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

Realty Income Co. (NYSE:O) has been given an average rating of “Hold” by the fourteen ratings firms that are covering the firm, MarketBeat reports. Eleven research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $63.23.

A number of equities research analysts recently issued reports on O shares. 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. JPMorgan Chase & Co. upped their price target on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Wells Fargo & Company reiterated an “equal weight” rating and issued a $65.00 price objective (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Mizuho downgraded Realty Income from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $64.00 to $60.00 in a research report on Thursday, November 14th. Finally, UBS Group dropped their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th.

Realty Income Price Performance

Shares of O opened at $52.66 on Friday. The company has a market capitalization of $46.09 billion, a P/E ratio of 50.15, a P/E/G ratio of 2.05 and a beta of 0.98. The business’s 50-day moving average is $57.13 and its two-hundred day moving average is $58.36. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. 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). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the company posted $1.02 EPS. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. Research analysts predict that Realty Income will post 4.2 earnings per share for the current year.

Realty Income Increases Dividend

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

Institutional Trading of Realty Income

A number of large investors have recently modified their holdings of O. ZWJ Investment Counsel Inc. increased its stake in shares of Realty Income by 0.6% during the third quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust’s stock worth $1,857,000 after buying an additional 164 shares during the period. Whittier Trust Co. increased its position in shares of Realty Income by 4.5% in the 3rd quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust’s stock valued at $245,000 after purchasing an additional 166 shares during the last quarter. Greenleaf Trust raised its holdings in shares of Realty Income by 1.0% in the 3rd quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust’s stock valued at $1,072,000 after purchasing an additional 170 shares in the last quarter. Grove Bank & Trust raised its holdings in shares of Realty Income by 14.3% in the 3rd quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 176 shares in the last quarter. Finally, Buckley Wealth Management LLC lifted its position in shares of Realty Income by 1.9% during the 3rd quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust’s stock worth $599,000 after purchasing an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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.