Realty Income (NYSE:O) Trading Down 0.9% – Time to Sell?

by · The Cerbat Gem

Shares of Realty Income Co. (NYSE:O – Get Free Report) fell 0.9% on Friday . The company traded as low as $62.65 and last traded at $62.72. 1,002,878 shares were traded during trading, a decline of 82% from the average session volume of 5,649,657 shares. The stock had previously closed at $63.31.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on O. JPMorgan Chase & Co. lifted their price target 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. Scotiabank lifted their price target on shares of Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 17th. Wedbush initiated coverage on shares of Realty Income in a research report on Monday, August 19th. They set a “neutral” rating and a $64.00 target price on the stock. Stifel Nicolaus boosted their target price on shares of Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $65.00 target price (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $63.94.

Read Our Latest Research Report on O

Realty Income Trading Down 1.7 %

The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. The business’s 50 day moving average is $62.25 and its 200-day moving average is $57.31. The firm has a market cap of $54.21 billion, a P/E ratio of 58.07, a price-to-earnings-growth ratio of 4.43 and a beta of 0.99.

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

Realty Income Announces Dividend

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

Insider Buying and Selling at Realty Income

In other news, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were 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 approximately $1,663,313.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were 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 approximately $1,663,313.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director A. Larry Chapman sold 5,000 shares of the business’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 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 position. 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 institutional investors have recently bought and sold shares of O. Vanguard Group Inc. lifted its holdings in Realty Income by 18.3% in the first quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock worth $7,290,982,000 after purchasing an additional 20,848,560 shares during the period. Raymond James & Associates lifted its holdings in Realty Income by 92.4% in the third quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust’s stock worth $410,932,000 after purchasing an additional 3,112,560 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Realty Income by 63.2% in the second quarter. Canada Pension Plan Investment Board now owns 2,610,483 shares of the real estate investment trust’s stock worth $137,886,000 after purchasing an additional 1,010,876 shares during the period. Centersquare Investment Management LLC lifted its holdings in Realty Income by 14.9% in the first quarter. Centersquare Investment Management LLC now owns 6,824,420 shares of the real estate investment trust’s stock worth $365,379,000 after purchasing an additional 885,852 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in Realty Income by 410.7% in the first quarter. Cetera Investment Advisers now owns 951,335 shares of the real estate investment trust’s stock worth $51,467,000 after purchasing an additional 765,048 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

About Realty Income

(Get Free Report)

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.

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