Realty Income Co. (NYSE:O) Receives $60.96 Average PT from Brokerages

Shares of Realty Income Co. (NYSE:O) have earned a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $60.96.

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

Insider Buying and Selling

In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the sale, the director now owns 6,257 shares in the company, valued at $339,317.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Realty Income

Several hedge funds have recently bought and sold shares of O. Perigon Wealth Management LLC increased its stake in Realty Income by 10.4% in the 1st quarter. Perigon Wealth Management LLC now owns 14,883 shares of the real estate investment trust’s stock valued at $805,000 after buying an additional 1,397 shares during the period. Hutchens & Kramer Investment Management Group LLC boosted its stake in shares of Realty Income by 24.3% during the 1st quarter. Hutchens & Kramer Investment Management Group LLC now owns 4,548 shares of the real estate investment trust’s stock valued at $243,000 after buying an additional 888 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of Realty Income by 12.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 524,047 shares of the real estate investment trust’s stock valued at $28,351,000 after acquiring an additional 58,965 shares in the last quarter. Greenleaf Trust increased its stake in shares of Realty Income by 35.5% in the first quarter. Greenleaf Trust now owns 11,040 shares of the real estate investment trust’s stock worth $597,000 after acquiring an additional 2,892 shares during the last quarter. Finally, ETF Store Inc. purchased a new stake in shares of Realty Income during the 1st quarter worth about $215,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Performance

O opened at $54.31 on Tuesday. Realty Income has a twelve month low of $45.03 and a twelve month high of $64.18. The stock has a market cap of $46.77 billion, a PE ratio of 43.10, a price-to-earnings-growth ratio of 5.57 and a beta of 0.92. The business’s 50 day moving average is $52.69 and its 200-day moving average is $53.55. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64.

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

Realty Income Dividend Announcement

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