Realty Income Corporation (NYSE:O) Given Consensus Recommendation of “Hold” by Analysts

Realty Income Corporation (NYSE:O) has been given an average recommendation of “Hold” by the fourteen brokerages that are presently covering the company, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $61.15.

Several equities analysts have issued reports on O shares. Mizuho increased their price objective on shares of Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a report on Thursday, April 3rd. Wedbush reaffirmed a “neutral” rating and set a $61.00 target price on shares of Realty Income in a research note on Wednesday, May 7th. Scotiabank lifted their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Monday, May 12th. Stifel Nicolaus lifted their target price on shares of Realty Income from $65.50 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Finally, Barclays reaffirmed an “overweight” rating on shares of Realty Income in a research note on Tuesday, April 22nd.

Institutional Investors Weigh In On Realty Income

Several hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new position in Realty Income during the 4th quarter valued at approximately $624,666,000. Northern Trust Corp boosted its position in Realty Income by 41.2% during the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust’s stock worth $701,792,000 after acquiring an additional 3,834,403 shares during the period. Nuveen LLC acquired a new stake in shares of Realty Income in the first quarter valued at $207,573,000. Vanguard Group Inc. lifted its holdings in shares of Realty Income by 2.4% in the first quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust’s stock valued at $8,267,084,000 after buying an additional 3,274,853 shares during the period. Finally, Centersquare Investment Management LLC lifted its holdings in shares of Realty Income by 27.0% in the first quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust’s stock valued at $288,375,000 after buying an additional 1,055,840 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Stock Up 0.2%

O stock opened at $56.79 on Thursday. The firm has a 50 day moving average of $56.78 and a 200 day moving average of $55.97. The stock has a market capitalization of $51.28 billion, a PE ratio of 51.62, a price-to-earnings-growth ratio of 3.97 and a beta of 0.75. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69. Realty Income has a 52 week low of $50.71 and a 52 week high of $64.88.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.06. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. Realty Income’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the firm posted $1.03 EPS. Sell-side analysts forecast that Realty Income will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The company also recently disclosed a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a $0.269 dividend. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, August 1st. Realty Income’s dividend payout ratio is currently 293.64%.

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.