Analysts Set Realty Income Co. (NYSE:O) Price Target at $60.96

Shares of Realty Income Co. (NYSE:O - Get Free Report) have been given a consensus rating of "Hold" by the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $60.96.

O has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Realty Income from a "sell" rating to a "hold" rating in a research report on Thursday, February 8th. Stifel Nicolaus reduced their price target on shares of Realty Income from $67.75 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, February 21st. BMO Capital Markets began coverage on shares of Realty Income in a research report on Tuesday, February 13th. They issued a "market perform" rating and a $57.00 target price for the company. Royal Bank of Canada upped their target price on shares of Realty Income from $58.00 to $60.00 and gave the stock an "outperform" rating in a research report on Thursday, January 11th. Finally, Mizuho cut their target price on shares of Realty Income from $60.00 to $56.00 and set a "buy" rating for the company in a research report on Thursday, March 7th.

Insiders Place Their Bets

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the company's stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the sale, the director now owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.10% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American National Bank purchased a new position in shares of Realty Income during the fourth quarter valued at $25,000. Vima LLC purchased a new stake in shares of Realty Income in the fourth quarter valued at approximately $25,000. Baystate Wealth Management LLC increased its position in shares of Realty Income by 62.7% in the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 190 shares in the last quarter. WASHINGTON TRUST Co boosted its stake in shares of Realty Income by 65.7% in the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 197 shares during the last quarter. Finally, CVA Family Office LLC acquired a new position in Realty Income during the fourth quarter worth $29,000. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Performance

Shares of Realty Income stock traded up $0.08 during mid-day trading on Tuesday, hitting $53.41. 6,648,145 shares of the stock were exchanged, compared to its average volume of 6,867,810. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $45.99 billion, a P/E ratio of 42.39, a P/E/G ratio of 5.50 and a beta of 0.92. The company has a 50-day simple moving average of $52.54 and a 200 day simple moving average of $53.45. Realty Income has a 12 month low of $45.03 and a 12 month high of $64.18.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $1.02 by ($0.72). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The company's revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period last year, the firm posted $1.00 EPS. Sell-side analysts anticipate that Realty Income will post 4.16 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.257 dividend. This represents a yield of 5.9%. The ex-dividend date is Tuesday, April 30th. Realty Income's dividend payout ratio (DPR) is presently 244.45%.

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.