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

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on O. Wedbush began coverage on Realty Income in a research report on Monday, August 19th. They set a “neutral” rating and a $64.00 target price on the stock. UBS Group decreased their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday. Stifel Nicolaus lowered their price target on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Mizuho downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $64.00 to $60.00 in a research report on Thursday. Finally, Scotiabank increased their target price on shares of Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 17th. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Realty Income presently has an average rating of “Hold” and an average price target of $63.85.

Realty Income Trading Down 1.5 %

The stock has a 50 day moving average price of $61.56 and a 200 day moving average price of $57.98. The company has a market cap 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 current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm’s revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.02 EPS. Sell-side analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be paid a dividend of $0.2635 per share. The ex-dividend date is Monday, December 2nd. 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%. Realty Income’s payout ratio is currently 300.96%.

Insider Buying and Selling

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the sale, the director now directly owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. This trade represents a 48.75 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Realty Income

Hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors raised its holdings in shares of Realty Income by 2.8% in the third quarter. Captrust Financial Advisors now owns 96,169 shares of the real estate investment trust’s stock valued at $6,099,000 after buying an additional 2,609 shares during the last quarter. William Allan Corp increased its position in Realty Income by 3.9% during the 3rd quarter. William Allan Corp now owns 12,940 shares of the real estate investment trust’s stock worth $821,000 after purchasing an additional 490 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Realty Income by 3.7% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 590,235 shares of the real estate investment trust’s stock valued at $37,431,000 after buying an additional 20,981 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Realty Income by 765.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust’s stock valued at $478,556,000 after buying an additional 6,673,617 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in Realty Income by 25.3% during the third quarter. Public Sector Pension Investment Board now owns 151,959 shares of the real estate investment trust’s stock worth $9,637,000 after acquiring an additional 30,678 shares during the period. 70.81% of the stock is currently owned by hedge funds and other 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.