Realty Income (NYSE:O) Trading Down 1.3% – Should You Sell?

Realty Income Corporation (NYSE:O)’s share price was down 1.3% during mid-day trading on Tuesday . The stock traded as low as $64.06 and last traded at $64.08. Approximately 6,442,534 shares traded hands during trading, a decline of 4% from the average daily volume of 6,715,051 shares. The stock had previously closed at $64.92.

Analysts Set New Price Targets

O has been the subject of several recent research reports. Freedom Capital downgraded Realty Income from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Loop Capital set a $69.00 target price on shares of Realty Income in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft raised Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Tuesday, January 20th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $61.00 price objective on shares of Realty Income in a report on Thursday, December 18th. Finally, Stifel Nicolaus increased their target price on Realty Income from $67.75 to $70.50 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $66.39.

Realty Income Price Performance

The firm has a 50-day moving average of $63.09 and a 200 day moving average of $59.96. The company has a market capitalization of $59.75 billion, a PE ratio of 54.77, a PEG ratio of 4.79 and a beta of 0.77. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income (NYSE:O) last released its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.08 earnings per share for the quarter, meeting the consensus estimate of $1.08. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Realty Income had a net margin of 18.41% and a return on equity of 2.68%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.05 earnings per share. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. As a group, research analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.2705 per share. This represents a c) dividend on an annualized basis and a yield of 5.1%. This is a boost from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date is Tuesday, March 31st. Realty Income’s dividend payout ratio (DPR) is currently 276.92%.

Institutional Trading of Realty Income

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new position in Realty Income in the 2nd quarter worth $676,500,000. Vanguard Group Inc. increased its position in Realty Income by 2.5% in the second quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock worth $8,418,907,000 after buying an additional 3,624,852 shares in the last quarter. Morgan Stanley increased its position in Realty Income by 21.6% in the fourth quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock worth $1,031,080,000 after buying an additional 3,252,091 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of Realty Income by 420.0% in the second quarter. Schroder Investment Management Group now owns 2,139,550 shares of the real estate investment trust’s stock worth $123,259,000 after buying an additional 1,728,082 shares during the period. Finally, Deutsche Bank AG lifted its position in shares of 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 buying an additional 1,554,726 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

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.