Realty Income Co. (NYSE:O) Receives $63.23 Average Target Price from Brokerages

Shares of Realty Income Co. (NYSE:O) have been assigned an average rating of “Hold” from the fourteen ratings firms that are covering the firm, Marketbeat Ratings reports. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $63.23.

A number of equities analysts recently issued reports on the company. Wells Fargo & Company reissued an “equal weight” rating and set a $65.00 price target (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target for the company. Stifel Nicolaus dropped their price objective on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Scotiabank raised their target price on shares of Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 17th. Finally, UBS Group dropped their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th.

Realty Income Stock Up 1.3 %

Shares of O opened at $53.41 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $46.75 billion, a PE ratio of 50.87, a P/E/G ratio of 2.05 and a beta of 0.98. The company’s 50-day simple moving average is $56.70 and its 200-day simple moving average is $58.39. Realty Income has a 1 year low of $50.65 and a 1 year high of $64.88.

Realty Income (NYSE:O) last issued its quarterly 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 firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the firm earned $1.02 EPS. The firm’s revenue was up 28.1% compared to the same quarter last year. Analysts forecast that Realty Income will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business 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 $0.264 dividend. This is an increase from Realty Income’s previous jan 25 dividend of $0.26. This represents a yield of 5.7%. The ex-dividend date of this dividend is Thursday, January 2nd. Realty Income’s dividend payout ratio is currently 300.95%.

Hedge Funds Weigh In On Realty Income

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. ZWJ Investment Counsel Inc. increased its holdings in Realty Income by 0.6% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust’s stock worth $1,857,000 after purchasing an additional 164 shares during the last quarter. Whittier Trust Co. increased its stake in shares of Realty Income by 4.5% in the third quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust’s stock worth $245,000 after buying an additional 166 shares during the last quarter. Greenleaf Trust raised its holdings in Realty Income by 1.0% in the third quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust’s stock valued at $1,072,000 after acquiring an additional 170 shares in the last quarter. Grove Bank & Trust boosted its stake in Realty Income by 14.3% during the 3rd quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 176 shares during the last quarter. Finally, Buckley Wealth Management LLC grew its holdings in Realty Income by 1.9% during the 3rd quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust’s stock worth $599,000 after acquiring an additional 176 shares in the last quarter. Hedge funds and other 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.