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

Shares of Realty Income Co. (NYSE:O) have earned a consensus recommendation of “Hold” from the twelve research firms that are currently covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $60.96.

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada lifted their price target on Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, January 11th. Mizuho cut their price target on Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Stifel Nicolaus cut their price target on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Finally, BMO Capital Markets started coverage on Realty Income in a report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price target on the stock.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the transaction, the director now owns 6,257 shares of the company’s stock, valued at $339,317.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of O. American National Bank purchased a new position in Realty Income during the 4th quarter worth approximately $25,000. Vima LLC purchased a new position in Realty Income during the 4th quarter worth approximately $25,000. Manchester Capital Management LLC grew its position in Realty Income by 423.0% during the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 423 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in Realty Income during the 1st quarter worth approximately $27,000. Finally, Baystate Wealth Management LLC grew its position in Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 190 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of O stock opened at $53.34 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64. The business has a 50 day moving average of $52.51 and a two-hundred day moving average of $53.43. Realty Income has a 52 week low of $45.03 and a 52 week high of $64.18. The company has a market cap of $45.93 billion, a P/E ratio of 42.33, a PEG ratio of 5.50 and a beta of 0.92.

Realty Income (NYSE:O) last released its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The business’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period last year, the firm posted $1.00 EPS. As a group, analysts anticipate that Realty Income will post 4.16 EPS for the current year.

Realty Income Announces Dividend

The business also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.257 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio is currently 244.45%.

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.