Realty Income Corporation (NYSE:O) Receives Average Rating of “Hold” from Analysts

Realty Income Corporation (NYSE:O) has received an average recommendation of “Hold” from the fourteen research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $62.00.

A number of equities research analysts have recently issued reports on the stock. Scotiabank upped their target price on shares of Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. JPMorgan Chase & Co. restated an “underweight” rating and set a $61.00 price target on shares of Realty Income in a research report on Thursday. Barclays increased their price objective on shares of Realty Income from $63.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, December 3rd. Wells Fargo & Company raised their target price on Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Finally, Royal Bank Of Canada raised their target price on Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th.

Realty Income Price Performance

NYSE:O opened at $56.77 on Friday. The firm has a market cap of $52.22 billion, a P/E ratio of 52.56, a price-to-earnings-growth ratio of 3.62 and a beta of 0.80. The stock has a 50 day moving average of $57.84 and a two-hundred day moving average of $58.03. Realty Income has a 12 month low of $50.71 and a 12 month high of $61.08. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the company posted $1.05 earnings per share. The business’s revenue was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, analysts expect that Realty Income will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.27 per share. This is a boost from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is currently 299.07%.

Insider Transactions at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the sale, the director directly owned 19,211 shares in the company, valued at approximately $1,160,920.73. This represents a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Realty Income

Several institutional investors have recently added to or reduced their stakes in O. Brighton Jones LLC increased its holdings in shares of Realty Income by 11.2% in the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock valued at $326,000 after acquiring an additional 615 shares during the period. Bison Wealth LLC acquired a new stake in shares of Realty Income in the 4th quarter valued at approximately $571,000. Vestmark Advisory Solutions Inc. boosted its stake in shares of Realty Income by 50.2% in the first quarter. Vestmark Advisory Solutions Inc. now owns 29,016 shares of the real estate investment trust’s stock valued at $1,683,000 after buying an additional 9,702 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its stake in shares of Realty Income by 10.9% in the first quarter. Kovitz Investment Group Partners LLC now owns 86,668 shares of the real estate investment trust’s stock valued at $5,028,000 after buying an additional 8,550 shares in the last quarter. Finally, Horizon Investments LLC grew its holdings in Realty Income by 5.4% during the first quarter. Horizon Investments LLC now owns 13,139 shares of the real estate investment trust’s stock worth $755,000 after acquiring an additional 676 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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.