Realty Income (NYSE:O) Stock Price Down 0.4% – What’s Next?

Shares of Realty Income Co. (NYSE:O) traded down 0.4% during mid-day trading on Tuesday . The stock traded as low as $57.23 and last traded at $57.41. 949,361 shares changed hands during trading, a decline of 83% from the average session volume of 5,677,089 shares. The stock had previously closed at $57.65.

Analysts Set New Price Targets

O has been the subject of several research reports. Royal Bank of Canada cut their price objective on Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Robert W. Baird upped their price objective on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. boosted their target price on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Mizuho cut Realty Income from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $64.00 to $60.00 in a report on Thursday. Finally, Stifel Nicolaus lowered their price target on Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Realty Income has an average rating of “Hold” and an average target price of $63.85.

Realty Income Stock Down 1.5 %

The company’s 50 day simple moving average is $61.56 and its 200-day simple moving average is $57.98. The firm has a market capitalization of $49.07 billion, a PE ratio of 53.35, a PEG ratio of 4.01 and a beta of 0.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The company had revenue of $1.33 billion for 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 firm’s quarterly revenue was up 28.1% on a year-over-year basis. During the same period last year, the business earned $1.02 EPS. On average, analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

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

Insider Activity

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

Institutional Trading of Realty Income

Large investors have recently added to or reduced their stakes in the stock. Pacifica Partners Inc. raised its stake in Realty Income by 444.4% in the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 400 shares during the last quarter. Rosenberg Matthew Hamilton boosted 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 buying an additional 211 shares during the period. MFA Wealth Advisors LLC bought a new stake in Realty Income in the second quarter worth about $33,000. Creative Capital Management Investments LLC raised its holdings in Realty Income by 133.3% during 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 buying an additional 300 shares in the last quarter. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Realty Income in the 2nd quarter worth approximately $42,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

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.