Realty Income (NYSE:O) Trading Down 1.5% Following Analyst Downgrade

Shares of Realty Income Co. (NYSE:O - Get Free Report) fell 1.5% during trading on Thursday after UBS Group lowered their price target on the stock from $72.00 to $71.00. UBS Group currently has a buy rating on the stock. Realty Income traded as low as $55.88 and last traded at $56.02. 1,733,200 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 5,662,339 shares. The stock had previously closed at $56.90.

A number of other equities research analysts have also commented on the stock. Royal Bank of Canada lowered their price target on shares of Realty Income from $67.00 to $63.00 and set an "outperform" rating for the company in a report on Wednesday, November 6th. Morgan Stanley reiterated an "equal weight" rating and set a $62.00 price target on shares of Realty Income in a report on Tuesday, August 6th. Wedbush assumed coverage on shares of Realty Income in a report on Monday, August 19th. They issued a "neutral" rating and a $64.00 price objective for the company. Scotiabank upped their price objective on shares of Realty Income from $61.00 to $64.00 and gave the stock a "sector perform" rating in a report on Tuesday, September 17th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Realty Income from $60.00 to $67.00 and gave the company a "neutral" rating in a research report on Tuesday, September 3rd. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $63.85.

Insider Buying and Selling at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the firm's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the transaction, the director now directly owns 5,257 shares of the company's stock, valued at approximately $319,467.89. This trade represents a 48.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mary Hogan Preusse sold 1,712 shares of the firm's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the transaction, the director now directly owns 26,579 shares of the company's stock, valued at approximately $1,663,313.82. This trade represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Pacifica Partners Inc. lifted its position in shares of Realty Income by 444.4% during the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 400 shares during the last quarter. Rosenberg Matthew Hamilton lifted its position in shares of Realty Income by 75.4% during the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 211 shares during the last quarter. Creative Capital Management Investments LLC raised its holdings in shares of Realty Income by 133.3% in the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 300 shares in the last quarter. MFA Wealth Advisors LLC bought a new stake in shares of Realty Income in the second quarter valued at about $33,000. Finally, Headlands Technologies LLC bought a new stake in shares of Realty Income in the second quarter valued at about $42,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Price Performance

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 fifty day moving average of $61.56 and a two-hundred day moving average of $57.98. The stock has a market capitalization of $49.07 billion, a P/E ratio of 53.35, a P/E/G ratio of 4.01 and a beta of 0.99.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business's revenue was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.02 earnings per share. On average, analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.2635 per share. This is a positive change from Realty Income's previous monthly dividend of $0.24. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.64%. Realty Income's payout ratio is presently 300.96%.

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.