Analysts Set Realty Income Co. (NYSE:O) Price Target at $62.59

Shares of Realty Income Co. (NYSE:O) have earned an average recommendation of “Hold” from the fifteen brokerages that are currently covering the stock, Marketbeat.com reports. Nine analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $62.59.

A number of research analysts have recently commented on the stock. Scotiabank increased their target price on shares of Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 17th. UBS Group raised their target price on shares of Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Morgan Stanley reiterated an “equal weight” rating and set a $62.00 price target on shares of Realty Income in a report on Tuesday, August 6th. Wells Fargo & Company raised their price objective on Realty Income from $57.00 to $62.00 and gave the company an “equal weight” rating in a report on Monday, August 26th. Finally, KeyCorp began coverage on Realty Income in a report on Wednesday, June 12th. They issued a “sector weight” rating for the company.

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 Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the sale, the director now directly owns 5,257 shares in the company, valued at $319,467.89. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the sale, the director now directly owns 5,257 shares in the company, valued at $319,467.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the transaction, the director now owns 26,579 shares in the company, valued at approximately $1,663,313.82. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Realty Income

A number of hedge funds have recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Realty Income by 117.4% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 630,500 shares of the real estate investment trust’s stock valued at $33,303,000 after buying an additional 340,500 shares in the last quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lifted its position in Realty Income by 6.8% in the 2nd quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group now owns 24,570 shares of the real estate investment trust’s stock valued at $1,298,000 after acquiring an additional 1,568 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Realty Income during the 2nd quarter valued at about $8,200,000. Cetera Investment Advisers increased its holdings in Realty Income by 2.4% during the 2nd quarter. Cetera Investment Advisers now owns 974,442 shares of the real estate investment trust’s stock worth $51,470,000 after purchasing an additional 23,107 shares in the last quarter. Finally, Pathway Financial Advisers LLC raised its stake in shares of Realty Income by 1.5% in the second quarter. Pathway Financial Advisers LLC now owns 84,882 shares of the real estate investment trust’s stock worth $4,475,000 after purchasing an additional 1,291 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of NYSE:O opened at $62.55 on Friday. Realty Income has a 1 year low of $45.03 and a 1 year high of $63.39. The stock has a market capitalization of $54.47 billion, a price-to-earnings ratio of 57.92, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39. The company’s 50 day simple moving average is $60.53 and its 200 day simple moving average is $55.85.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a net margin of 17.89% and a return on equity of 3.27%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the business posted $1.00 EPS. The company’s revenue for the quarter was up 31.4% on a year-over-year basis. As a group, research analysts predict that Realty Income will post 3.93 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a oct 24 dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be issued a $0.2635 dividend. This is a positive change from Realty Income’s previous oct 24 dividend of $0.26. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a yield of 5%. Realty Income’s payout ratio is presently 292.59%.

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.