Realty Income Co. (NYSE:O) Receives $62.42 Average PT from Brokerages

Shares of Realty Income Co. (NYSE:O - Get Free Report) have earned a consensus rating of "Hold" from the fourteen analysts that are currently covering the stock, Marketbeat.com reports. Eleven analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $62.42.

A number of research analysts have commented on the company. Royal Bank of Canada lowered their price target on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Scotiabank decreased their target price on Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Stifel Nicolaus cut their price target on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Mizuho upped their price objective on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Finally, BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price on the stock. in a research note on Tuesday, February 25th.

Institutional Trading of Realty Income

A number of hedge funds have recently made changes to their positions in O. Raymond James Financial Inc. bought a new stake in Realty Income during the 4th quarter valued at about $553,572,000. Trust Co. of Vermont grew its holdings in shares of Realty Income by 12.7% during the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust's stock valued at $13,540,000 after buying an additional 28,480 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Realty Income by 27.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock valued at $40,656,000 after acquiring an additional 166,178 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in Realty Income by 6.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust's stock worth $93,850,000 after acquiring an additional 101,184 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Realty Income by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust's stock valued at $138,937,000 after acquiring an additional 74,185 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Realty Income Trading Up 1.8 %

Shares of NYSE O traded up $0.99 during mid-day trading on Tuesday, hitting $55.14. The stock had a trading volume of 6,513,906 shares, compared to its average volume of 5,298,176. The business has a 50 day moving average price of $55.87 and a two-hundred day moving average price of $56.70. Realty Income has a 1 year low of $50.65 and a 1 year high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market cap of $49.17 billion, a P/E ratio of 52.51, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. On average, equities analysts anticipate that Realty Income will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently announced a may 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.2685 per share. This represents a dividend yield of 6%. The ex-dividend date is Thursday, May 1st. Realty Income's dividend payout ratio is 328.57%.

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.