Realty Income (NYSE:O) Stock Price Down 1.8% – Here’s What Happened

Realty Income Corporation (NYSE:O)’s share price dropped 1.8% on Wednesday. The company traded as low as $55.28 and last traded at $55.3050. 9,805,815 shares traded hands during trading, an increase of 53% from the average session volume of 6,427,153 shares. The stock had previously closed at $56.34.

Wall Street Analyst Weigh In

Several research analysts have weighed in on O shares. Robert W. Baird lifted their target price on Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, July 6th. Scotiabank cut Realty Income from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $67.00 to $59.00 in a research note on Wednesday, September 23rd. Truist Financial raised Realty Income from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 14th. Mizuho set a $187.00 price objective on shares of Realty Income in a research report on Monday. Finally, Weiss Ratings lowered shares of Realty Income from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Realty Income currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.34.

Realty Income Stock Performance

The company has a debt-to-equity ratio of 0.73, a current ratio of 5.88 and a quick ratio of 5.88. The stock has a market capitalization of $53.72 billion, a PE ratio of 41.44, a P/E/G ratio of 4.33 and a beta of 0.69. The stock has a 50 day moving average of $58.17 and a two-hundred day moving average of $61.19.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.09. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Realty Income had a return on equity of 3.12% and a net margin of 20.93%. Realty Income’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.05 earnings per share. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. Research analysts expect that Realty Income Corporation will post 4.43 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.2715 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $3.26 annualized dividend and a dividend yield of 5.7%. Realty Income’s payout ratio is 237.96%.

Institutional Trading of Realty Income

Institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC boosted its position in shares of Realty Income by 4.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 25,100 shares of the real estate investment trust’s stock worth $1,363,000 after buying an additional 1,103 shares in the last quarter. Comprehensive Financial Consultants Institutional Inc. grew its stake in Realty Income by 8.8% in the 3rd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 67,891 shares of the real estate investment trust’s stock valued at $3,686,000 after acquiring an additional 5,510 shares during the last quarter. Community Financial Services Group LLC increased its holdings in Realty Income by 27.8% during the 3rd quarter. Community Financial Services Group LLC now owns 2,333 shares of the real estate investment trust’s stock valued at $125,000 after acquiring an additional 508 shares in the last quarter. Scott Capital Advisors LLC increased its holdings in Realty Income by 10.4% during the 3rd quarter. Scott Capital Advisors LLC now owns 14,796 shares of the real estate investment trust’s stock valued at $789,000 after acquiring an additional 1,394 shares in the last quarter. Finally, Dupree Financial Group LLC increased its holdings in Realty Income by 2.9% during the 3rd quarter. Dupree Financial Group LLC now owns 90,518 shares of the real estate investment trust’s stock valued at $4,915,000 after acquiring an additional 2,520 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Company Profile

Realty Income Corporation is a real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial properties. The company primarily invests in single-tenant properties that are leased to businesses under long-term, net lease agreements, under which tenants generally are responsible for property taxes, insurance and maintenance.

Its portfolio includes retail, grocery, convenience store, industrial, distribution and other commercial properties. Realty Income serves a broad range of tenants and seeks to generate recurring rental income through long-term leases.