Realty Income (NYSE:O) Stock Price Down 1.1% – Time to Sell?

Realty Income Corporation (NYSE:O)’s share price traded down 1.1% during trading on Wednesday . The stock traded as low as $56.54 and last traded at $56.6950. 4,400,110 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 5,536,734 shares. The stock had previously closed at $57.34.

Wall Street Analysts Forecast Growth

O has been the subject of a number of recent analyst reports. Mizuho raised their price objective on Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Cantor Fitzgerald dropped their price target on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Realty Income in a research note on Thursday, November 13th. Wall Street Zen raised shares of Realty Income from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Evercore ISI initiated coverage on shares of Realty Income in a report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 target price for the company. Three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $62.33.

Realty Income Price Performance

The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The firm has a market cap of $52.15 billion, a price-to-earnings ratio of 55.04, a PEG ratio of 4.46 and a beta of 0.77. The company’s 50-day moving average price is $58.96 and its 200-day moving average price is $57.86.

Realty Income (NYSE:O) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.01. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.35 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 EPS. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, equities research analysts forecast that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be paid a $0.2695 dividend. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Friday, November 28th. Realty Income’s dividend payout ratio (DPR) is presently 299.07%.

Insider Transactions at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the company’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the sale, the director owned 19,211 shares in the company, valued at $1,160,920.73. This represents a 36.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Realty Income

A number of institutional investors and hedge funds have recently made changes to their positions in O. Moseley Investment Management Inc. grew its stake in Realty Income by 1.3% in the second quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust’s stock valued at $781,000 after purchasing an additional 175 shares in the last quarter. Crescent Sterling Ltd. grew its holdings in Realty Income by 4.1% during the third quarter. Crescent Sterling Ltd. now owns 4,515 shares of the real estate investment trust’s stock valued at $274,000 after purchasing an additional 176 shares during the last quarter. Castle Rock Wealth Management LLC grew its stake in Realty Income by 0.6% in the 2nd quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust’s stock valued at $1,552,000 after buying an additional 177 shares during the last quarter. Creative Financial Designs Inc. ADV grew its position in shares of Realty Income by 10.7% in the second quarter. Creative Financial Designs Inc. ADV now owns 1,833 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 177 shares during the last quarter. Finally, Revisor Wealth Management LLC grew its holdings in Realty Income by 2.3% in the 2nd quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust’s stock valued at $454,000 after buying an additional 178 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

About Realty Income

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.