Realty Income (NYSE:O) Stock Price Up 0.1% – Time to Buy?

Realty Income Co. (NYSE:O) shares traded up 0.1% during mid-day trading on Tuesday . The company traded as high as $57.18 and last traded at $57.05. 875,662 shares traded hands during trading, a decline of 82% from the average session volume of 4,960,002 shares. The stock had previously closed at $56.98.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Stifel Nicolaus dropped their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Mizuho dropped their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Scotiabank dropped their target price on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. BNP Paribas downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a research report on Tuesday, February 25th. Finally, Barclays increased their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $62.04.

Realty Income Price Performance

The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market cap of $50.74 billion, a price-to-earnings ratio of 54.23, a P/E/G ratio of 2.10 and a beta of 1.00. The business’s 50-day moving average price is $55.20 and its two-hundred day moving average price is $57.63.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. On average, research analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.2685 per share. The ex-dividend date is Tuesday, April 1st. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. This represents a yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is 328.57%.

Hedge Funds Weigh In On Realty Income

Several large investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its stake in Realty Income by 69.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 253,399 shares of the real estate investment trust’s stock worth $13,534,000 after purchasing an additional 104,126 shares during the last quarter. Wood Tarver Financial Group LLC bought a new stake in Realty Income in the fourth quarter valued at $124,000. Castle Rock Wealth Management LLC lifted its stake in Realty Income by 4.3% in the fourth quarter. Castle Rock Wealth Management LLC now owns 31,592 shares of the real estate investment trust’s stock valued at $1,721,000 after buying an additional 1,309 shares during the last quarter. Comprehensive Money Management Services LLC bought a new stake in Realty Income in the fourth quarter valued at $320,000. Finally, Siemens Fonds Invest GmbH lifted its stake in Realty Income by 39.9% in the fourth quarter. Siemens Fonds Invest GmbH now owns 15,303 shares of the real estate investment trust’s stock valued at $817,000 after buying an additional 4,365 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

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.