Brokerages Set Realty Income Co. (NYSE:O) Target Price at $63.85

Shares of Realty Income Co. (NYSE:O) have been given a consensus rating of “Hold” by the thirteen analysts that are presently covering the firm, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $63.67.

Several equities research analysts recently weighed in on O shares. Royal Bank of Canada reduced their target price on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Mizuho downgraded Realty Income from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $64.00 to $60.00 in a research report on Thursday, November 14th. Wells Fargo & Company reissued an “equal weight” rating and set a $65.00 price objective (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. JPMorgan Chase & Co. upped their target price on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Finally, Wedbush assumed coverage on shares of Realty Income in a research note on Monday, August 19th. They set a “neutral” rating and a $64.00 price target on the stock.

Realty Income Stock Performance

Shares of NYSE O opened at $55.79 on Wednesday. Realty Income has a 12 month low of $50.65 and a 12 month high of $64.88. The company has a market cap of $48.83 billion, a P/E ratio of 53.13, a P/E/G ratio of 3.95 and a beta of 0.98. The business’s 50 day moving average is $59.59 and its two-hundred day moving average is $58.30. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the firm posted $1.02 EPS. The company’s revenue was up 28.1% compared to the same quarter last year. On average, equities analysts expect that Realty Income will post 4.2 EPS for the current year.

Realty Income Announces Dividend

The company also recently declared a jan 25 dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.264 per share. Realty Income’s dividend payout ratio is currently 300.96%.

Institutional Trading of Realty Income

Large investors have recently added to or reduced their stakes in the company. Mather Group LLC. increased its stake in shares of Realty Income by 69.5% in the second quarter. Mather Group LLC. now owns 9,945 shares of the real estate investment trust’s stock valued at $538,000 after buying an additional 4,079 shares in the last quarter. CWM LLC increased its position in Realty Income by 2.8% in the 2nd quarter. CWM LLC now owns 76,072 shares of the real estate investment trust’s stock valued at $4,018,000 after acquiring an additional 2,037 shares in the last quarter. Lantz Financial LLC bought a new position in shares of Realty Income in the second quarter worth about $234,000. Simplicity Wealth LLC lifted its position in shares of Realty Income by 14.3% during the second quarter. Simplicity Wealth LLC now owns 25,859 shares of the real estate investment trust’s stock worth $1,366,000 after purchasing an additional 3,233 shares in the last quarter. Finally, Foresight Capital Management Advisors Inc. grew its stake in shares of Realty Income by 10.9% during the second quarter. Foresight Capital Management Advisors Inc. now owns 17,259 shares of the real estate investment trust’s stock valued at $912,000 after purchasing an additional 1,698 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

About Realty Income

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.