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

Realty Income Corporation (NYSE:O) has been given an average recommendation of “Hold” by the fourteen ratings firms that are covering the company, MarketBeat reports. Eleven investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $62.3333.

Several research firms have commented on O. Evercore ISI initiated coverage on Realty Income in a research note on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price objective for the company. Scotiabank increased their price target on Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. UBS Group boosted their price objective on shares of Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Mizuho raised their target price on shares of Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Finally, Wall Street Zen raised shares of Realty Income from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th.

Insider Activity

In other news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the transaction, the director directly owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. This represents a 36.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Realty Income

A number of institutional investors and hedge funds have recently modified their holdings of the company. Compagnie Lombard Odier SCmA purchased a new stake in Realty Income during the second quarter worth $25,000. Keystone Global Partners LLC acquired a new position in shares of Realty Income during the 1st quarter worth $26,000. Heartwood Wealth Advisors LLC purchased a new stake in shares of Realty Income in the 3rd quarter worth about $29,000. Avion Wealth grew its stake in Realty Income by 142.4% in the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 309 shares during the last quarter. Finally, Strengthening Families & Communities LLC raised its position in Realty Income by 586.1% during the third quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 422 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Up 0.6%

Shares of NYSE:O opened at $57.35 on Wednesday. Realty Income has a 1-year low of $50.71 and a 1-year high of $61.08. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market cap of $52.76 billion, a P/E ratio of 55.68, a P/E/G ratio of 4.46 and a beta of 0.77. The firm has a fifty day moving average price of $58.96 and a 200 day moving average price of $57.86.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the business posted $1.05 earnings per share. Realty Income’s quarterly revenue was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Sell-side analysts predict that Realty Income will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be issued a $0.2695 dividend. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Friday, November 28th. Realty Income’s payout ratio is currently 299.07%.

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.