Realty Income Co. (NYSE:O) Receives $61.38 Consensus PT from Brokerages

Realty Income Co. (NYSE:O) has been assigned a consensus rating of “Hold” from the twelve brokerages that are currently covering the company, MarketBeat Ratings reports. Seven research 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 $61.38.

O has been the subject of a number of research analyst reports. Stifel Nicolaus cut their target price on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Mizuho boosted their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. BMO Capital Markets initiated coverage on shares of Realty Income in a research report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 target price for the company. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Finally, Scotiabank upped their price objective on shares of Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research report on Thursday, May 16th.

Realty Income Trading Down 0.2 %

Realty Income stock opened at $52.18 on Friday. The stock has a market cap of $45.44 billion, a P/E ratio of 48.31, a P/E/G ratio of 4.57 and a beta of 0.92. Realty Income has a 12 month low of $45.03 and a 12 month high of $64.18. The company’s fifty day simple moving average is $53.48 and its 200-day simple moving average is $54.16. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The company’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 earnings per share. As a group, sell-side 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 jun 24 dividend, which will be paid on Friday, June 14th. Investors of record on Monday, June 3rd will be issued a $0.2625 dividend. The ex-dividend date is Monday, June 3rd. This represents a dividend yield of 5.7%. This is a positive change from Realty Income’s previous jun 24 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is currently 285.19%.

Insider Activity at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction on 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 sale, the director now owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Institutional Trading of Realty Income

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Realty Income by 18.3% during the first quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock worth $7,290,982,000 after purchasing an additional 20,848,560 shares in the last quarter. Norges Bank bought a new stake in Realty Income in the 4th quarter valued at $506,526,000. Principal Financial Group Inc. lifted its position in Realty Income by 107.1% in the 4th quarter. Principal Financial Group Inc. now owns 4,951,020 shares of the real estate investment trust’s stock valued at $284,288,000 after acquiring an additional 2,560,597 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its position in Realty Income by 213.3% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,171,853 shares of the real estate investment trust’s stock valued at $124,708,000 after acquiring an additional 1,478,577 shares in the last quarter. Finally, GRS Advisors LLC bought a new stake in Realty Income in the 4th quarter valued at $58,843,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Company Profile

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.