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

Realty Income Co. (NYSE:O) has been assigned a consensus rating of “Hold” from the fourteen research firms that are presently covering the firm, Marketbeat.com reports. Eleven investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $63.23.

O has been the subject of several recent research reports. Mizuho lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $64.00 to $60.00 in a research note on Thursday, November 14th. Barclays assumed 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. Royal Bank of Canada cut their price objective on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $65.00 target price (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Finally, UBS Group cut their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th.

Hedge Funds Weigh In On Realty Income

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

Realty Income Stock Down 1.5 %

Realty Income stock opened at $52.60 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a 50 day moving average price of $56.27 and a 200 day moving average price of $58.32. Realty Income has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The company has a market capitalization of $46.04 billion, a PE ratio of 50.10, a price-to-earnings-growth ratio of 2.05 and a beta of 0.98.

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

Realty Income Increases Dividend

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

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.