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

Realty Income Co. (NYSE:O) has been assigned an average recommendation of “Hold” from the fourteen research firms that are presently covering the company, Marketbeat.com reports. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $63.23.

A number of analysts recently issued reports on O shares. Barclays began 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. Stifel Nicolaus reduced their price target on Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Wells Fargo & Company restated an “equal weight” rating and issued a $65.00 price objective (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. UBS Group reduced their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Finally, Royal Bank of Canada dropped their price target on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th.

Realty Income Stock Performance

Shares of Realty Income stock opened at $53.28 on Friday. The stock has a market cap of $46.63 billion, a PE ratio of 50.74, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00. Realty Income has a 12 month low of $50.65 and a 12 month high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The business has a fifty day simple moving average of $56.11 and a 200-day simple moving average of $58.32.

Realty Income (NYSE:O) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company’s revenue was up 28.1% compared to the same quarter last year. During the same period last year, the firm earned $1.02 EPS. On average, sell-side analysts anticipate that Realty Income will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a jan 25 dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a $0.264 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This is a positive change from Realty Income’s previous jan 25 dividend of $0.26. This represents a yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is presently 300.95%.

Institutional Investors Weigh In On Realty Income

Several hedge funds and other institutional investors have recently made changes to their positions in O. Parnassus Investments LLC grew its stake in shares of Realty Income by 7.4% in the third quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock worth $1,550,506,000 after acquiring an additional 1,676,293 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Realty Income by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust’s stock valued at $1,445,036,000 after purchasing an additional 242,786 shares during the period. Legal & General Group Plc grew its position in Realty Income by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 12,258,468 shares of the real estate investment trust’s stock worth $647,492,000 after purchasing an additional 531,008 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Realty Income by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,682,105 shares of the real estate investment trust’s stock worth $617,043,000 after purchasing an additional 413,865 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Realty Income by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock valued at $617,028,000 after buying an additional 463,286 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

About Realty Income

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.