Realty Income (NYSE:O) Earns “Outperform” Rating from Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Realty Income (NYSE:O) in a research report released on Monday,Benzinga reports. Royal Bank of Canada currently has a $62.00 target price on the real estate investment trust’s stock.

Other research analysts also recently issued reports about the company. Barclays started coverage on Realty Income in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 price objective for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target for the company. Stifel Nicolaus decreased their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Mizuho cut their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, Scotiabank decreased their price target on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $62.04.

Realty Income Stock Up 3.1 %

O opened at $56.03 on Monday. Realty Income has a one year low of $50.65 and a one year high of $64.88. The company has a market cap of $49.03 billion, a price-to-earnings ratio of 53.36, a PEG ratio of 1.93 and a beta of 1.00. The business’s fifty day moving average is $54.68 and its two-hundred day moving average is $58.46. 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 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). The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Realty Income’s quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.02 earnings per share. Analysts anticipate that Realty Income will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The business also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a $0.264 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is presently 301.91%.

Institutional Investors Weigh In On Realty Income

A number of institutional investors have recently added to or reduced their stakes in O. Consolidated Portfolio Review Corp increased its position in shares of Realty Income by 439.2% in the fourth quarter. Consolidated Portfolio Review Corp now owns 68,151 shares of the real estate investment trust’s stock worth $3,640,000 after acquiring an additional 55,511 shares in the last quarter. Telos Capital Management Inc. boosted its position in Realty Income by 5.1% during the 4th quarter. Telos Capital Management Inc. now owns 98,840 shares of the real estate investment trust’s stock worth $5,279,000 after purchasing an additional 4,836 shares during the period. Silver Oak Securities Incorporated acquired a new stake in Realty Income in the 4th quarter valued at $695,000. Tectonic Advisors LLC raised its position in Realty Income by 17.6% in the fourth quarter. Tectonic Advisors LLC now owns 128,310 shares of the real estate investment trust’s stock valued at $6,853,000 after purchasing an additional 19,219 shares during the period. Finally, Money Concepts Capital Corp lifted its stake in shares of Realty Income by 6.0% during the fourth quarter. Money Concepts Capital Corp now owns 14,733 shares of the real estate investment trust’s stock worth $787,000 after purchasing an additional 840 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.