Realty Income (NYSE:O) Shares Down 0.4% – Here’s Why

Realty Income Co. (NYSE:O)’s share price dropped 0.4% during trading on Tuesday . The company traded as low as $63.44 and last traded at $63.56. Approximately 530,565 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 5,676,926 shares. The stock had previously closed at $63.79.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on O shares. JPMorgan Chase & Co. upped their price objective on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Robert W. Baird raised their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Stifel Nicolaus increased their price objective on shares of Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 target price on shares of Realty Income in a research report on Tuesday, August 6th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $65.00 price target (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $63.94.

Realty Income Price Performance

The business’s 50-day simple moving average is $62.10 and its two-hundred day simple moving average is $57.19. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66. The firm has a market cap of $55.48 billion, a price-to-earnings ratio of 59.06, a P/E/G ratio of 4.32 and a beta of 0.99.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a net margin of 17.89% and a return on equity of 2.36%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was up 31.4% compared to the same quarter last year. As a group, research analysts expect that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Dividend Announcement

The business also recently announced a nov 24 dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a dividend of $0.2635 per share. This represents a yield of 5.1%. The ex-dividend date is Friday, November 1st. Realty Income’s dividend payout ratio is presently 292.59%.

Insider Buying and Selling

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the sale, the director now directly owns 26,579 shares of the company’s stock, valued at $1,663,313.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director A. Larry Chapman sold 5,000 shares of the 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 transaction, the director now directly owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Realty Income

Several large investors have recently added to or reduced their stakes in the company. Pacifica Partners Inc. grew 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 buying an additional 400 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of Realty Income during the 1st quarter worth $27,000. Bell Investment Advisors Inc lifted its holdings in shares of Realty Income by 69.6% during the 1st quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 217 shares during the last quarter. MFA Wealth Advisors LLC bought a new stake in shares of Realty Income during the 2nd quarter worth $33,000. Finally, Riverview Trust Co bought a new stake in shares of Realty Income during the 1st quarter worth $34,000. 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.