Realty Income Co. (NYSE:O) Receives Average Rating of “Hold” from Brokerages

Realty Income Co. (NYSE:O) has been given an average recommendation of “Hold” by the fourteen brokerages that are covering the firm, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $63.85.

A number of equities analysts have recently issued reports on O shares. UBS Group dropped their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $65.00 price objective (up previously from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. JPMorgan Chase & Co. raised their price objective on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Royal Bank of Canada dropped their price objective on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Finally, Mizuho downgraded Realty Income from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $64.00 to $60.00 in a research report on Thursday, November 14th.

Realty Income Stock Performance

NYSE O opened at $56.03 on Wednesday. The business’s 50 day moving average price is $60.12 and its 200-day moving average price is $58.23. Realty Income has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The company has a market cap of $49.04 billion, a P/E ratio of 53.36, a P/E/G ratio of 3.99 and a beta of 0.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O) last released 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). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the company posted $1.02 EPS. The business’s quarterly revenue was up 28.1% on a year-over-year basis. Sell-side analysts predict that Realty Income will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a $0.2635 dividend. The ex-dividend date is Monday, December 2nd. This is a boost from Realty Income’s previous monthly dividend of $0.24. This represents a $3.16 dividend on an annualized basis and a yield of 5.64%. Realty Income’s dividend payout ratio (DPR) is 300.96%.

Insider Transactions at Realty Income

In other news, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the transaction, the director now directly owns 26,579 shares in the company, valued at $1,663,313.82. This trade 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 through the SEC website. Company insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of O. Mather Group LLC. grew its holdings in 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 purchasing an additional 4,079 shares during the period. CWM LLC grew its holdings in Realty Income by 2.8% in the second quarter. CWM LLC now owns 76,072 shares of the real estate investment trust’s stock valued at $4,018,000 after purchasing an additional 2,037 shares during the period. Lantz Financial LLC acquired a new stake in shares of Realty Income in the second quarter worth approximately $234,000. Simplicity Wealth LLC boosted its stake in shares of Realty Income by 14.3% in the second quarter. Simplicity Wealth LLC now owns 25,859 shares of the real estate investment trust’s stock worth $1,366,000 after acquiring an additional 3,233 shares during the last quarter. Finally, Foresight Capital Management Advisors Inc. boosted its stake in shares of Realty Income by 10.9% in the second quarter. Foresight Capital Management Advisors Inc. now owns 17,259 shares of the real estate investment trust’s stock worth $912,000 after acquiring an additional 1,698 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other 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.