Analysts Set Realty Income Co. (NYSE:O) Price Target at $62.12

Realty Income Co. (NYSE:O) has earned a consensus recommendation of “Hold” from the fourteen research firms that are presently covering the firm, MarketBeat reports. Eleven investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $62.04.

O has been the subject of several recent research reports. Scotiabank reduced their price target on Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. Mizuho lowered their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective for the company. Stifel Nicolaus cut their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, UBS Group dropped their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th.

Realty Income Stock Performance

O opened at $54.13 on Thursday. Realty Income has a 12-month low of $50.65 and a 12-month high of $64.88. The stock has a market cap of $47.38 billion, a price-to-earnings ratio of 51.55, a PEG ratio of 1.93 and a beta of 1.00. The business has a 50 day moving average of $54.62 and a 200-day moving average of $58.46. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm’s quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter last year, the company posted $1.02 EPS. On average, equities research analysts expect that Realty Income will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.264 per share. This represents a dividend yield of 5.9%. The ex-dividend date is Monday, February 3rd. Realty Income’s payout ratio is 300.95%.

Institutional Trading of Realty Income

Hedge funds have recently modified their holdings of the stock. Rosenberg Matthew Hamilton increased its stake in Realty Income by 75.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 211 shares in the last quarter. Creative Capital Management Investments LLC grew its holdings in shares of Realty Income by 133.3% during the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 300 shares during the last quarter. ST Germain D J Co. Inc. increased its position in shares of Realty Income by 306.5% during the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 567 shares in the last quarter. Luken Investment Analytics LLC acquired a new stake in shares of Realty Income in the 4th quarter worth about $40,000. Finally, Independence Bank of Kentucky lifted its position in Realty Income by 54.5% in the 4th quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 300 shares in the last quarter. Institutional investors 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.