Realty Income (NYSE:O) Shares Down 0.2%

Shares of Realty Income Co. (NYSE:O) fell 0.2% during mid-day trading on Wednesday . The stock traded as low as $57.25 and last traded at $57.37. 1,011,446 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 6,125,808 shares. The stock had previously closed at $57.49.

Analysts Set New Price Targets

Several equities analysts recently issued reports on O shares. Mizuho boosted their target price on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Scotiabank lifted their price target on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research note on Thursday, May 16th. UBS Group increased their price target on Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, KeyCorp began coverage on Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating for the company. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $61.88.

Realty Income Stock Up 1.2 %

The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. The firm has a market capitalization of $50.57 billion, a PE ratio of 53.33, a P/E/G ratio of 4.98 and a beta of 0.96. The business’s 50 day moving average price is $53.89 and its 200-day moving average price is $53.85.

Realty Income (NYSE:O) last posted its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.87). The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. Realty Income’s revenue was up 33.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 EPS. As a group, equities research analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently declared a aug 24 dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a dividend of $0.263 per share. The ex-dividend date is Thursday, August 1st. This represents a yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is 292.59%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in O. Baystate Wealth Management LLC lifted its stake in Realty Income by 62.7% during the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 190 shares during the last quarter. WASHINGTON TRUST Co lifted its position in Realty Income by 65.7% during the 1st quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 197 shares during the period. Essex Financial Services Inc. boosted its holdings in shares of Realty Income by 1.5% in the first quarter. Essex Financial Services Inc. now owns 13,420 shares of the real estate investment trust’s stock valued at $726,000 after acquiring an additional 199 shares in the last quarter. Optimum Investment Advisors boosted its holdings in Realty Income by 11.1% in the 2nd quarter. Optimum Investment Advisors now owns 2,000 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 200 shares in the last quarter. Finally, MeadowBrook Investment Advisors LLC boosted its stake in shares of Realty Income by 3.4% in the second quarter. MeadowBrook Investment Advisors LLC now owns 6,092 shares of the real estate investment trust’s stock valued at $322,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

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.