Realty Income Co. (NYSE:O) Receives Consensus Rating of “Hold” from Analysts

Shares of Realty Income Co. (NYSE:O) have been assigned a consensus rating of “Hold” from the twelve analysts that are presently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $60.96.

Several equities analysts have recently weighed in on the company. Royal Bank of Canada raised their target price on Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, January 11th. BMO Capital Markets assumed coverage on Realty Income in a research report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 target price on the stock. Stifel Nicolaus decreased their target price on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Finally, Mizuho decreased their target price on Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th.

Realty Income Stock Up 0.6 %

Shares of O opened at $53.34 on Tuesday. Realty Income has a 52 week low of $45.03 and a 52 week high of $64.18. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $45.93 billion, a price-to-earnings ratio of 42.33, a PEG ratio of 5.50 and a beta of 0.92. The stock’s 50-day moving average price is $52.51 and its 200-day moving average price is $53.43.

Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.00 EPS. On average, sell-side analysts predict that Realty Income will post 4.16 EPS for the current year.

Realty Income Dividend Announcement

The company also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.257 per share. The ex-dividend date is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio is currently 244.45%.

Insider Transactions at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the transaction, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of O. Crescent Sterling Ltd. boosted its position in shares of Realty Income by 4.8% during the 1st quarter. Crescent Sterling Ltd. now owns 5,408 shares of the real estate investment trust’s stock worth $293,000 after acquiring an additional 250 shares in the last quarter. Harbour Trust & Investment Management Co boosted its position in shares of Realty Income by 130.9% during the 1st quarter. Harbour Trust & Investment Management Co now owns 12,881 shares of the real estate investment trust’s stock worth $697,000 after acquiring an additional 7,302 shares in the last quarter. PFG Investments LLC boosted its position in shares of Realty Income by 189.2% during the 1st quarter. PFG Investments LLC now owns 32,871 shares of the real estate investment trust’s stock worth $1,778,000 after acquiring an additional 21,505 shares in the last quarter. Parsons Capital Management Inc. RI boosted its position in shares of Realty Income by 79.5% during the 1st quarter. Parsons Capital Management Inc. RI now owns 61,022 shares of the real estate investment trust’s stock worth $3,301,000 after acquiring an additional 27,022 shares in the last quarter. Finally, Raymond James & Associates boosted its position in shares of Realty Income by 56.1% during the 1st quarter. Raymond James & Associates now owns 1,906,098 shares of the real estate investment trust’s stock worth $103,120,000 after acquiring an additional 684,637 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

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.