6.7% during the 1st quarter. Jacobsen Capital Management now owns 4,322 shares of the real estate investment trust's stock worth $251,000 after buying an additional 270 shares during the last quarter. Finally, Ameritas Advisory Services LLC raised its position in Realty Income by 1.5% during the first quarter. Ameritas Advisory Services LLC now owns 26,998 shares of the real estate investment trust's stock worth $1,459,000 after acquiring an additional 399 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

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.