Realty Income Co. (NYSE:O) Receives $62.12 Consensus Target Price from Analysts

Realty Income Co. (NYSE:O) has been assigned an average recommendation of “Hold” from the fourteen research firms that are currently covering the company, Marketbeat reports. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $62.12.

Several equities analysts have commented on O shares. UBS Group decreased their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Mizuho lowered their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Scotiabank reduced their price target on Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Stifel Nicolaus lowered their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada reduced their target price on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th.

Institutional Trading of Realty Income

A number of large investors have recently made changes to their positions in O. Rosenberg Matthew Hamilton increased its stake in Realty Income by 75.4% in the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 211 shares during the period. Creative Capital Management Investments LLC grew its holdings in shares of Realty Income by 133.3% during the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 300 shares during the last quarter. Luken Investment Analytics LLC acquired a new position in Realty Income in the 4th quarter valued at about $40,000. ST Germain D J Co. Inc. raised its stake in Realty Income by 306.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 567 shares during the last quarter. Finally, Independence Bank of Kentucky lifted its position in Realty Income by 54.5% during the 4th quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 300 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Price Performance

O opened at $54.35 on Thursday. The stock’s 50-day moving average price is $54.68 and its 200 day moving average price is $58.39. Realty Income has a 12-month low of $50.65 and a 12-month high of $64.88. The firm has a market cap of $47.57 billion, a price-to-earnings ratio of 51.77, a PEG ratio of 1.93 and a beta of 1.00. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (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 analyst estimates of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.02 EPS. As a group, sell-side analysts expect that Realty Income will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a $0.264 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is presently 301.91%.

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.