Realty Income Co. (NYSE:O) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Realty Income Co. (NYSE:O) have been given a consensus rating of “Hold” by the fourteen research firms that are covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $61.88.

A number of equities analysts have recently weighed in on O shares. UBS Group increased their target price on Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. KeyCorp initiated coverage on Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating on the stock. Scotiabank raised their price objective on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. Finally, Mizuho raised their price objective on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th.

Institutional Investors Weigh In On Realty Income

A number of large investors have recently made changes to their positions in O. Vanguard Group Inc. grew its position in shares of Realty Income by 18.3% in the 1st quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock worth $7,290,982,000 after buying an additional 20,848,560 shares during the last quarter. Norges Bank bought a new stake in shares of Realty Income during the fourth quarter valued at approximately $506,526,000. Principal Financial Group Inc. boosted its position in shares of Realty Income by 107.1% during the fourth quarter. Principal Financial Group Inc. now owns 4,951,020 shares of the real estate investment trust’s stock valued at $284,288,000 after purchasing an additional 2,560,597 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its position in shares of Realty Income by 213.3% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,171,853 shares of the real estate investment trust’s stock valued at $124,708,000 after purchasing an additional 1,478,577 shares in the last quarter. Finally, Raymond James & Associates boosted its position in shares of Realty Income by 76.6% during the second quarter. Raymond James & Associates now owns 3,366,982 shares of the real estate investment trust’s stock valued at $177,844,000 after purchasing an additional 1,460,884 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Down 0.3 %

O stock opened at $59.16 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83. The stock has a market capitalization of $51.51 billion, a P/E ratio of 54.80, a P/E/G ratio of 5.05 and a beta of 0.96. The business has a 50-day moving average of $54.41 and a 200-day moving average of $53.75. Realty Income has a fifty-two week low of $45.03 and a fifty-two week high of $60.19.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the company posted $1.00 earnings per share. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. On average, sell-side analysts anticipate that Realty Income will post 4.2 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company also recently disclosed a aug 24 dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be issued a dividend of $0.263 per share. The ex-dividend date is Thursday, August 1st. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio is 292.59%.

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.