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

Realty Income Co. (NYSE:O) has been assigned a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the company, Marketbeat.com reports. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $62.59.

Several analysts have issued reports on the company. KeyCorp started coverage on Realty Income in a research note on Wednesday, June 12th. They issued a “sector weight” rating on the stock. JPMorgan Chase & Co. boosted their target price on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Wedbush assumed coverage on shares of Realty Income in a research note on Monday, August 19th. They set a “neutral” rating and a $64.00 price target for the company. UBS Group boosted their price objective on shares of Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, Robert W. Baird raised their target price on shares of Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th.

Realty Income Price Performance

Shares of O opened at $62.46 on Friday. The stock has a 50 day simple moving average of $60.63 and a 200 day simple moving average of $55.90. Realty Income has a 52-week low of $45.03 and a 52-week high of $63.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market capitalization of $54.39 billion, a PE ratio of 57.83, a P/E/G ratio of 4.34 and a beta of 0.99.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a net margin of 17.89% and a return on equity of 3.27%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the company earned $1.00 EPS. The firm’s quarterly revenue was up 31.4% compared to the same quarter last year. Sell-side analysts predict that Realty Income will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a oct 24 dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be issued a $0.2635 dividend. This is a boost from Realty Income’s previous oct 24 dividend of $0.26. This represents a yield of 5%. The ex-dividend date of this dividend is Tuesday, October 1st. Realty Income’s dividend payout ratio is currently 292.59%.

Insider Transactions at Realty Income

In other news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the sale, the director now owns 26,579 shares of the company’s stock, valued at $1,663,313.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the transaction, the director now owns 5,257 shares in the company, valued at approximately $319,467.89. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the sale, the director now owns 26,579 shares of the company’s stock, valued at $1,663,313.82. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Realty Income by 18.3% during the first quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock worth $7,290,982,000 after purchasing an additional 20,848,560 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of Realty Income by 213.3% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,171,853 shares of the real estate investment trust’s stock worth $124,708,000 after buying an additional 1,478,577 shares in the last quarter. Raymond James & Associates lifted its position in shares of Realty Income by 76.6% during the 2nd quarter. Raymond James & Associates now owns 3,366,982 shares of the real estate investment trust’s stock worth $177,844,000 after buying an additional 1,460,884 shares during the last quarter. GRS Advisors LLC acquired a new stake in Realty Income in the fourth quarter valued at about $58,843,000. Finally, Canada Pension Plan Investment Board grew its position in Realty Income by 63.2% in the second quarter. Canada Pension Plan Investment Board now owns 2,610,483 shares of the real estate investment trust’s stock valued at $137,886,000 after acquiring an additional 1,010,876 shares during the last quarter. Institutional investors and hedge funds 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.