Realty Income Co. (NYSE:O) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Realty Income Co. (NYSE:O) have been given a consensus recommendation of “Hold” by the fourteen ratings firms that are presently covering the company, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $62.04.

Several equities analysts have recently weighed in on O shares. Stifel Nicolaus reduced their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada reduced their price objective on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Mizuho reduced their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Scotiabank reduced their price objective on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective for the company.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Lee Danner & Bass Inc. purchased a new position in shares of Realty Income during the 4th quarter valued at about $28,000. Hopwood Financial Services Inc. purchased a new position in shares of Realty Income during the 4th quarter valued at about $29,000. Sierra Ocean LLC purchased a new position in Realty Income in the 4th quarter worth approximately $32,000. Millstone Evans Group LLC purchased a new position in Realty Income in the 4th quarter worth approximately $34,000. Finally, Fourth Dimension Wealth LLC purchased a new position in Realty Income in the 4th quarter worth approximately $34,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Price Performance

Shares of NYSE:O opened at $56.45 on Friday. Realty Income has a 1-year low of $50.65 and a 1-year high of $64.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The business has a fifty day moving average price of $55.44 and a 200-day moving average price of $57.58. The company has a market capitalization of $50.33 billion, a PE ratio of 53.76, a PEG ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. As a group, equities 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. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.2685 per share. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. This represents a dividend yield of 5.7%. The ex-dividend date is Tuesday, April 1st. Realty Income’s payout ratio is currently 328.57%.

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.