Brokerages Set Realty Income Corporation (NYSE:O) Target Price at $62.23

Realty Income Corporation (NYSE:O) has received an average rating of “Hold” from the fifteen research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $62.2308.

O has been the topic of a number of research reports. Mizuho reduced their target price on shares of Realty Income from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Barclays lifted their price target on shares of Realty Income from $63.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 3rd. Wells Fargo & Company increased their price objective on Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. Royal Bank Of Canada raised their target price on Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $61.00 target price on shares of Realty Income in a report on Thursday, December 18th.

Institutional Investors Weigh In On Realty Income

Several hedge funds and other institutional investors have recently modified their holdings of the company. Compagnie Lombard Odier SCmA purchased a new position in shares of Realty Income during the second quarter valued at approximately $25,000. Stance Capital LLC purchased a new stake in Realty Income in the 3rd quarter valued at $27,000. Heartwood Wealth Advisors LLC bought a new position in Realty Income during the 3rd quarter valued at $29,000. Avion Wealth boosted its holdings in Realty Income by 142.4% during the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 309 shares during the last quarter. Finally, Strengthening Families & Communities LLC grew its stake in shares of Realty Income by 586.1% in the 3rd quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 422 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Down 0.2%

O stock opened at $58.16 on Thursday. Realty Income has a 52 week low of $50.71 and a 52 week high of $61.08. The business has a 50-day simple moving average of $57.09 and a 200 day simple moving average of $58.02. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.72. The company has a market cap of $53.50 billion, a PE ratio of 53.85, a price-to-earnings-growth ratio of 3.74 and a beta of 0.80.

Realty Income (NYSE:O) last released its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.01. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The company’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.05 earnings per share. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Sell-side analysts anticipate that Realty Income will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.27 per share. This is a positive change from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 5.6%. Realty Income’s payout ratio is 300.00%.

Realty Income Company Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.