Realty Income Corporation (NYSE:O) Stock Has Consensus Price Target of $65.46 According to Analysts

Realty Income Corporation (NYSE:O) has earned an average rating of “Hold” from the eighteen brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $65.46.

Several equities analysts have commented on O shares. Evercore set a $65.00 price objective on shares of Realty Income in a research report on Monday, September 21st. Huntington assumed coverage on shares of Realty Income in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $70.00 price objective for the company. Wells Fargo & Company reduced their target price on shares of Realty Income from $65.00 to $64.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 1st. UBS Group set a $67.00 target price on shares of Realty Income in a report on Thursday, June 18th. Finally, Royal Bank Of Canada decreased their target price on shares of Realty Income from $71.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th.

Realty Income Stock Up 0.9%

Shares of O opened at $54.68 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 5.88 and a quick ratio of 5.88. The stock has a market capitalization of $51.74 billion, a price-to-earnings ratio of 39.91, a price-to-earnings-growth ratio of 4.25 and a beta of 0.69. Realty Income has a 1 year low of $53.15 and a 1 year high of $67.93. The business’s 50 day simple moving average is $59.24 and its 200-day simple moving average is $61.49.

Realty Income (NYSE:O) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.09. Realty Income had a net margin of 20.93% and a return on equity of 3.12%. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the firm posted $1.05 earnings per share. Realty Income’s revenue for the quarter was up 9.7% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. As a group, equities analysts expect that Realty Income will post 4.42 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.2715 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This is an increase from Realty Income’s previous monthly dividend of $0.2710. This represents a $3.26 annualized dividend and a yield of 6.0%. Realty Income’s payout ratio is presently 237.96%.

Institutional Investors Weigh In On Realty Income

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of Realty Income in the 2nd quarter valued at about $6,997,219,000. Legal & General Group Plc purchased a new stake in shares of Realty Income in the 2nd quarter worth approximately $643,334,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Realty Income by 22,051.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,354,693 shares of the real estate investment trust’s stock worth $641,577,000 after purchasing an additional 10,307,948 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Realty Income during the second quarter valued at approximately $340,180,000. Finally, Hsbc Holdings PLC bought a new position in shares of Realty Income during the second quarter valued at approximately $319,222,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Company Profile

Realty Income Corporation is a real estate investment trust (REIT) that acquires, owns, and manages commercial properties leased to businesses under long-term agreements. The company is widely known as “The Monthly Dividend Company” for its focus on providing regular monthly dividend payments to shareholders.

Most of Realty Income’s properties are operated under single-tenant, triple-net lease arrangements. Under these agreements, tenants generally are responsible for property taxes, insurance, and maintenance expenses, while Realty Income collects contractual rent.