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

Realty Income Co. (NYSE:O) has been given an average recommendation of “Hold” by the fourteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating and six 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.

A number of research analysts recently weighed in on O shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $62.00 price target on shares of Realty Income in a research note on Tuesday, August 6th. UBS Group lifted their price target on shares of Realty Income from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Stifel Nicolaus lowered their price objective on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Wedbush began coverage on shares of Realty Income in a research note on Monday, August 19th. They issued a “neutral” rating and a $64.00 price objective on the stock. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $65.00 target price (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st.

Insider Activity at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the sale, the director now directly owns 5,257 shares in the company, valued at $319,467.89. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value of $107,136.96. Following the sale, the director now directly owns 26,579 shares in the company, valued at $1,663,313.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction 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 transaction, the director now owns 5,257 shares of the company’s stock, valued at $319,467.89. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Realty Income

Several institutional investors have recently added to or reduced their stakes in the business. Code Waechter LLC purchased a new position in shares of Realty Income in the third quarter valued at $1,308,000. Principal Financial Group Inc. boosted its stake in Realty Income by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock worth $138,937,000 after purchasing an additional 74,185 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Realty Income by 17.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,131,375 shares of the real estate investment trust’s stock valued at $61,208,000 after buying an additional 171,166 shares in the last quarter. Raymond James & Associates increased its position in shares of Realty Income by 92.4% during the third quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust’s stock valued at $410,932,000 after buying an additional 3,112,560 shares during the period. Finally, abrdn plc lifted its holdings in shares of Realty Income by 15.4% in the third quarter. abrdn plc now owns 1,282,800 shares of the real estate investment trust’s stock worth $81,079,000 after buying an additional 171,236 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Down 0.2 %

Realty Income stock opened at $56.91 on Friday. The company has a market capitalization of $49.81 billion, a PE ratio of 54.51, a PEG ratio of 4.01 and a beta of 0.99. Realty Income has a 12-month low of $50.65 and a 12-month high of $64.88. The firm’s fifty day moving average is $61.67 and its 200 day moving average is $57.98. 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 posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same period last year, the firm posted $1.02 earnings per share. As a group, sell-side analysts predict that Realty Income will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be issued a $0.2635 dividend. The ex-dividend date is Monday, December 2nd. This is a positive change from Realty Income’s previous monthly dividend of $0.24. This represents a $3.16 annualized dividend and a dividend yield of 5.56%. Realty Income’s dividend payout ratio is currently 300.96%.

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.