Realty Income (NYSE:O) Now Covered by Barclays

Barclays started coverage on shares of Realty Income (NYSE:O) in a report issued on Tuesday morning, Marketbeat reports. The brokerage issued an equal weight rating and a $59.00 target price on the real estate investment trust’s stock.

A number of other brokerages also recently weighed in on O. Royal Bank of Canada cut their price target on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Scotiabank increased their target price on shares of Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 17th. Wedbush assumed coverage on shares of Realty Income in a research report on Monday, August 19th. They issued a “neutral” rating and a $64.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Finally, Mizuho cut Realty Income from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $64.00 to $60.00 in a report on Thursday, November 14th. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and an average target price of $63.23.

Realty Income Stock Performance

Shares of O opened at $54.52 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a 50-day moving average of $58.75 and a 200-day moving average of $58.43. The company has a market cap of $47.72 billion, a PE ratio of 51.92, a price-to-earnings-growth ratio of 2.05 and a beta of 0.98. Realty Income has a one year low of $50.65 and a one year 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 analysts’ consensus estimates of $1.05 by ($0.75). The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period last year, the firm earned $1.02 earnings per share. As a group, equities analysts forecast 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 boost 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 is 300.96%.

Hedge Funds Weigh In On Realty Income

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rosenberg Matthew Hamilton raised its stake in shares of Realty Income by 75.4% during the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 211 shares during the last quarter. Creative Capital Management Investments LLC lifted its stake in Realty Income by 133.3% in the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 300 shares during the period. 1620 Investment Advisors Inc. bought a new stake in Realty Income in the second quarter valued at $42,000. Headlands Technologies LLC bought a new stake in Realty Income in the second quarter valued at $42,000. Finally, Pacifica Partners Inc. boosted its stake in shares of Realty Income by 89.2% during the 3rd quarter. Pacifica Partners Inc. now owns 927 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 437 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

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.