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

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on O. Scotiabank dropped their target price on shares of Realty Income from $72.00 to $67.00 and set a “sector outperform” rating for the company in a report on Thursday, June 18th. Stifel Nicolaus set a $70.75 target price on shares of Realty Income in a research report on Tuesday, June 30th. UBS Group set a $67.00 price objective on Realty Income in a research report on Thursday, June 18th. Morgan Stanley set a $67.00 target price on shares of Realty Income in a report on Monday, April 27th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Realty Income in a report on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Realty Income has a consensus rating of “Hold” and a consensus target price of $66.65.

Realty Income Price Performance

The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average price of $62.00 and a 200 day moving average price of $61.94. The stock has a market capitalization of $58.90 billion, a PE ratio of 51.77, a price-to-earnings-growth ratio of 4.98 and a beta of 0.72.

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

Realty Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.271 dividend. The ex-dividend date 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 dividend payout ratio (DPR) is presently 266.39%.

Hedge Funds Weigh In On Realty Income

Several institutional investors have recently bought and sold shares of O. Vanguard Group Inc. grew its holdings in shares of Realty Income by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust’s stock valued at $8,478,910,000 after purchasing an additional 684,949 shares in the last quarter. Pensionfund PDN purchased a new stake in Realty Income in the 4th quarter worth about $7,434,000. Danske Bank A S lifted its stake in shares of Realty Income by 20.3% during the 4th quarter. Danske Bank A S now owns 568,121 shares of the real estate investment trust’s stock worth $32,025,000 after acquiring an additional 95,773 shares during the last quarter. LDR Capital Management LLC boosted its stake in shares of Realty Income by 117.6% during the fourth quarter. LDR Capital Management LLC now owns 29,285 shares of the real estate investment trust’s stock valued at $1,651,000 after purchasing an additional 15,825 shares during the period. Finally, E. Ohman J or Asset Management AB purchased a new stake in Realty Income in the 4th quarter valued at about $1,766,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

About Realty Income

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.