Realty Income Co. (NYSE:O) Given Consensus Recommendation of “Hold” by Analysts

Shares of Realty Income Co. (NYSE:O) have received a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $63.94.

Several equities research analysts recently issued reports on O shares. Royal Bank of Canada raised their target price on shares of Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Wedbush started coverage on Realty Income in a research report on Monday, August 19th. They issued a “neutral” rating and a $64.00 price objective for the company. UBS Group boosted their target price on Realty Income from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Morgan Stanley reaffirmed an “equal weight” rating and set a $62.00 price target on shares of Realty Income in a report on Tuesday, August 6th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $65.00 price objective (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st.

Insider Activity

In other news, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the sale, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the transaction, the director now directly owns 5,257 shares in the company, valued at $319,467.89. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was 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 of the company’s stock, valued at $1,663,313.82. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Realty Income

A number of hedge funds and other institutional investors have recently bought and sold shares of O. Vanguard Group Inc. increased its position in Realty Income by 18.3% in the 1st quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock valued at $7,290,982,000 after acquiring an additional 20,848,560 shares during the period. Raymond James & Associates grew its stake in shares of Realty Income by 92.4% in the third quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust’s stock worth $410,932,000 after purchasing an additional 3,112,560 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in Realty Income by 63.2% in the second quarter. Canada Pension Plan Investment Board now owns 2,610,483 shares of the real estate investment trust’s stock valued at $137,886,000 after purchasing an additional 1,010,876 shares during the period. Centersquare Investment Management LLC raised its position in Realty Income by 14.9% during the 1st quarter. Centersquare Investment Management LLC now owns 6,824,420 shares of the real estate investment trust’s stock worth $365,379,000 after purchasing an additional 885,852 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Realty Income by 410.7% during the 1st quarter. Cetera Investment Advisers now owns 951,335 shares of the real estate investment trust’s stock worth $51,467,000 after buying an additional 765,048 shares during the period. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of NYSE O opened at $63.79 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a 50 day moving average price of $62.10 and a 200 day moving average price of $57.19. The stock has a market capitalization of $55.55 billion, a PE ratio of 59.06, a price-to-earnings-growth ratio of 4.32 and a beta of 0.99. Realty Income has a 52 week low of $45.03 and a 52 week high of $64.88.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 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 2.36%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the company posted $1.00 EPS. The company’s quarterly revenue was up 31.4% compared to the same quarter last year. Analysts predict that Realty Income will post 4.2 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The firm also recently declared a nov 24 dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $0.2635 dividend. The ex-dividend date is Friday, November 1st. This represents a dividend yield of 5.1%. Realty Income’s payout ratio is 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.