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

Shares of Realty Income Co. (NYSE:O) have received an average rating of “Hold” from the fifteen analysts that are covering the company, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $62.59.

A number of brokerages recently weighed in on O. Morgan Stanley reissued an “equal weight” rating and issued a $62.00 price target on shares of Realty Income in a report on Tuesday, August 6th. Royal Bank of Canada boosted their target price on shares of Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. upped their price objective on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. KeyCorp assumed coverage on Realty Income in a research report on Wednesday, June 12th. They issued a “sector weight” rating for the company. Finally, Robert W. Baird upped their price target on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th.

Insiders Place Their Bets

In related 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 filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction that occurred 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 directly owns 26,579 shares of the company’s stock, valued at $1,663,313.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction of $303,850.00. Following the sale, the director now owns 5,257 shares of the company’s stock, valued at $319,467.89. 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 institutional investors have recently added to or reduced their stakes in O. PNC Financial Services Group Inc. boosted its stake in Realty Income by 25.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 89,018 shares of the real estate investment trust’s stock worth $5,111,000 after buying an additional 17,806 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Realty Income by 11.2% in the 4th quarter. Assetmark Inc. now owns 43,231 shares of the real estate investment trust’s stock valued at $2,482,000 after purchasing an additional 4,368 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Realty Income by 0.3% during the 4th quarter. Franklin Resources Inc. now owns 804,167 shares of the real estate investment trust’s stock valued at $46,175,000 after purchasing an additional 2,365 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Realty Income by 158.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 691 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 424 shares during the period. Finally, Tidemark LLC bought a new stake in Realty Income in the fourth quarter worth $111,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Up 0.4 %

O opened at $62.55 on Friday. Realty Income has a fifty-two week low of $45.03 and a fifty-two week high of $63.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39. The company’s 50-day moving average is $60.53 and its 200 day moving average is $55.85. The firm has a market capitalization of $54.47 billion, a P/E ratio of 57.92, a PEG ratio of 4.65 and a beta of 0.99.

Realty Income (NYSE:O) last released its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.22 billion. Realty Income had a net margin of 17.89% and a return on equity of 3.27%. The business’s revenue was up 31.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.00 earnings per share. Research analysts expect that Realty Income will post 3.93 earnings per share for the current fiscal year.

Realty Income Increases Dividend

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

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.