Realty Income (NYSE:O) Trading Down 0% – Here’s Why

Realty Income Co. (NYSE:O)’s stock price was down 0% during trading on Wednesday . The company traded as low as $61.35 and last traded at $61.49. Approximately 522,027 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 5,785,039 shares. The stock had previously closed at $61.51.

Analyst Ratings Changes

A number of equities research analysts have commented on O shares. Wedbush initiated coverage on Realty Income in a research report on Monday, August 19th. They issued a “neutral” rating and a $64.00 target price on the stock. Royal Bank of Canada boosted their price objective on Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. KeyCorp initiated coverage on Realty Income in a report on Wednesday, June 12th. They issued a “sector weight” rating on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $62.00 price objective on shares of Realty Income in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. boosted their price objective on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average target price of $62.80.

Realty Income Price Performance

The company has a fifty day moving average price of $61.47 and a two-hundred day moving average price of $56.56. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $53.72 billion, a PE ratio of 57.16, a P/E/G ratio of 4.34 and a beta of 0.99.

Realty Income (NYSE:O) last posted its quarterly earnings data 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 company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Realty Income had a net margin of 17.89% and a return on equity of 3.27%. The firm’s revenue was up 31.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.00 earnings per share. Sell-side analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently announced a nov 24 dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.2635 per share. Realty Income’s dividend payout ratio (DPR) is 292.59%.

Insider Transactions at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the sale, the director now owns 5,257 shares in the company, valued at $319,467.89. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the sale, the director now owns 26,579 shares in the company, valued at $1,663,313.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the transaction, the director now directly owns 5,257 shares in the company, valued at $319,467.89. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in O. Founders Financial Securities LLC raised its holdings in shares of Realty Income by 0.9% during the second quarter. Founders Financial Securities LLC now owns 21,210 shares of the real estate investment trust’s stock valued at $1,120,000 after buying an additional 181 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Realty Income by 0.6% during the second quarter. Crossmark Global Holdings Inc. now owns 35,285 shares of the real estate investment trust’s stock valued at $1,864,000 after buying an additional 199 shares during the last quarter. Optimum Investment Advisors raised its holdings in shares of Realty Income by 11.1% during the second quarter. Optimum Investment Advisors now owns 2,000 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 200 shares during the last quarter. MeadowBrook Investment Advisors LLC raised its holdings in shares of Realty Income by 3.4% during the second quarter. MeadowBrook Investment Advisors LLC now owns 6,092 shares of the real estate investment trust’s stock valued at $322,000 after buying an additional 200 shares during the last quarter. Finally, First Affirmative Financial Network raised its holdings in shares of Realty Income by 2.1% during the first quarter. First Affirmative Financial Network now owns 9,828 shares of the real estate investment trust’s stock valued at $532,000 after buying an additional 201 shares during the last quarter. 70.81% of the stock is 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.