Realty Income (NYSE:O) Shares Down 0.4% – Time to Sell?

Realty Income Co. (NYSE:O) shares fell 0.4% during trading on Thursday . The stock traded as low as $53.67 and last traded at $53.77. 1,928,573 shares were traded during trading, a decline of 63% from the average session volume of 5,280,973 shares. The stock had previously closed at $53.98.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barclays increased their price objective on Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Mizuho raised their price objective on shares of Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday, April 3rd. Scotiabank dropped 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 note on Friday, February 28th. Stifel Nicolaus decreased their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada dropped their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Realty Income presently has an average rating of “Hold” and an average price target of $62.42.

Realty Income Trading Up 1.8 %

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 business has a 50 day moving average price of $55.87 and a 200-day moving average price of $56.70. The firm has a market capitalization of $49.17 billion, a PE ratio of 52.51, a P/E/G ratio of 2.10 and a beta of 0.79.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) 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%. Analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently announced a may 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.2685 per share. The ex-dividend date is Thursday, May 1st. This represents a yield of 6%. Realty Income’s payout ratio is currently 328.57%.

Hedge Funds Weigh In On Realty Income

Several hedge funds have recently bought and sold shares of the company. Lee Danner & Bass Inc. purchased a new position in Realty Income during the 4th quarter valued at about $28,000. Hopwood Financial Services Inc. acquired a new stake in shares of Realty Income in the fourth quarter valued at approximately $29,000. Sierra Ocean LLC purchased a new position in shares of Realty Income during the 4th quarter worth approximately $32,000. Millstone Evans Group LLC acquired a new position in shares of Realty Income during the 4th quarter worth approximately $34,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in Realty Income in the 4th quarter valued at approximately $34,000. 70.81% of the stock is 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.