Realty Income Corporation (NYSE:O) Given Consensus Rating of “Hold” by Analysts

Shares of Realty Income Corporation (NYSE:O) have earned an average recommendation of “Hold” from the fourteen brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $62.00.

Several research analysts recently commented on O shares. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a report on Monday, December 15th. Wells Fargo & Company boosted their price target on shares of Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. JPMorgan Chase & Co. restated an “underweight” rating and set a $61.00 price objective on shares of Realty Income in a research note on Thursday. Royal Bank Of Canada raised their price objective on Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Finally, Barclays upped their target price on Realty Income from $63.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 3rd.

Insider Activity at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of the firm’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the transaction, the director directly owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Institutional Trading of Realty Income

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AIA Group Ltd grew its position in shares of Realty Income by 160.4% in the 3rd quarter. AIA Group Ltd now owns 42,409 shares of the real estate investment trust’s stock valued at $2,578,000 after acquiring an additional 26,121 shares during the period. Swiss Life Asset Management Ltd lifted its stake in Realty Income by 5.4% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 89,768 shares of the real estate investment trust’s stock valued at $5,457,000 after purchasing an additional 4,610 shares during the last quarter. Investment Research Partners LLC acquired a new stake in Realty Income in the 3rd quarter valued at about $377,000. Trust Investment Advisors grew its holdings in Realty Income by 2.8% during the third quarter. Trust Investment Advisors now owns 23,088 shares of the real estate investment trust’s stock worth $1,404,000 after purchasing an additional 634 shares during the period. Finally, CIBC Private Wealth Group LLC increased its position in Realty Income by 10.6% during the third quarter. CIBC Private Wealth Group LLC now owns 33,495 shares of the real estate investment trust’s stock worth $2,036,000 after buying an additional 3,209 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Down 0.6%

NYSE:O opened at $56.41 on Friday. The stock has a 50-day simple moving average of $57.81 and a 200 day simple moving average of $58.04. Realty Income has a 52-week low of $50.71 and a 52-week high of $61.08. The company has a market cap of $51.89 billion, a PE ratio of 52.23, a PEG ratio of 3.53 and a beta of 0.80. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.53.

Realty Income (NYSE:O) last released its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, beating the consensus estimate of $1.07 by $0.01. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.05 EPS. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, sell-side analysts expect that Realty Income will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.27 per share. The ex-dividend date is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. This is an increase from Realty Income’s previous monthly dividend of $0.27. Realty Income’s dividend payout ratio (DPR) is currently 299.07%.

About Realty Income

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.