Realty Income (NYSE:O) Trading Up 0.1% After Dividend Announcement

Shares of Realty Income Co. (NYSE:O) rose 0.1% during mid-day trading on Wednesday following a dividend announcement from the company. The company traded as high as $52.62 and last traded at $52.31. Approximately 2,706,222 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 5,256,132 shares. The stock had previously closed at $52.27.

The newly announced dividend which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.2685 dividend. Realty Income’s payout ratio is 328.57%.

Analyst Ratings Changes

O has been the topic of a number of research reports. Royal Bank of Canada dropped their price objective on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target for the company. Scotiabank reduced their target price on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. Mizuho increased their price target on Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a report on Thursday, April 3rd. Finally, BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a research note on Tuesday, February 25th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $62.42.

Realty Income Stock Up 0.1 %

The firm’s 50-day moving average is $55.88 and its 200 day moving average is $56.89. The firm has a market capitalization of $46.64 billion, a P/E ratio of 49.82, a PEG ratio of 2.10 and a beta of 0.79. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

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

Hedge Funds Weigh In On Realty Income

Several institutional investors and hedge funds have recently modified their holdings of the business. Czech National Bank grew its holdings in shares of Realty Income by 5.9% during the 1st quarter. Czech National Bank now owns 201,022 shares of the real estate investment trust’s stock worth $11,661,000 after purchasing an additional 11,259 shares in the last quarter. Rhumbline Advisers grew its stake in Realty Income by 4.0% during the first quarter. Rhumbline Advisers now owns 1,757,527 shares of the real estate investment trust’s stock worth $101,954,000 after buying an additional 68,301 shares in the last quarter. Bowman & Co S.C. grew its stake in Realty Income by 28.6% during the first quarter. Bowman & Co S.C. now owns 28,404 shares of the real estate investment trust’s stock worth $1,648,000 after buying an additional 6,309 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in Realty Income by 7.5% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 15,456 shares of the real estate investment trust’s stock valued at $897,000 after buying an additional 1,072 shares during the period. Finally, Pacifica Partners Inc. raised its position in shares of Realty Income by 1,363.7% in the 1st quarter. Pacifica Partners Inc. now owns 13,276 shares of the real estate investment trust’s stock valued at $758,000 after buying an additional 12,369 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

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.