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

Realty Income Co. (NYSE:OGet Free Report) has been assigned a consensus rating of “Hold” from the fourteen brokerages that are covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $63.63.

A number of analysts recently issued reports on the company. Robert W. Baird lifted their target price on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. boosted their price target on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Stifel Nicolaus boosted their price target on Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Scotiabank boosted their price target on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 17th. Finally, UBS Group boosted their price target on Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th.

Check Out Our Latest Analysis on Realty Income

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the sale, the director now owns 5,257 shares in the company, valued at approximately $319,467.89. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the sale, the director now owns 5,257 shares in the company, valued at $319,467.89. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the sale, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Wesbanco Bank Inc. purchased a new position in Realty Income in the 3rd quarter valued at approximately $223,000. CX Institutional bought a new position in Realty Income in the 3rd quarter valued at $218,000. Grove Bank & Trust boosted its holdings in Realty Income by 14.3% in the 3rd quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 176 shares during the period. Novare Capital Management LLC boosted its holdings in Realty Income by 1.0% in the 3rd quarter. Novare Capital Management LLC now owns 150,841 shares of the real estate investment trust’s stock valued at $9,566,000 after purchasing an additional 1,449 shares during the period. Finally, Empirical Asset Management LLC bought a new position in Realty Income in the 3rd quarter valued at $640,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Stock Performance

O opened at $62.13 on Tuesday. The business’s 50-day moving average price is $61.73 and its two-hundred day moving average price is $56.81. Realty Income has a 1 year low of $45.03 and a 1 year high of $63.60. The company has a market capitalization of $54.10 billion, a price-to-earnings ratio of 57.53, a P/E/G ratio of 4.30 and a beta of 0.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39.

Realty Income (NYSE:OGet Free Report) last released its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a net margin of 17.89% and a return on equity of 2.36%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the business earned $1.00 EPS. The business’s revenue for the quarter was up 31.4% compared to the same quarter last year. Equities analysts expect that Realty Income will post 4.2 EPS for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared a nov 24 dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $0.2635 dividend. The ex-dividend date is Friday, November 1st. This represents a yield of 5.1%. Realty Income’s payout ratio is 292.59%.

About Realty Income

(Get Free Report

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.

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Analyst Recommendations for Realty Income (NYSE:O)

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