Realty Income (NYSE:O) share price fell 0.2%

Realty Income Co. (NYSE:O – Get Free Report) fell 0.2% on Friday. The stock traded as high as $52.13 and was last seen at $52.31. 1,419,656 shares changed hands during trading, a decline of 78% from the average session volume of 6,347,651 shares. The stock had previously closed at $52.43.

Wall Street analysts predict growth

Several research firms have recently commented on O. Scotiabank increased their price target on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a report on Thursday, May 16. UBS Group decreased their price target on Realty Income from $67.00 to $61.00 and gave the company a “buy” rating in a report on Friday, May 31. Mizuho increased their price target on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a report on Friday, May 10. Finally, KeyCorp assumed coverage on Realty Income in a research note on Wednesday, June 12. They gave the company a “sector weight” rating. Nine research analysts have rated the stock with a hold rating and six have given a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $61.35.

Check out our latest Realty Income stock report

Real estate income price development

The company has a liquidity ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $45.99 billion, a P/E ratio of 48.91, a price-to-earnings-growth ratio of 4.56 and a beta of 0.94. The stock has a 50-day moving average of $53.63 and a 200-day moving average of $54.12.

Realty Income (NYSE:O – Get Free Report) last released its quarterly earnings results on Monday, May 6. The real estate investment trust reported earnings per share (EPS) of $0.16 for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The company had revenue of $1.26 billion for the quarter, compared to analyst expectations of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The company’s quarterly revenue grew 33.5% year-over-year. In the same quarter last year, the company reported earnings per share of $0.98. Equities analysts expect Realty Income Co. to report earnings per share of 4.2 for the current fiscal year.

Real estate income increases dividend

The company also recently declared a July 24th dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will receive a dividend of $0.263 per share. This is a positive change from Realty Income’s previous July 24th dividend of $0.26. The ex-dividend date is Monday, July 1st. This represents a dividend yield of 6%. Realty Income’s dividend payout ratio (DPR) is currently 291.67%.

Insider activity

In other news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 9. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the transaction, the director now owns 6,257 shares of the company’s stock, valued at $339,317.11. The sale was disclosed in a document filed with the SEC, which is available on the SEC’s website. Company insiders own 0.10% of the company’s stock.

Institutional inflows and outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Realty Income by 18.3% in the first quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust worth $7,290,982,000 after buying an additional 20,848,560 shares in the last quarter. Norges Bank acquired a new stake in Realty Income in the fourth quarter valued at about $506,526,000. Principal Financial Group Inc. increased its stake in Realty Income by 107.1% in the fourth quarter. Principal Financial Group Inc. now owns 4,951,020 shares of the real estate investment trust worth $284,288,000 after buying an additional 2,560,597 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its stake in Realty Income by 213.3% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,171,853 shares of the real estate investment trust’s stock worth $124,708,000 after acquiring an additional 1,478,577 shares in the last quarter. Finally, GRS Advisors LLC bought a new stake in Realty Income in the fourth quarter valued at about $58,843,000. Institutional investors own 70.81% of the company’s stock.

About Realty Income

(Get free report)

Realty Income, The Monthly Dividend Company, is an S&P 500 company and a member of the S&P 500 Dividend Aristocrats Index. We invest in people and places to deliver reliable monthly dividends that grow over time. The Company is structured as a real estate investment trust (“REIT”) and its monthly dividends are supported by cash flow from over 15,450 properties (including those acquired in the Spirit merger in January 2024) held primarily under long-term net leases with commercial customers.