Realty Income (NYSE:O) Trading Down 0.9% Following Analyst Downgrade

Realty Income Co. (NYSE:O - Get Free Report) shares were down 0.9% during trading on Wednesday after Barclays lowered their price target on the stock from $59.00 to $58.00. Barclays currently has an equal weight rating on the stock. Realty Income traded as low as $57.84 and last traded at $57.99. Approximately 1,539,124 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 5,253,708 shares. The stock had previously closed at $58.52.

Other analysts have also issued reports about the stock. Royal Bank of Canada reduced their price objective on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Stifel Nicolaus cut their target price on Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Mizuho raised their price target on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Scotiabank reduced their target price on Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. Finally, BNP Paribas downgraded Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price for the company. in a research report on Tuesday, February 25th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $62.35.

Institutional Investors Weigh In On Realty Income

Several large investors have recently modified their holdings of the business. Lee Danner & Bass Inc. bought a new stake in Realty Income during the 4th quarter valued at $28,000. Hopwood Financial Services Inc. purchased a new position in Realty Income in the fourth quarter valued at about $29,000. Sierra Ocean LLC bought a new position in Realty Income in the fourth quarter worth about $32,000. PSI Advisors LLC lifted its position in shares of Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 252 shares during the last quarter. Finally, Millstone Evans Group LLC bought a new stake in shares of Realty Income in the 4th quarter valued at about $34,000. Institutional investors own 70.81% of the company's stock.

Realty Income Stock Performance

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 has a market cap of $51.71 billion, a PE ratio of 55.23, a P/E/G ratio of 2.10 and a beta of 0.79. The business's 50-day moving average price is $56.34 and its 200-day moving average price is $56.46.

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 earnings per share (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 analyst estimates 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 expect that Realty Income Co. will post 4.19 earnings per share 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. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.2685 per share. The ex-dividend date is Thursday, May 1st. This represents a dividend yield of 6%. Realty Income's payout ratio is 328.57%.

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.

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