Realty Income Co. (NYSE:O) Given Average Recommendation of “Hold” by Brokerages

Realty Income Co. (NYSE:O) has received a consensus recommendation of “Hold” from the fourteen research firms that are covering the firm, Marketbeat.com reports. Ten research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $61.15.

A number of research firms recently commented on O. Mizuho boosted their target price on shares of Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a report on Thursday, April 3rd. UBS Group dropped their price objective on shares of Realty Income from $64.00 to $62.00 and set a “buy” rating on the stock in a research note on Tuesday, May 13th. BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research report on Tuesday, February 25th. Wedbush restated a “neutral” rating and issued a $61.00 price objective on shares of Realty Income in a report on Wednesday, May 7th. Finally, Royal Bank of Canada dropped their price objective on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th.

Realty Income Trading Up 1.1%

Shares of NYSE O opened at $56.15 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a market cap of $50.71 billion, a price-to-earnings ratio of 53.48, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78. Realty Income has a 12-month low of $50.71 and a 12-month high of $64.88. The stock’s 50 day simple moving average is $56.19 and its 200 day simple moving average is $55.61.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.06. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. Equities research analysts expect that Realty Income will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The business also recently announced a jun 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.2685 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a yield of 5.8%. Realty Income’s dividend payout ratio (DPR) is currently 292.73%.

Institutional Trading of Realty Income

Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Realty Income in the fourth quarter valued at about $553,572,000. Asset Management One Co. Ltd. increased its position in shares of Realty Income by 6.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust’s stock worth $93,850,000 after purchasing an additional 101,184 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Realty Income by 27.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust’s stock worth $40,656,000 after purchasing an additional 166,178 shares during the last quarter. Employees Retirement System of Texas increased its holdings in Realty Income by 19.0% during the fourth quarter. Employees Retirement System of Texas now owns 488,183 shares of the real estate investment trust’s stock worth $26,074,000 after buying an additional 78,000 shares during the last quarter. Finally, Sterling Capital Management LLC increased its holdings in Realty Income by 21.2% during the fourth quarter. Sterling Capital Management LLC now owns 111,557 shares of the real estate investment trust’s stock worth $5,958,000 after buying an additional 19,527 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Company Profile

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.