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

Shares of Realty Income Co. (NYSE:O) have been given a consensus rating of “Hold” by the thirteen analysts that are covering the company, Marketbeat.com reports. Ten research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $62.21.

A number of equities research analysts have recently weighed in on the company. Barclays dropped their target price on Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Stifel Nicolaus dropped their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada reissued an “outperform” rating and set a $62.00 target price on shares of Realty Income in a report on Monday, January 27th. UBS Group dropped their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price for the company.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of O. Lee Danner & Bass Inc. bought a new position in Realty Income in the fourth quarter valued at about $28,000. Hopwood Financial Services Inc. bought a new position in Realty Income in the fourth quarter valued at about $29,000. Rosenberg Matthew Hamilton boosted its stake in shares of Realty Income by 75.4% during the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 211 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Realty Income during the fourth quarter worth about $32,000. Finally, Creative Capital Management Investments LLC increased its stake in shares of Realty Income by 133.3% in the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 300 shares during the period. Institutional investors own 70.81% of the company’s stock.

Realty Income Trading Up 1.1 %

Shares of Realty Income stock opened at $57.14 on Monday. The business has a fifty day simple moving average of $53.92 and a two-hundred day simple moving average of $58.05. Realty Income has a 1 year low of $50.65 and a 1 year high of $64.88. The company has a market capitalization of $50.01 billion, a price-to-earnings ratio of 54.41, a P/E/G ratio of 2.10 and a beta of 1.00. 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 Increases Dividend

The business also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a $0.268 dividend. This represents a yield of 5.7%. The ex-dividend date is Monday, March 3rd. This is an increase from Realty Income’s previous mar 25 dividend of $0.26. Realty Income’s payout ratio is 305.71%.

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.