Realty Income (NYSE:O) Shares Down 1% – Time to Sell?

Realty Income Co. (NYSE:O)’s stock price fell 1% on Wednesday . The company traded as low as $56.41 and last traded at $56.36. 835,176 shares changed hands during trading, a decline of 83% from the average session volume of 4,955,029 shares. The stock had previously closed at $56.96.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on O. BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a research report on Tuesday, February 25th. Scotiabank reduced 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price for the company. Stifel Nicolaus reduced their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, Mizuho lowered their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Realty Income presently has a consensus rating of “Hold” and a consensus price target of $62.04.

Realty Income Stock Down 0.9 %

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 company has a market capitalization of $50.33 billion, a P/E ratio of 53.76, a PEG ratio of 2.10 and a beta of 1.00. The stock has a 50 day moving average price of $55.28 and a 200 day moving average price of $57.60.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The firm had revenue of $1.34 billion for 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%. On average, research analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.2685 per share. This represents a yield of 5.7%. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. Realty Income’s payout ratio is presently 328.57%.

Institutional Inflows and Outflows

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