Realty Income Co. (NYSE:O) Receives Average Rating of "Hold" from Brokerages

Shares of Realty Income Co. (NYSE:O - Get Free Report) have received a consensus rating of "Hold" from the fourteen brokerages that are covering the company, MarketBeat.com reports. Ten research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $61.15.

Several equities analysts recently issued reports on the company. Scotiabank raised their price target on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Barclays restated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their price target on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Mizuho upped their target price on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Finally, Wedbush reaffirmed a "neutral" rating and issued a $61.00 price target on shares of Realty Income in a research note on Wednesday, May 7th.

Realty Income Stock Performance

Shares of NYSE O traded up $0.49 during midday trading on Wednesday, hitting $56.34. The company's stock had a trading volume of 4,849,787 shares, compared to its average volume of 5,195,947. The stock has a fifty day moving average price of $56.19 and a 200 day moving average price of $55.61. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income has a one year low of $50.71 and a one year high of $64.88. The firm has a market capitalization of $50.88 billion, a price-to-earnings ratio of 53.66, a P/E/G ratio of 2.10 and a beta of 0.78.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, meeting analysts' consensus estimates of $1.06. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company's quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS. On average, research analysts forecast that Realty Income will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The business also recently disclosed a jun 25 dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be given a dividend of $0.2685 per share. The ex-dividend date is Monday, June 2nd. This represents a yield of 5.8%. Realty Income's dividend payout ratio (DPR) is 292.73%.

Hedge Funds Weigh In On Realty Income

Institutional investors and hedge funds have recently made changes to their positions in the business. Keystone Global Partners LLC purchased a new position in shares of Realty Income during the 1st quarter valued at about $26,000. Lee Danner & Bass Inc. bought a new stake in Realty Income during the fourth quarter worth approximately $28,000. Hopwood Financial Services Inc. purchased a new position in Realty Income during the fourth quarter worth $29,000. PSI Advisors LLC increased its stake in shares of Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 252 shares during the period. Finally, Sierra Ocean LLC purchased a new position in Realty Income during the 4th quarter valued at about $32,000. 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.