Analysts Set Realty Income Co. (NYSE:O) Target Price at $62.59

Shares of Realty Income Co. (NYSE:O) have been assigned a consensus rating of “Hold” from the fifteen research firms that are covering the firm, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $62.59.

Several research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. KeyCorp assumed coverage on Realty Income in a report on Wednesday, June 12th. They set a “sector weight” rating for the company. Wells Fargo & Company boosted their target price on Realty Income from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Monday, August 26th. UBS Group increased their price target on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, Royal Bank of Canada boosted their price target on Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th.

Realty Income Stock Up 1.5 %

Shares of NYSE:O opened at $61.63 on Friday. Realty Income has a 52-week low of $45.03 and a 52-week high of $63.39. The stock has a market cap of $53.67 billion, a P/E ratio of 57.06, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99. The business’s 50 day moving average is $60.28 and its 200 day moving average is $55.72. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66.

Realty Income (NYSE:O) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company earned $1.00 earnings per share. The firm’s revenue was up 31.4% on a year-over-year basis. Sell-side analysts predict that Realty Income will post 3.93 EPS for the current year.

Realty Income Increases Dividend

The firm also recently announced a oct 24 dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.2635 per share. This is a positive change from Realty Income’s previous oct 24 dividend of $0.26. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a dividend yield of 5%. Realty Income’s dividend payout ratio (DPR) is 292.59%.

Insider Buying and Selling

In other news, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value of $107,136.96. Following the transaction, the director now owns 26,579 shares in the company, valued at $1,663,313.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the sale, the director now directly owns 26,579 shares in the company, valued at $1,663,313.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the transaction, the director now directly owns 5,257 shares in the company, valued at $319,467.89. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vima LLC purchased a new stake in Realty Income in the 4th quarter valued at about $25,000. Pacifica Partners Inc. raised its stake in shares of Realty Income by 444.4% in the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 400 shares during the period. Northwest Investment Counselors LLC acquired a new position in shares of Realty Income in the 1st quarter worth approximately $27,000. Bell Investment Advisors Inc boosted its position in shares of Realty Income by 69.6% during the 1st quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 217 shares during the period. Finally, Able Wealth Management LLC acquired a new stake in Realty Income in the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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.