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

Realty Income Co. (NYSE:OGet Free Report) has been assigned a consensus recommendation of “Hold” from the fourteen research firms that are presently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $61.35.

A number of equities analysts have issued reports on the stock. UBS Group cut their target price on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Mizuho raised their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, May 10th. KeyCorp assumed coverage on shares of Realty Income in a report on Wednesday, June 12th. They issued a “sector weight” rating on the stock. Stifel Nicolaus cut their target price on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Finally, Scotiabank lifted their price target on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th.

Get Our Latest Stock Analysis on O

Insiders Place Their Bets

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the transaction, the director now directly owns 6,257 shares in the company, valued at approximately $339,317.11. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Realty Income

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pathstone Family Office LLC boosted its stake in shares of Realty Income by 100.7% during the 3rd quarter. Pathstone Family Office LLC now owns 13,129 shares of the real estate investment trust’s stock valued at $665,000 after buying an additional 6,587 shares during the period. HighTower Advisors LLC boosted its stake in shares of Realty Income by 5.4% during the 3rd quarter. HighTower Advisors LLC now owns 226,659 shares of the real estate investment trust’s stock valued at $11,302,000 after buying an additional 11,693 shares during the period. UBS Group AG boosted its stake in shares of Realty Income by 56.1% during the 3rd quarter. UBS Group AG now owns 1,415,849 shares of the real estate investment trust’s stock valued at $70,707,000 after buying an additional 508,933 shares during the period. Valley Wealth Managers Inc. lifted its stake in shares of Realty Income by 2.4% in the 3rd quarter. Valley Wealth Managers Inc. now owns 71,397 shares of the real estate investment trust’s stock valued at $3,566,000 after purchasing an additional 1,652 shares during the last quarter. Finally, Ellevest Inc. lifted its stake in shares of Realty Income by 7.5% in the 3rd quarter. Ellevest Inc. now owns 8,474 shares of the real estate investment trust’s stock valued at $423,000 after purchasing an additional 592 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Stock Performance

Shares of O stock opened at $53.37 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. Realty Income has a one year low of $45.03 and a one year high of $64.18. The company’s 50-day simple moving average is $53.50 and its 200-day simple moving average is $54.23. The stock has a market capitalization of $46.47 billion, a price-to-earnings ratio of 49.42, a PEG ratio of 4.67 and a beta of 0.94.

Realty Income (NYSE:OGet Free Report) last issued its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.87). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the business posted $0.98 EPS. The business’s revenue for the quarter was up 33.5% on a year-over-year basis. Equities analysts anticipate that Realty Income will post 4.18 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a jul 24 dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be given a $0.263 dividend. This is a positive change from Realty Income’s previous jul 24 dividend of $0.26. The ex-dividend date of this dividend is Monday, July 1st. This represents a yield of 6%. Realty Income’s payout ratio is 291.67%.

Realty Income Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Realty Income (NYSE:O)

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