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

Realty Income Co. (NYSE:O) has received a consensus rating of “Hold” from the thirteen analysts that are presently covering the firm, MarketBeat reports. Ten research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $62.21.

A number of equities analysts have recently commented on the stock. UBS Group cut their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 price objective on shares of Realty Income in a research note on Monday, January 27th. Mizuho dropped their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, Scotiabank dropped their price objective on Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th.

Realty Income Stock Performance

Realty Income stock opened at $54.53 on Monday. 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 stock has a market cap of $47.73 billion, a PE ratio of 51.93, a P/E/G ratio of 1.94 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 business’s 50-day moving average price is $53.90 and its two-hundred day moving average price is $58.17.

Realty Income Announces Dividend

The company also recently disclosed a feb 25 dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a dividend of $0.264 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a yield of 5.9%. Realty Income’s dividend payout ratio is presently 301.91%.

Hedge Funds Weigh In On Realty Income

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Realty Income by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust’s stock valued at $7,436,622,000 after purchasing an additional 555,908 shares during the last quarter. Parnassus Investments LLC grew its holdings in Realty Income by 7.4% in the 3rd quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock worth $1,550,506,000 after buying an additional 1,676,293 shares in the last quarter. Geode Capital Management LLC boosted its stake in Realty Income by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust’s stock valued at $1,253,584,000 after purchasing an additional 658,240 shares in the last quarter. Northern Trust Corp boosted its stake in Realty Income by 41.2% during the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust’s stock valued at $701,792,000 after purchasing an additional 3,834,403 shares in the last quarter. Finally, Norges Bank bought a new position in Realty Income during the 4th quarter valued at $624,666,000. 70.81% of the stock is currently 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.