Realty Income (NYSE:O) Trading Down 0.6% After Analyst Downgrade

Realty Income Co. (NYSE:O)’s stock price dropped 0.6% during mid-day trading on Thursday after Royal Bank of Canada lowered their price target on the stock from $67.00 to $63.00. Royal Bank of Canada currently has an outperform rating on the stock. Realty Income traded as low as $56.61 and last traded at $56.63. Approximately 1,586,074 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 5,675,053 shares. The stock had previously closed at $57.00.

O has been the subject of a number of other research reports. Stifel Nicolaus reduced their target price on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a research report on Tuesday. Wells Fargo & Company restated an “equal weight” rating and set a $65.00 target price (up previously from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. UBS Group lifted their price target on shares of Realty Income from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Scotiabank raised their price objective on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 17th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $62.00 target price on shares of Realty Income in a research report on Tuesday, August 6th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Realty Income presently has an average rating of “Hold” and a consensus price target of $63.85.

Insider Transactions at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the transaction, the director now directly owns 5,257 shares of the company’s stock, valued at $319,467.89. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the sale, the director now directly owns 5,257 shares in the company, valued at approximately $319,467.89. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the transaction, the director now directly owns 26,579 shares in the company, valued at $1,663,313.82. 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 business. Fifth Third Wealth Advisors LLC grew its holdings in Realty Income by 77.3% during the third quarter. Fifth Third Wealth Advisors LLC now owns 11,567 shares of the real estate investment trust’s stock worth $734,000 after buying an additional 5,043 shares in the last quarter. Whalen Wealth Management Inc. purchased a new position in Realty Income during the 3rd quarter worth $330,000. Caprock Group LLC grew its stake in shares of Realty Income by 28.1% in the 3rd quarter. Caprock Group LLC now owns 8,687 shares of the real estate investment trust’s stock worth $551,000 after acquiring an additional 1,904 shares in the last quarter. Pathstone Holdings LLC raised its holdings in shares of Realty Income by 14.0% in the third quarter. Pathstone Holdings LLC now owns 76,316 shares of the real estate investment trust’s stock valued at $4,840,000 after purchasing an additional 9,358 shares during the last quarter. Finally, Windle Wealth LLC lifted its position in shares of Realty Income by 1.2% during the third quarter. Windle Wealth LLC now owns 116,466 shares of the real estate investment trust’s stock valued at $7,386,000 after purchasing an additional 1,326 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Realty Income Trading Down 1.1 %

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39. The firm’s fifty day moving average is $62.06 and its two-hundred day moving average is $57.85. The firm has a market capitalization of $49.10 billion, a PE ratio of 53.91, a PEG ratio of 4.12 and a beta of 0.99.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Realty Income had a return on equity of 2.38% and a net margin of 17.57%. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.02 EPS. On average, equities analysts predict that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently disclosed a nov 24 dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a $0.2635 dividend. This represents a yield of 5.1%. The ex-dividend date is Friday, November 1st. Realty Income’s dividend payout ratio is currently 300.96%.

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.