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

Realty Income Co. (NYSE:O) has earned an average recommendation of “Hold” from the fourteen brokerages that are presently covering the company, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $63.85.

Several brokerages have recently weighed in on O. Royal Bank of Canada decreased their price target on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Wedbush began coverage on shares of Realty Income in a research report on Monday, August 19th. They issued a “neutral” rating and a $64.00 price objective on the stock. Stifel Nicolaus decreased their price objective on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Mizuho cut shares of Realty Income from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $64.00 to $60.00 in a research report on Thursday, November 14th. Finally, UBS Group decreased their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th.

Realty Income Price Performance

Shares of NYSE:O opened at $56.03 on Wednesday. The company’s 50-day moving average is $60.12 and its 200 day moving average is $58.23. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market capitalization of $49.04 billion, a P/E ratio of 53.36, a price-to-earnings-growth ratio of 3.99 and a beta of 0.98. Realty Income has a fifty-two week low of $50.65 and a fifty-two week high of $64.88.

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 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%. Realty Income’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period last year, the company earned $1.02 earnings per share. On average, equities research analysts forecast that Realty Income will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be issued a $0.2635 dividend. This is an increase from Realty Income’s previous monthly dividend of $0.24. The ex-dividend date is Monday, December 2nd. This represents a $3.16 dividend on an annualized basis and a yield of 5.64%. Realty Income’s dividend payout ratio is 300.96%.

Insider Activity

In related news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the sale, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. This trade represents a 6.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Pacifica Partners Inc. lifted its position in shares of Realty Income by 444.4% during the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 400 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position in shares of Realty Income by 75.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 211 shares in the last quarter. MFA Wealth Advisors LLC purchased a new position in shares of Realty Income during the 2nd quarter valued at about $33,000. Creative Capital Management Investments LLC lifted its position in shares of Realty Income by 133.3% during the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 300 shares in the last quarter. Finally, 1620 Investment Advisors Inc. bought a new stake in Realty Income during the 2nd quarter valued at approximately $42,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

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.