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

Realty Income Corporation (NYSE:OGet Free Report) has earned an average rating of “Hold” from the sixteen analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $67.4643.

A number of research analysts have commented on O shares. Morgan Stanley set a $67.00 price target on shares of Realty Income in a research report on Monday, April 27th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Realty Income in a research report on Friday, April 10th. Wall Street Zen upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Evercore restated a “positive” rating on shares of Realty Income in a report on Wednesday, February 25th. Finally, UBS Group upgraded shares of Realty Income to a “hold” rating in a report on Monday, June 1st.

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Realty Income Stock Up 1.2%

Shares of NYSE O opened at $62.66 on Friday. Realty Income has a one year low of $55.86 and a one year high of $67.93. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The firm’s 50 day simple moving average is $62.44 and its two-hundred day simple moving average is $61.44. The stock has a market capitalization of $58.43 billion, a P/E ratio of 51.36, a PEG ratio of 4.91 and a beta of 0.72.

Realty Income (NYSE:OGet Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the business earned $1.06 earnings per share. The business’s quarterly revenue was up 12.2% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. As a group, analysts expect that Realty Income will post 4.44 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.271 dividend. This is a positive change from Realty Income’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Tuesday, June 30th. Realty Income’s dividend payout ratio (DPR) is 266.39%.

Insider Activity

In other news, insider Michelle Bushore sold 7,400 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $62.42, for a total value of $461,908.00. Following the transaction, the insider owned 67,641 shares in the company, valued at approximately $4,222,151.22. This trade represents a 9.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in O. Norges Bank bought a new stake in shares of Realty Income during the 4th quarter valued at $558,775,000. Vanguard Group Inc. raised its holdings in shares of Realty Income by 2.5% during the third quarter. Vanguard Group Inc. now owns 149,730,338 shares of the real estate investment trust’s stock valued at $9,102,107,000 after purchasing an additional 3,594,127 shares during the last quarter. Morgan Stanley increased its position in shares of Realty Income by 21.6% during the 4th quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock valued at $1,031,080,000 after purchasing an additional 3,252,091 shares during the last quarter. Deutsche Bank AG increased its position in shares of Realty Income by 45.1% during the 4th quarter. Deutsche Bank AG now owns 4,998,963 shares of the real estate investment trust’s stock valued at $281,792,000 after purchasing an additional 1,554,726 shares during the last quarter. Finally, Amundi increased its position in shares of Realty Income by 56.7% during the 1st quarter. Amundi now owns 4,183,310 shares of the real estate investment trust’s stock valued at $255,934,000 after purchasing an additional 1,514,119 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income News Roundup

Here are the key news stories impacting Realty Income this week:

About Realty Income

(Get Free Report)

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.

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Analyst Recommendations for Realty Income (NYSE:O)

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