Realty Income (NYSE:O) Shares Down 1.1% – Here’s What Happened

Shares of Realty Income Corporation (NYSE:O) dropped 1.1% during mid-day trading on Monday . The stock traded as low as $62.86 and last traded at $63.16. 4,729,905 shares were traded during mid-day trading, a decline of 25% from the average session volume of 6,272,271 shares. The stock had previously closed at $63.84.

Analysts Set New Price Targets

O has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Realty Income in a research report on Friday, April 10th. Jefferies Financial Group started coverage on Realty Income in a research note on Monday, June 1st. They issued a “buy” rating and a $69.00 price target on the stock. Royal Bank Of Canada increased their price target on Realty Income from $70.00 to $71.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Freedom Capital raised shares of Realty Income from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Finally, Stifel Nicolaus set a $70.75 price objective on shares of Realty Income in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $66.65.

Realty Income Trading Down 1.1%

The firm has a market cap of $58.90 billion, a price-to-earnings ratio of 51.77, a P/E/G ratio of 4.98 and a beta of 0.72. The firm’s 50-day moving average is $62.00 and its 200-day moving average is $61.94. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.03. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.06 EPS. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. As a group, sell-side analysts anticipate that Realty Income Corporation will post 4.45 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.271 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This is a positive change from Realty Income’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a dividend yield of 5.1%. Realty Income’s payout ratio is presently 266.39%.

Institutional Investors Weigh In On Realty Income

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Realty Income in the 4th quarter worth approximately $558,775,000. Morgan Stanley increased its holdings in shares of 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 purchasing an additional 3,252,091 shares during the period. Deutsche Bank AG raised its position in shares of Realty Income by 45.1% in the fourth quarter. Deutsche Bank AG now owns 4,998,963 shares of the real estate investment trust’s stock worth $281,792,000 after buying an additional 1,554,726 shares in the last quarter. Amundi raised its position in shares of Realty Income by 56.7% in the first quarter. Amundi now owns 4,183,310 shares of the real estate investment trust’s stock worth $255,934,000 after buying an additional 1,514,119 shares in the last quarter. Finally, State Street Corp boosted its stake in Realty Income by 2.1% during the third 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 buying an additional 1,295,936 shares during the period. 70.81% of the stock is owned by 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.