Realty Income Co. (NYSE:O) Given Consensus Rating of "Hold" by Analysts

Realty Income Co. (NYSE:O - Get Free Report) has been assigned a consensus rating of "Hold" from the thirteen ratings firms that are covering the stock, Marketbeat reports. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $62.21.

Several equities analysts have weighed in on the company. Royal Bank of Canada reissued an "outperform" rating and set a $62.00 price target on shares of Realty Income in a research report on Monday, January 27th. 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. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a research report on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price objective for the company. Barclays lowered their price objective on Realty Income from $59.00 to $56.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. Finally, Mizuho lowered their price objective on Realty Income from $60.00 to $54.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Realty Income by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust's stock worth $7,436,622,000 after acquiring an additional 555,908 shares in the last quarter. Parnassus Investments LLC lifted its stake in shares of Realty Income by 7.4% in the third quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust's stock worth $1,550,506,000 after acquiring an additional 1,676,293 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Realty Income by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock worth $1,253,584,000 after acquiring an additional 658,240 shares in the last quarter. Northern Trust Corp raised its stake in Realty Income by 41.2% during the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock valued at $701,792,000 after buying an additional 3,834,403 shares in the last quarter. Finally, Norges Bank acquired a new stake in Realty Income during the fourth quarter valued at approximately $624,666,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Price Performance

Realty Income stock traded up $0.24 during mid-day trading on Monday, hitting $56.76. 3,470,041 shares of the company were exchanged, compared to its average volume of 4,577,952. 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 business's 50 day simple moving average is $53.88 and its two-hundred day simple moving average is $58.09. The company has a market capitalization of $49.68 billion, a P/E ratio of 54.06, a PEG ratio of 2.06 and a beta of 1.00. Realty Income has a 12-month low of $50.65 and a 12-month high of $64.88.

Realty Income Increases Dividend

The firm also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a $0.268 dividend. This is a boost from Realty Income's previous mar 25 dividend of $0.26. The ex-dividend date is Monday, March 3rd. This represents a dividend yield of 5.7%. Realty Income's payout ratio is 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.