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

by · The Markets Daily

Realty Income Co. (NYSE:O – Get Free Report) dropped 0.4% on Tuesday . The company traded as low as $63.44 and last traded at $63.56. Approximately 530,565 shares traded hands during trading, a decline of 91% from the average daily volume of 5,676,926 shares. The stock had previously closed at $63.79.

Analysts Set New Price Targets

Several brokerages have commented on O. UBS Group boosted their price target on shares of Realty Income from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Robert W. Baird boosted their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Scotiabank boosted their price target 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. JPMorgan Chase & Co. boosted their price target on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Finally, Stifel Nicolaus boosted their price target 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. Nine investment 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, the company currently has an average rating of “Hold” and an average target price of $63.94.

View Our Latest Analysis on O

Realty Income Trading Down 0.1 %

The firm has a market cap of $55.48 billion, a P/E ratio of 59.06, a PEG ratio of 4.32 and a beta of 0.99. The company has a 50 day moving average of $62.10 and a 200 day moving average of $57.19. 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 – Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.22 billion. Realty Income had a net margin of 17.89% and a return on equity of 2.36%. The company’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 EPS. Analysts predict that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Dividend Announcement

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

Insider Buying and Selling

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

Institutional Investors Weigh In On Realty Income

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Realty Income by 18.3% during 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. Legal & General Group Plc lifted its holdings in Realty Income by 4.5% during the second quarter. Legal & General Group Plc now owns 12,258,468 shares of the real estate investment trust’s stock worth $647,492,000 after acquiring an additional 531,008 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Realty Income by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 11,682,105 shares of the real estate investment trust’s stock worth $617,043,000 after acquiring an additional 413,865 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Realty Income by 2.2% during the first quarter. Daiwa Securities Group Inc. now owns 9,214,683 shares of the real estate investment trust’s stock worth $498,514,000 after acquiring an additional 196,635 shares in the last quarter. Finally, APG Asset Management US Inc. lifted its holdings in Realty Income by 3.1% during the second quarter. APG Asset Management US Inc. now owns 8,680,325 shares of the real estate investment trust’s stock worth $454,502,000 after acquiring an additional 265,000 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Company Profile

(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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