Realty Income (NYSE:O) Stock Price Up 1.1% - Time to Buy?

Realty Income Co. (NYSE:O - Get Free Report) rose 1.1% during mid-day trading on Tuesday . The company traded as high as $58.77 and last traded at $58.62. Approximately 706,884 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 5,250,958 shares. The stock had previously closed at $57.96.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on O. Scotiabank lowered their price objective on shares of 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. BNP Paribas downgraded shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target for the company. in a research report on Tuesday, February 25th. Royal Bank of Canada lowered 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 note on Wednesday, February 26th. Stifel Nicolaus dropped their price target 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. Finally, Barclays reissued an "overweight" rating on shares of Realty Income in a research note on Tuesday. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $62.35.

Realty Income Trading Down 1.3 %

The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm's 50 day simple moving average is $56.41 and its two-hundred day simple moving average is $56.47. The stock has a market cap of $51.11 billion, a P/E ratio of 54.57, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79.

Realty Income (NYSE:O - Get Free Report) last issued 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 company had revenue of $1.34 billion during 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 predict that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given 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 is presently 328.57%.

Institutional Trading of Realty Income

A number of hedge funds and other institutional investors have recently made changes to their positions in O. Tcfg Wealth Management LLC raised its position 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 valued at $357,000 after buying an additional 186 shares in the last quarter. Romano Brothers AND Company grew its holdings in shares of Realty Income by 2.0% during the 4th quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust's stock worth $544,000 after purchasing an additional 200 shares in the last quarter. Bay Rivers Group increased its position in shares of Realty Income by 1.0% in the fourth quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust's stock worth $1,103,000 after purchasing an additional 200 shares during the period. Smith Moore & CO. raised its stake in Realty Income by 4.8% in the fourth quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock valued at $237,000 after purchasing an additional 201 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in 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 during the period. 70.81% of the stock is currently owned by institutional investors.

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.