Analysts Set Realty Income Corporation (NYSE:O) PT at $62.00

Realty Income Corporation (NYSE:O) has earned an average recommendation of “Hold” from the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $62.00.

A number of research firms recently issued reports on O. Barclays boosted their target price on shares of Realty Income from $58.00 to $59.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 20th. UBS Group boosted their price objective on Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a report on Friday, August 15th. Wolfe Research lowered Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Finally, Scotiabank lifted their price target on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th.

Institutional Trading of Realty Income

A number of hedge funds have recently added to or reduced their stakes in O. Osaic Holdings Inc. increased its holdings in Realty Income by 15.6% in the second quarter. Osaic Holdings Inc. now owns 464,621 shares of the real estate investment trust’s stock valued at $26,779,000 after buying an additional 62,837 shares in the last quarter. FSC Wealth Advisors LLC grew its position in shares of Realty Income by 44.7% during the 2nd quarter. FSC Wealth Advisors LLC now owns 887 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 274 shares during the period. Total Investment Management Inc. purchased a new position in shares of Realty Income in the 2nd quarter valued at about $65,000. Orion Porfolio Solutions LLC raised its holdings in Realty Income by 30.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 25,437 shares of the real estate investment trust’s stock worth $1,465,000 after purchasing an additional 5,995 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in Realty Income by 30.4% during the second quarter. Thrivent Financial for Lutherans now owns 202,906 shares of the real estate investment trust’s stock worth $11,633,000 after purchasing an additional 47,328 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Price Performance

Shares of NYSE O opened at $59.48 on Friday. Realty Income has a 52 week low of $50.71 and a 52 week high of $64.88. The business’s 50 day moving average price is $57.79 and its 200 day moving average price is $57.01. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The firm has a market cap of $54.38 billion, a P/E ratio of 57.75, a P/E/G ratio of 4.52 and a beta of 0.77.

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

Realty Income Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.269 per share. This is a positive change from Realty Income’s previous monthly dividend of $0.26. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 5.4%. Realty Income’s payout ratio is presently 313.59%.

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.