Analysts Set Realty Income Co. (NYSE:O) PT at $61.38

Shares of Realty Income Co. (NYSE:O) have earned a consensus rating of “Hold” from the twelve analysts that are presently covering the firm, Marketbeat Ratings 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 target among analysts that have issued ratings on the stock in the last year is $61.38.

O has been the subject of a number of recent analyst reports. Mizuho increased their price objective on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Stifel Nicolaus cut their price objective on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Scotiabank boosted their price target on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. Finally, BMO Capital Markets began coverage on shares of Realty Income in a report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price objective for the company.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Realty Income

Several hedge funds have recently modified their holdings of O. American National Bank acquired a new position in Realty Income in the 4th quarter valued at approximately $25,000. Vima LLC acquired a new position in shares of Realty Income in the fourth quarter valued at $25,000. Manchester Capital Management LLC lifted its position in Realty Income by 423.0% in the third 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 during the period. WASHINGTON TRUST Co boosted its stake in Realty Income by 65.7% during the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 197 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new stake in Realty Income in the 1st quarter valued at $27,000. 70.81% of the stock is owned by institutional investors.

Realty Income Price Performance

O opened at $53.69 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. Realty Income has a 1-year low of $45.03 and a 1-year high of $64.18. The company has a 50-day moving average of $53.47 and a 200-day moving average of $54.16. The company has a market capitalization of $46.75 billion, a P/E ratio of 49.71, a PEG ratio of 5.36 and a beta of 0.92.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 EPS. Equities analysts expect that Realty Income will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a jun 24 dividend, which will be paid on Friday, June 14th. Investors of record on Monday, June 3rd will be issued a dividend of $0.2625 per share. This represents a dividend yield of 5.7%. This is a positive change from Realty Income’s previous jun 24 dividend of $0.26. The ex-dividend date is Monday, June 3rd. Realty Income’s dividend payout ratio (DPR) is currently 285.19%.

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.