Realty Income Corporation (NYSE:O) Receives Average Recommendation of “Hold” from Brokerages

Realty Income Corporation (NYSE:O) has been given a consensus recommendation of “Hold” by the sixteen analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $66.3929.

A number of equities research analysts recently weighed in on the company. Freedom Capital cut Realty Income from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Mizuho lifted their price objective on Realty Income from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday, March 11th. Barclays boosted their target price on Realty Income from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, March 13th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $61.00 target price on shares of Realty Income in a report on Thursday, December 18th. Finally, Morgan Stanley raised their price target on Realty Income from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 24th.

Hedge Funds Weigh In On Realty Income

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Realty Income during the 2nd quarter worth approximately $676,500,000. Vanguard Group Inc. raised its position in shares of Realty Income by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 149,730,338 shares of the real estate investment trust’s stock worth $9,102,107,000 after purchasing an additional 3,594,127 shares during the last quarter. Morgan Stanley lifted its stake in Realty Income by 21.6% in the 4th quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock valued at $1,031,080,000 after buying an additional 3,252,091 shares in the last quarter. Schroder Investment Management Group lifted its stake in Realty Income by 420.0% in the 2nd quarter. Schroder Investment Management Group now owns 2,139,550 shares of the real estate investment trust’s stock valued at $123,259,000 after buying an additional 1,728,082 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in Realty Income by 45.1% during the 4th quarter. Deutsche Bank AG now owns 4,998,963 shares of the real estate investment trust’s stock valued at $281,792,000 after buying an additional 1,554,726 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Down 0.2%

Shares of NYSE O opened at $60.81 on Tuesday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.72. Realty Income has a 52 week low of $50.71 and a 52 week high of $67.93. The firm has a 50-day moving average price of $63.52 and a 200 day moving average price of $60.10. The stock has a market capitalization of $56.70 billion, a price-to-earnings ratio of 51.98, a price-to-earnings-growth ratio of 4.51 and a beta of 0.77.

Realty Income (NYSE:O) last issued its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 earnings per share for the quarter, hitting the consensus estimate of $1.08. Realty Income had a net margin of 18.41% and a return on equity of 2.68%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the business posted $1.05 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. Equities research analysts anticipate that Realty Income will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.2705 dividend. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Realty Income’s previous monthly dividend of $0.27. Realty Income’s dividend payout ratio is currently 276.92%.

Realty Income Company Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.