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

Realty Income Co. (NYSE:O) has earned an average rating of “Hold” from the fourteen research firms that are currently covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $63.94.

Several equities analysts have issued reports on the company. Scotiabank boosted their price target on Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 17th. Robert W. Baird boosted 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. Royal Bank of Canada raised their price target on shares of Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. upped their price objective on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Finally, Wedbush started coverage on Realty Income in a research note on Monday, August 19th. They issued a “neutral” rating and a $64.00 target price for the company.

Realty Income Trading Down 1.4 %

NYSE:O opened at $63.79 on Tuesday. Realty Income has a 52 week low of $45.03 and a 52 week high of $64.88. The firm’s fifty day moving average is $62.10 and its 200-day moving average is $57.19. The firm has a market cap of $55.55 billion, a P/E ratio of 59.06, a P/E/G ratio of 4.32 and a beta of 0.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. Realty Income had a return on equity of 2.36% and a net margin of 17.89%. The business’s revenue was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.00 earnings per share. Equities analysts expect that Realty Income will post 4.2 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently declared a nov 24 dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $0.2635 dividend. This represents a yield of 5.1%. The ex-dividend date is Friday, November 1st. Realty Income’s payout ratio is currently 292.59%.

Insider Buying and Selling at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the transaction, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the transaction, the director now directly owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Symphony Financial Ltd. Co. raised its stake in shares of Realty Income by 0.6% in the third quarter. Symphony Financial Ltd. Co. now owns 42,195 shares of the real estate investment trust’s stock valued at $2,647,000 after buying an additional 251 shares during the period. Signaturefd LLC grew its stake in shares of Realty Income by 6.7% during the 3rd quarter. Signaturefd LLC now owns 26,578 shares of the real estate investment trust’s stock worth $1,686,000 after acquiring an additional 1,673 shares during the period. Mattern Wealth Management LLC purchased a new stake in Realty Income in the 3rd quarter worth about $248,000. Foundations Investment Advisors LLC raised its stake in Realty Income by 25.0% in the 3rd quarter. Foundations Investment Advisors LLC now owns 8,920 shares of the real estate investment trust’s stock valued at $566,000 after acquiring an additional 1,785 shares during the period. Finally, Venture Visionary Partners LLC lifted its holdings in Realty Income by 0.7% during the third quarter. Venture Visionary Partners LLC now owns 129,855 shares of the real estate investment trust’s stock valued at $8,235,000 after purchasing an additional 909 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

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.