Realty Income Co. (NYSE:O) Receives $62.04 Consensus PT from Analysts

Realty Income Co. (NYSE:O) has earned a consensus recommendation of “Hold” from the fourteen analysts that are covering the firm, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $62.04.

O has been the topic of several recent analyst reports. Mizuho cut their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus cut their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Scotiabank lowered their target price on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price for the company. Finally, BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a research note on Tuesday, February 25th.

Hedge Funds Weigh In On Realty Income

Several institutional investors have recently modified their holdings of the company. Prime Capital Investment Advisors LLC grew its position in Realty Income by 6.1% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 15,323 shares of the real estate investment trust’s stock valued at $972,000 after buying an additional 875 shares in the last quarter. Empower Advisory Group LLC bought a new position in Realty Income in the 3rd quarter valued at about $208,000. Oppenheimer & Co. Inc. grew its position in Realty Income by 5.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 91,410 shares of the real estate investment trust’s stock valued at $5,797,000 after buying an additional 4,982 shares in the last quarter. Plato Investment Management Ltd grew its position in Realty Income by 683.8% in the 3rd quarter. Plato Investment Management Ltd now owns 2,704 shares of the real estate investment trust’s stock valued at $171,000 after buying an additional 2,359 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in Realty Income by 3.9% in the 3rd quarter. Huntington National Bank now owns 168,933 shares of the real estate investment trust’s stock valued at $10,714,000 after acquiring an additional 6,308 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Trading Up 1.7 %

O opened at $56.79 on Friday. The stock has a market capitalization of $50.63 billion, a PE ratio of 54.09, a P/E/G ratio of 2.10 and a beta of 1.00. The firm’s fifty day moving average price is $55.11 and its 200 day moving average price is $57.66. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income has a 12-month low of $50.65 and a 12-month 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. As a group, research analysts expect that Realty Income will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.2685 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a dividend yield of 5.7%. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s dividend payout ratio is currently 327.55%.

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.