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

Shares of Realty Income Corporation (NYSE:O) have been assigned a consensus rating of “Hold” from the fourteen analysts that are presently covering the firm, MarketBeat Ratings reports. Eleven analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $62.25.

Several research analysts have issued reports on O shares. Evercore ISI started coverage on Realty Income in a report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price objective on the stock. Mizuho lifted their price target on shares of Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Wells Fargo & Company raised their target price on shares of Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Realty Income in a report on Monday, December 1st. Finally, Royal Bank Of Canada boosted their price objective on shares of Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th.

Insider Activity at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the sale, the director owned 19,211 shares in the company, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Realty Income

Several hedge funds have recently bought and sold shares of the company. Compagnie Lombard Odier SCmA acquired a new position in Realty Income during the second quarter valued at approximately $25,000. Stance Capital LLC acquired a new stake in Realty Income in the third quarter valued at about $27,000. Keystone Global Partners LLC acquired a new position in Realty Income during the first quarter worth about $26,000. Heartwood Wealth Advisors LLC acquired a new position in Realty Income during the third quarter worth about $29,000. Finally, Strengthening Families & Communities LLC lifted its holdings in shares of Realty Income by 586.1% in 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. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Performance

NYSE:O opened at $57.71 on Friday. Realty Income has a 12-month low of $50.71 and a 12-month high of $61.08. The firm has a market capitalization of $53.09 billion, a PE ratio of 53.44, a price-to-earnings-growth ratio of 3.62 and a beta of 0.80. The firm has a 50-day moving average price of $57.99 and a 200 day moving average price of $58.01. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The business’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the business earned $1.05 earnings per share. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Research analysts anticipate that Realty Income will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) annualized dividend and a yield of 5.6%. This is a positive change from Realty Income’s previous monthly dividend of $0.27. Realty Income’s payout ratio is 299.07%.

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.