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

Realty Income Co. (NYSE:O) has been given an average recommendation of “Hold” by the fourteen research firms that are currently covering the firm, Marketbeat Ratings reports. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $62.42.

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price for the company. Stifel Nicolaus dropped their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Barclays lifted their target price on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. Mizuho increased their price target on Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, April 3rd. Finally, Royal Bank of Canada cut their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th.

Realty Income Price Performance

NYSE:O opened at $52.92 on Tuesday. The stock has a market cap of $47.19 billion, a PE ratio of 50.40, a P/E/G ratio of 2.10 and a beta of 0.79. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The business’s 50-day simple moving average is $55.97 and its two-hundred day simple moving average is $56.99. Realty Income has a 52 week low of $50.65 and a 52 week high of $64.88.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. As a group, analysts forecast that Realty Income will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.2685 per share. This represents a yield of 5.7%. The ex-dividend date is Tuesday, April 1st. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s dividend payout ratio is presently 328.57%.

Institutional Investors Weigh In On Realty Income

Several institutional investors have recently made changes to their positions in the company. Lee Danner & Bass Inc. bought a new stake in shares of Realty Income during the 4th quarter worth approximately $28,000. Hopwood Financial Services Inc. bought a new stake in shares of Realty Income during the fourth quarter worth $29,000. Sierra Ocean LLC bought a new stake in shares of Realty Income during the fourth quarter worth $32,000. Millstone Evans Group LLC purchased a new stake in shares of Realty Income during the fourth quarter valued at $34,000. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Realty Income in the fourth quarter worth about $34,000. Institutional investors own 70.81% of the company’s stock.

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.