Realty Income (NYSE:O) Stock Price Down 1% - Should You Sell?

Realty Income Co. (NYSE:O - Get Free Report)'s share price traded down 1% during trading on Wednesday . The stock traded as low as $56.41 and last traded at $56.36. 835,176 shares were traded during mid-day trading, a decline of 83% from the average session volume of 4,955,029 shares. The stock had previously closed at $56.96.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on O shares. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a research report on Wednesday, December 11th. They set a "hold" rating and a $62.00 target price on the stock. Scotiabank lowered their target price on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Barclays raised their price target 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. Royal Bank of Canada reduced their price objective on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Finally, BNP Paribas downgraded Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price on the stock. in a research note on Tuesday, February 25th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $62.04.

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Realty Income Trading Down 1.2 %

The firm has a fifty day moving average of $55.52 and a two-hundred day moving average of $57.50. The company has a market cap of $49.73 billion, a PE ratio of 53.13, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

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 business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. As a group, sell-side analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a $0.2685 dividend. This is a positive change from Realty Income's previous apr 25 dividend of $0.27. This represents a dividend yield of 5.7%. The ex-dividend date is Tuesday, April 1st. Realty Income's dividend payout ratio (DPR) is presently 328.57%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Tcfg Wealth Management LLC increased its holdings in shares of Realty Income by 2.9% in the fourth quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust's stock worth $357,000 after purchasing an additional 186 shares during the period. Romano Brothers AND Company increased its stake in Realty Income by 2.0% in the 4th quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust's stock worth $544,000 after acquiring an additional 200 shares during the last quarter. Bay Rivers Group raised its holdings in shares of Realty Income by 1.0% in the 4th quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust's stock valued at $1,103,000 after acquiring an additional 200 shares in the last quarter. Smith Moore & CO. boosted its position in shares of Realty Income by 4.8% during the 4th quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock valued at $237,000 after acquiring an additional 201 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Realty Income by 11.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust's stock worth $115,000 after purchasing an additional 218 shares in the last quarter. 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.