Realty Income Co. (NYSE:O) Given Consensus Rating of “Hold” by Brokerages

Realty Income Co. (NYSE:O) has been given a consensus recommendation of “Hold” by the fourteen analysts that are currently covering the stock, Marketbeat.com reports. Eleven investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $63.23.

Several equities analysts have issued reports on O shares. Mizuho lowered Realty Income from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $64.00 to $60.00 in a report on Thursday, November 14th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $65.00 price target (up previously from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Stifel Nicolaus decreased their price objective on Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. UBS Group cut their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Finally, Barclays started coverage on shares of Realty Income in a research report on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 price target for the company.

Realty Income Price Performance

O stock opened at $52.66 on Friday. The stock has a market cap of $46.09 billion, a price-to-earnings ratio of 50.15, a PEG ratio of 2.05 and a beta of 0.98. Realty Income has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The business has a 50 day moving average price of $57.13 and a 200 day moving average price of $58.36.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.02 EPS. Equities research analysts anticipate that Realty Income will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a jan 25 dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a $0.264 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a yield of 5.7%. This is an increase from Realty Income’s previous jan 25 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is presently 300.95%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Atlanta Consulting Group Advisors LLC acquired a new stake in shares of Realty Income during the 3rd quarter valued at approximately $896,000. Code Waechter LLC acquired a new position in Realty Income during the third quarter worth $1,308,000. Charles Schwab Investment Management Inc. boosted its position in Realty Income by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock worth $617,028,000 after purchasing an additional 463,286 shares in the last quarter. Swiss National Bank grew its holdings in Realty Income by 1.4% in the third quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock valued at $163,921,000 after purchasing an additional 35,100 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Realty Income by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock valued at $138,937,000 after buying an additional 74,185 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Company Profile

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.