Analysts Set Realty Income Co. (NYSE:O) PT at $60.96

Realty Income Co. (NYSE:O) has received a consensus rating of “Hold” from the twelve analysts that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $60.96.

Several equities analysts recently weighed in on the stock. Stifel Nicolaus cut their price target on shares of 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 increased their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, January 11th. Mizuho lowered their price objective on Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. BMO Capital Markets started coverage on Realty Income in a research report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price objective on the stock. Finally, StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th.

Realty Income Stock Performance

O opened at $53.71 on Tuesday. Realty Income has a 52-week low of $45.03 and a 52-week high of $64.18. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64. The company has a market cap of $46.25 billion, a P/E ratio of 42.63, a price-to-earnings-growth ratio of 5.58 and a beta of 0.92. The firm’s 50-day moving average price is $52.65 and its 200-day moving average price is $53.50.

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

Realty Income Announces Dividend

The firm also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.257 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is presently 244.45%.

Insiders Place Their Bets

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business’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 sale, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Institutional Trading of Realty Income

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Realty Income during the fourth quarter worth about $506,526,000. Vanguard Group Inc. grew its position in shares of Realty Income by 3.9% during the third quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock worth $5,537,019,000 after buying an additional 4,172,231 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Realty Income by 107.1% during the fourth quarter. Principal Financial Group Inc. now owns 4,951,020 shares of the real estate investment trust’s stock worth $284,288,000 after buying an additional 2,560,597 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC grew its position in shares of Realty Income by 213.3% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,171,853 shares of the real estate investment trust’s stock worth $124,708,000 after buying an additional 1,478,577 shares in the last quarter. Finally, GRS Advisors LLC acquired a new position in Realty Income in the fourth quarter valued at approximately $58,843,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

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.