Realty Income (NYSE:O) Shares Down 0.5% – Should You Sell?

Shares of Realty Income Co. (NYSE:O) traded down 0.5% during mid-day trading on Tuesday . The company traded as low as $60.68 and last traded at $60.96. 839,951 shares changed hands during trading, a decline of 85% from the average session volume of 5,644,996 shares. The stock had previously closed at $61.29.

Wall Street Analyst Weigh In

Several analysts have issued reports on O shares. Wells Fargo & Company reissued an “equal weight” rating and issued a $65.00 price target (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Robert W. Baird boosted their target price on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Wedbush initiated coverage on shares of Realty Income in a research note on Monday, August 19th. They set a “neutral” rating and a $64.00 price target for the company. Morgan Stanley reissued an “equal weight” rating and issued a $62.00 price objective on shares of Realty Income in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average price target of $63.94.

Realty Income Stock Performance

The stock has a market capitalization of $51.96 billion, a P/E ratio of 55.61, a PEG ratio of 4.27 and a beta of 0.99. The company’s fifty day simple moving average is $62.34 and its two-hundred day simple moving average is $57.61. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39.

Realty Income (NYSE:O) last announced its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. Realty Income had a return on equity of 2.36% and a net margin of 17.89%. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.00 EPS. As a group, equities analysts forecast that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Dividend Announcement

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

Insider Buying and Selling at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value of $107,136.96. Following the transaction, the director now owns 26,579 shares in the company, valued at $1,663,313.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value 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 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Institutional Trading of Realty Income

Institutional investors have recently added to or reduced their stakes in the stock. Baugh & Associates LLC increased its holdings in Realty Income by 1.5% in the third quarter. Baugh & Associates LLC now owns 78,689 shares of the real estate investment trust’s stock worth $4,815,000 after purchasing an additional 1,179 shares in the last quarter. Graypoint LLC raised its position in Realty Income by 9.8% in the 3rd quarter. Graypoint LLC now owns 6,826 shares of the real estate investment trust’s stock valued at $433,000 after buying an additional 610 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of Realty Income by 2.3% during the third quarter. Concurrent Investment Advisors LLC now owns 21,276 shares of the real estate investment trust’s stock valued at $1,349,000 after purchasing an additional 486 shares in the last quarter. Harvest Portfolios Group Inc. lifted its position in shares of Realty Income by 206.0% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 22,577 shares of the real estate investment trust’s stock worth $1,432,000 after buying an additional 15,200 shares in the last quarter. Finally, Leslie Global Wealth LLC lifted its holdings in Realty Income by 7.0% during the third quarter. Leslie Global Wealth LLC now owns 132,162 shares of the real estate investment trust’s stock worth $8,382,000 after acquiring an additional 8,610 shares during the period. 70.81% of the stock is currently 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.