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

Realty Income Co. (NYSE:O - Get Free Report) has earned a consensus rating of "Hold" from the fourteen research firms that are currently covering the stock, MarketBeat.com reports. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $63.23.

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada lowered their price objective on shares of Realty Income from $67.00 to $63.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their target price 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. Stifel Nicolaus reduced their price objective on shares of Realty Income from $70.50 to $70.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a report on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price objective on the stock. Finally, Mizuho downgraded Realty Income from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $64.00 to $60.00 in a research note on Thursday, November 14th.

Institutional Investors Weigh In On Realty Income

A number of institutional investors have recently added to or reduced their stakes in O. Rosenberg Matthew Hamilton lifted its position in 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 buying an additional 211 shares in the last quarter. Creative Capital Management Investments LLC raised its stake in shares of Realty Income by 133.3% in the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 300 shares during the period. Headlands Technologies LLC acquired a new position in shares of Realty Income during the 2nd quarter valued at $42,000. Pacifica Partners Inc. boosted its position in Realty Income by 89.2% during the 3rd quarter. Pacifica Partners Inc. now owns 927 shares of the real estate investment trust's stock worth $59,000 after purchasing an additional 437 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in Realty Income by 313.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 947 shares of the real estate investment trust's stock valued at $60,000 after purchasing an additional 718 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Stock Performance

Shares of O stock traded down $0.41 during mid-day trading on Friday, hitting $52.66. 5,366,277 shares of the stock were exchanged, compared to its average volume of 5,611,902. The stock's fifty day simple moving average is $57.13 and its two-hundred day simple moving average is $58.40. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. Realty Income has a 12-month low of $50.65 and a 12-month high of $64.88. The stock has a market capitalization of $46.09 billion, a price-to-earnings ratio of 50.15, a P/E/G ratio of 2.05 and a beta of 0.98.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Realty Income's revenue was up 28.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.02 earnings per share. On average, analysts forecast that Realty Income will post 4.2 EPS for the current year.

Realty Income Increases Dividend

The business also recently declared a jan 25 dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.264 per share. The ex-dividend date is Thursday, January 2nd. This represents a yield of 5.7%. This is an increase from Realty Income's previous jan 25 dividend of $0.26. Realty Income's dividend payout ratio (DPR) is currently 300.95%.

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.