Realty Income (NYSE:O) Shares Down 0.3% – Time to Sell?

Shares of Realty Income Co. (NYSE:O) dropped 0.3% during trading on Monday . The stock traded as low as $58.10 and last traded at $58.14. Approximately 1,075,124 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 5,737,983 shares. The stock had previously closed at $58.32.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Stifel Nicolaus reduced their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Scotiabank lowered their target price on 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. Barclays boosted their price target on Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a report on Tuesday, February 25th. Finally, Royal Bank of Canada dropped their price target on shares of 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 issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $62.42.

Realty Income Stock Performance

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 stock has a 50-day moving average of $56.19 and a 200 day moving average of $56.48. The stock has a market cap of $51.23 billion, a PE ratio of 54.71, a P/E/G ratio of 2.10 and a beta of 0.79.

Realty Income (NYSE:O) 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 company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Equities analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

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

Hedge Funds Weigh In On Realty Income

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Realty Income by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust’s stock worth $7,436,622,000 after purchasing an additional 555,908 shares in the last quarter. Geode Capital Management LLC boosted its position in Realty Income by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust’s stock valued at $1,253,584,000 after buying an additional 658,240 shares during the last quarter. Northern Trust Corp grew its stake in Realty Income by 41.2% during the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust’s stock valued at $701,792,000 after purchasing an additional 3,834,403 shares in the last quarter. Norges Bank bought a new stake in shares of Realty Income in the fourth quarter worth $624,666,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Realty Income in the 4th quarter valued at about $553,572,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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.