Realty Income Corporation (NYSE:O) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Realty Income Corporation (NYSE:O) have been given an average rating of “Hold” by the twelve ratings firms that are covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $61.7273.

A number of brokerages have commented on O. JPMorgan Chase & Co. cut their price target on shares of Realty Income from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Barclays restated an “overweight” rating on shares of Realty Income in a research note on Tuesday, April 22nd. Wolfe Research cut shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Wedbush reiterated a “neutral” rating and issued a $61.00 target price on shares of Realty Income in a research note on Wednesday, May 7th. Finally, Stifel Nicolaus lifted their target price on shares of Realty Income from $65.50 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th.

Institutional Trading of Realty Income

A number of hedge funds and other institutional investors have recently modified their holdings of O. Brighton Jones LLC increased its holdings in shares of Realty Income by 11.2% in the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock valued at $326,000 after purchasing an additional 615 shares in the last quarter. Bessemer Group Inc. grew its holdings in Realty Income by 10.1% during the 4th quarter. Bessemer Group Inc. now owns 7,671 shares of the real estate investment trust’s stock worth $410,000 after acquiring an additional 702 shares during the period. Rockefeller Capital Management L.P. grew its holdings in Realty Income by 0.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 592,860 shares of the real estate investment trust’s stock worth $31,665,000 after acquiring an additional 2,625 shares during the period. Townsquare Capital LLC grew its holdings in Realty Income by 0.6% during the 4th quarter. Townsquare Capital LLC now owns 97,823 shares of the real estate investment trust’s stock worth $5,225,000 after acquiring an additional 539 shares during the period. Finally, Sagespring Wealth Partners LLC acquired a new stake in Realty Income during the 4th quarter worth $1,253,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Up 1.0%

Shares of O opened at $58.40 on Monday. The stock has a market cap of $53.40 billion, a price-to-earnings ratio of 56.70, a P/E/G ratio of 4.47 and a beta of 0.76. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. Realty Income has a 12 month low of $50.71 and a 12 month high of $64.88. The company has a 50-day moving average price of $57.39 and a two-hundred day moving average price of $56.57.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.07 EPS. Equities analysts predict that Realty Income will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a $0.269 dividend. This is an increase from Realty Income’s previous monthly dividend of $0.26. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. Realty Income’s dividend payout ratio (DPR) is 313.59%.

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.