Realty Income Co. (NYSE:O – Get Free Report) lost 0.3% on Tuesday. The company traded as low as $60.49 and was last seen at $60.69. About 644,338 shares traded hands during trading, a decline of 89% from the average daily volume of 6,073,553 shares. The stock had previously closed at $60.86.
Wall Street analysts comment
O has been the subject of a number of research reports lately. Morgan Stanley reiterated an “Equal Weight” rating and issued a $62.00 price target on shares of Realty Income in a report on Tuesday, August 6th. Scotiabank increased their price target on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. Robert W. Baird increased their price target on shares of Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Stifel Nicolaus increased their price target on shares of Realty Income from $65.00 to $67.50 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Finally, KeyCorp began coverage on shares of Realty Income in a research report on Wednesday, June 12. They gave the stock a “Sector Weight” rating. Eleven investment analysts have rated the stock with a “Hold” rating and six have given a “Buy” rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $61.73.
Check out our latest analysis on real estate income
Real estate income price development
The company’s 50 day moving average is $56.35 and its 200 day moving average is $54.21. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $53.06 billion, a price-to-earnings ratio of 56.41, a price-to-earnings-growth ratio of 5.05 and a beta of 0.96.
Realty Income (NYSE:O – Get Free Report) last released its quarterly earnings results on Monday, August 5. The real estate investment trust reported earnings per share (EPS) of $0.29 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 the consensus estimate of $1.22 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The company’s revenue for the quarter grew 31.4% year-over-year. In the same quarter last year, the company generated earnings per share of $1.00. Equities analysts expect Realty Income Co. to report earnings per share of 4.2 for the current fiscal year.
Realty Income announces dividend
The company also recently declared a dividend for September 24th, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd will receive a dividend of $0.263. The ex-dividend date is Tuesday, September 3rd. This represents a dividend yield of 5.2%. Realty Income’s dividend payout ratio (DPR) is currently 291.67%.
Institutional inflows and outflows
Several hedge funds and other institutional investors have recently bought and sold shares of O. American National Bank. American National Bank acquired a new position in Realty Income during the 4th quarter valued at $25,000. Vima LLC acquired a new stake in shares of Realty Income during the 4th quarter valued at about $25,000. Pacifica Partners Inc. increased its position in shares of Realty Income by 444.4% during the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust worth $26,000 after purchasing an additional 400 shares during the period. WASHINGTON TRUST Co increased its position in shares of Realty Income by 65.7% during the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust worth $27,000 after purchasing an additional 197 shares during the last quarter. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Realty Income during the first quarter valued at $27,000. Institutional investors own 70.81% of the company’s shares.
Realty Income Company Profile
(Get free report)
Realty Income, The Monthly Dividend Company, is an S&P 500 company and a member of the S&P 500 Dividend Aristocrats Index. We invest in people and places to deliver reliable monthly dividends that grow over time. The Company is structured as a real estate investment trust (“REIT”) and its monthly dividends are supported by cash flow from over 15,450 properties (including those acquired in the Spirit merger in January 2024) held primarily under long-term net leases with commercial customers.
Selected articles
Get daily news and reviews for Realty Income – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Realty Income and related companies with MarketBeat.com’s FREE daily email newsletter.
