Realty Income Co. (NYSE:O) Receives $60.96 Average PT from Analysts

Shares of Realty Income Co. (NYSE:O) have been assigned an average rating of “Hold” from the twelve research firms that are presently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $60.96.

A number of brokerages have recently commented on O. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Stifel Nicolaus lowered their price target on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Royal Bank of Canada boosted their price objective on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, January 11th. BMO Capital Markets initiated coverage on shares of Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 target price on the stock. Finally, Mizuho cut their target price on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, March 7th.

Insider Activity

In other news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the transaction, the director now directly owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Realty Income

A number of hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC raised its position in Realty Income by 19.5% in the 3rd quarter. International Assets Investment Management LLC now owns 5,824 shares of the real estate investment trust’s stock valued at $289,000 after purchasing an additional 951 shares during the last quarter. Arkadios Wealth Advisors lifted its position in Realty Income by 49.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 5,972 shares of the real estate investment trust’s stock worth $298,000 after buying an additional 1,965 shares in the last quarter. HB Wealth Management LLC grew its holdings in Realty Income by 43.4% during the 3rd quarter. HB Wealth Management LLC now owns 7,712 shares of the real estate investment trust’s stock worth $385,000 after acquiring an additional 2,334 shares during the last quarter. Impact Partnership Wealth LLC increased its position in Realty Income by 1,034.6% in the 3rd quarter. Impact Partnership Wealth LLC now owns 2,587 shares of the real estate investment trust’s stock valued at $129,000 after acquiring an additional 2,359 shares in the last quarter. Finally, Founders Financial Securities LLC raised its stake in shares of Realty Income by 19.1% in the third quarter. Founders Financial Securities LLC now owns 20,276 shares of the real estate investment trust’s stock worth $1,013,000 after acquiring an additional 3,254 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

NYSE O opened at $53.80 on Tuesday. The company has a 50 day moving average price of $52.62 and a two-hundred day moving average price of $53.45. Realty Income has a 12-month low of $45.03 and a 12-month high of $64.18. The stock has a market capitalization of $46.33 billion, a PE ratio of 42.70, a price-to-earnings-growth ratio of 5.54 and a beta of 0.92. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.72). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.02 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The firm’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 EPS. As a group, equities analysts predict that Realty Income will post 4.16 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The company also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.257 dividend. The ex-dividend date is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio is currently 244.45%.

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.