Realty Income Corporation (NYSE:O) Receives Average Rating of “Hold” from Brokerages

Realty Income Corporation (NYSE:O) has been assigned an average rating of “Hold” from the seventeen analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $66.65.

A number of equities research analysts have commented on the company. Robert W. Baird raised their target price on Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Monday. Mizuho cut their price objective on Realty Income from $68.00 to $66.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. Stifel Nicolaus set a $70.75 target price on shares of Realty Income in a report on Tuesday, June 30th. Royal Bank Of Canada lifted their price objective on Realty Income from $70.00 to $71.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Finally, Barclays upped their price target on shares of Realty Income from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st.

Hedge Funds Weigh In On Realty Income

A number of institutional investors have recently added to or reduced their stakes in O. Howard Financial Services LTD. acquired a new stake in Realty Income in the second quarter valued at $231,000. Stonebridge Financial Group LLC lifted its position in Realty Income by 5.2% in the 2nd quarter. Stonebridge Financial Group LLC now owns 56,195 shares of the real estate investment trust’s stock valued at $3,482,000 after purchasing an additional 2,788 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Realty Income by 123.4% during the second quarter. Versant Capital Management Inc now owns 2,558 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 1,413 shares during the last quarter. First Financial Bank Trust Division boosted its position in Realty Income by 9.4% during the 2nd quarter. First Financial Bank Trust Division now owns 52,724 shares of the real estate investment trust’s stock worth $3,267,000 after acquiring an additional 4,512 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in Realty Income by 1.5% in the first quarter. Parallel Advisors LLC now owns 82,833 shares of the real estate investment trust’s stock worth $5,068,000 after purchasing an additional 1,249 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Up 2.2%

Shares of O stock traded up $1.36 during trading hours on Thursday, reaching $64.55. 1,093,904 shares of the stock were exchanged, compared to its average volume of 6,230,844. Realty Income has a 12-month low of $55.86 and a 12-month high of $67.93. The business’s fifty day moving average is $62.00 and its two-hundred day moving average is $61.94. The firm has a market capitalization of $60.20 billion, a P/E ratio of 52.91, a P/E/G ratio of 4.98 and a beta of 0.72. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.39 billion. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.06 earnings per share. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. As a group, research analysts expect that Realty Income will post 4.45 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.271 per share. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Tuesday, June 30th. This is a positive change from Realty Income’s previous monthly dividend of $0.27. Realty Income’s dividend payout ratio (DPR) is presently 266.39%.

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.