Realty Income (NYSE:O) Shares Down 1.3% – Time to Sell?
by Amy Steele · The Cerbat GemRealty Income Corporation (NYSE:O – Get Free Report) shares traded down 1.3% on Tuesday . The stock traded as low as $63.96 and last traded at $64.0940. 6,708,995 shares traded hands during mid-day trading, an increase of 5% from the average session volume of 6,372,107 shares. The stock had previously closed at $64.92.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the stock. UBS Group increased their target price on shares of Realty Income from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Royal Bank Of Canada increased their target price on shares of Realty Income from $61.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, February 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Realty Income in a research note on Friday, April 10th. Wall Street Zen raised shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Freedom Capital downgraded shares of Realty Income from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $66.61.
Get Our Latest Stock Report on Realty Income
Realty Income Stock Up 1.2%
The company has a market cap of $59.77 billion, a PE ratio of 54.79, a P/E/G ratio of 4.33 and a beta of 0.79. The company’s 50 day moving average is $63.98 and its 200 day moving average is $60.51. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.72.
Realty Income (NYSE:O – Get Free Report) last posted its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 EPS for the quarter, hitting the consensus estimate of $1.08. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. Realty Income had a net margin of 18.41% and a return on equity of 2.68%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. As a group, analysts predict that Realty Income Corporation will post 4.45 earnings per share for the current fiscal year.
Realty Income Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 30th will be given a dividend of $0.2705 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 5.1%. Realty Income’s dividend payout ratio (DPR) is 276.92%.
Insider Buying and Selling
In other Realty Income news, insider Michelle Bushore sold 7,400 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $62.42, for a total transaction of $461,908.00. Following the transaction, the insider owned 67,641 shares of the company’s stock, valued at approximately $4,222,151.22. This trade represents a 9.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in O. Norges Bank purchased a new position in Realty Income during the 4th quarter valued at about $558,775,000. Vanguard Group Inc. increased its position in Realty Income by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 149,730,338 shares of the real estate investment trust’s stock valued at $9,102,107,000 after purchasing an additional 3,594,127 shares during the period. Morgan Stanley increased its position in Realty Income by 21.6% during the 4th quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock valued at $1,031,080,000 after purchasing an additional 3,252,091 shares during the period. Deutsche Bank AG increased its position in Realty Income by 45.1% during the 4th quarter. Deutsche Bank AG now owns 4,998,963 shares of the real estate investment trust’s stock valued at $281,792,000 after purchasing an additional 1,554,726 shares during the period. Finally, State Street Corp increased its position in Realty Income by 2.1% during the 3rd quarter. State Street Corp now owns 63,028,892 shares of the real estate investment trust’s stock valued at $3,831,526,000 after purchasing an additional 1,295,936 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.
Realty Income Company Profile
Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.
Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.