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

Shares of Realty Income Co. (NYSE:O) have been assigned an average recommendation of “Hold” from the fourteen analysts that are currently covering the stock, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $63.85.

O has been the subject of several recent research reports. Mizuho lowered Realty Income from an “outperform” rating to a “neutral” rating and cut their price target for the company from $64.00 to $60.00 in a report on Thursday. JPMorgan Chase & Co. boosted their price target on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Stifel Nicolaus cut their price target on Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Wedbush initiated coverage on Realty Income in a report on Monday, August 19th. They set a “neutral” rating and a $64.00 price target for the company. Finally, UBS Group cut their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday.

Realty Income Stock Performance

Shares of O opened at $56.53 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income has a one year low of $50.65 and a one year high of $64.88. The firm has a market capitalization of $49.48 billion, a P/E ratio of 53.84, a PEG ratio of 4.00 and a beta of 0.99. The business has a fifty day moving average of $61.43 and a 200 day moving average of $57.96.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the firm earned $1.02 EPS. The business’s revenue was up 28.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Realty Income will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a $0.2635 dividend. This is an increase from Realty Income’s previous monthly dividend of $0.24. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date is Monday, December 2nd. Realty Income’s payout ratio is currently 300.96%.

Insider Buying and Selling

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 26,579 shares in the company, valued at $1,663,313.82. This represents a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, 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 value of $303,850.00. Following the sale, the director now owns 5,257 shares in the company, valued at approximately $319,467.89. This trade represents a 48.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of O. Norden Group LLC bought a new position in Realty Income in the first quarter worth approximately $356,000. Csenge Advisory Group boosted its position in Realty Income by 31.1% during the 1st quarter. Csenge Advisory Group now owns 6,135 shares of the real estate investment trust’s stock valued at $332,000 after acquiring an additional 1,456 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Realty Income by 33.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 57,880 shares of the real estate investment trust’s stock valued at $3,131,000 after acquiring an additional 14,644 shares in the last quarter. Empowered Funds LLC boosted its position in Realty Income by 48.4% during the 1st quarter. Empowered Funds LLC now owns 11,233 shares of the real estate investment trust’s stock valued at $608,000 after acquiring an additional 3,663 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in Realty Income by 479.7% during the 1st quarter. SG Americas Securities LLC now owns 146,265 shares of the real estate investment trust’s stock valued at $7,913,000 after acquiring an additional 121,036 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

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.