Realty Income Co. (NYSE:O - Get Free Report)'s share price fell 0.6% during trading on Friday . The stock traded as low as $55.28 and last traded at $56.71. 3,891,007 shares traded hands during trading, a decline of 25% from the average session volume of 5,162,803 shares. The stock had previously closed at $57.06.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. Scotiabank lowered their target price on Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a research report on Friday, February 28th. Barclays raised their target price on shares of Realty Income from $56.00 to $59.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 4th. 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 research report on Wednesday, January 8th. BNP Paribas lowered 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. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a "hold" rating and a $62.00 target price on the stock. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $62.42.
Check Out Our Latest Stock Analysis on O
Realty Income Stock Performance
The firm has a market cap of $46.57 billion, a PE ratio of 49.73, a P/E/G ratio of 2.10 and a beta of 0.79. 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 stock's 50 day moving average price is $55.97 and its 200 day moving average price is $56.99.
Realty Income (NYSE:O - Get Free Report) last released its 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 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 analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.
Realty Income Dividend Announcement
The business also recently announced a may 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a $0.2685 dividend. Realty Income's dividend payout ratio is presently 328.57%.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in Realty Income during the 4th quarter worth approximately $553,572,000. Trust Co. of Vermont boosted its stake in Realty Income by 12.7% in the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust's stock valued at $13,540,000 after acquiring an additional 28,480 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Realty Income by 27.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock valued at $40,656,000 after purchasing an additional 166,178 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Realty Income by 6.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust's stock worth $93,850,000 after acquiring an additional 101,184 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Realty Income by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust's stock valued at $138,937,000 after purchasing an additional 74,185 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.
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.
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