Realty Income (NYSE:O) Trading Down 2.6%

Realty Income Co. (NYSE:O)’s share price fell 2.6% during mid-day trading on Thursday . The stock traded as low as $60.42 and last traded at $60.58. 1,811,768 shares were traded during mid-day trading, a decline of 69% from the average session volume of 5,815,350 shares. The stock had previously closed at $62.19.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on O shares. Wells Fargo & Company raised their price objective on shares of Realty Income from $57.00 to $62.00 and gave the stock an “equal weight” rating in a report on Monday, August 26th. Robert W. Baird raised their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Scotiabank upped their price objective on Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research note on Tuesday. Wedbush began coverage on Realty Income in a research report on Monday, August 19th. They set a “neutral” rating and a $64.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their price target on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $62.59.

Realty Income Stock Up 1.5 %

The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39. The stock’s fifty day simple moving average is $60.28 and its two-hundred day simple moving average is $55.67. The stock has a market capitalization of $53.67 billion, a P/E ratio of 57.06, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99.

Realty Income (NYSE:O) last issued its quarterly earnings data 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). Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the business earned $1.00 earnings per share. Realty Income’s revenue was up 31.4% compared to the same quarter last year. As a group, research analysts expect that Realty Income Co. will post 3.93 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a oct 24 dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.2635 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This is an increase from Realty Income’s previous oct 24 dividend of $0.26. This represents a dividend yield of 5%. Realty Income’s payout ratio is presently 292.59%.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the 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 completion of the sale, the director now owns 26,579 shares in the company, valued at approximately $1,663,313.82. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 sale, the director now directly owns 5,257 shares in the company, valued at approximately $319,467.89. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in O. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Realty Income by 117.4% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 630,500 shares of the real estate investment trust’s stock worth $33,303,000 after buying an additional 340,500 shares during the last quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group raised its stake in shares of Realty Income by 6.8% during the second quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group now owns 24,570 shares of the real estate investment trust’s stock worth $1,298,000 after acquiring an additional 1,568 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Realty Income in the 2nd quarter worth approximately $8,200,000. Cetera Investment Advisers boosted its stake in shares of Realty Income by 2.4% in the 2nd quarter. Cetera Investment Advisers now owns 974,442 shares of the real estate investment trust’s stock valued at $51,470,000 after purchasing an additional 23,107 shares in the last quarter. Finally, Pathway Financial Advisers LLC lifted its stake in Realty Income by 1.5% in the second quarter. Pathway Financial Advisers LLC now owns 84,882 shares of the real estate investment trust’s stock worth $4,475,000 after purchasing an additional 1,291 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

About Realty Income

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.