Realty Income Co. (NYSE:O) Given Consensus Rating of "Hold" by Brokerages

Shares of Realty Income Co. (NYSE:O - Get Free Report) have earned an average recommendation of "Hold" from the fourteen brokerages that are presently covering the firm, MarketBeat.com reports. Ten research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $62.35.

Several brokerages have commented on O. Royal Bank of Canada dropped their price target on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Mizuho lifted their price target on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. Stifel Nicolaus dropped their price objective on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Barclays restated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Finally, BNP Paribas downgraded Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target for the company. in a report on Tuesday, February 25th.

Realty Income Price Performance

Shares of O traded down $0.23 during trading hours on Friday, reaching $56.94. 4,290,822 shares of the company traded hands, compared to its average volume of 5,204,418. The stock has a market capitalization of $50.78 billion, a PE ratio of 54.23, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78. The stock has a fifty day simple moving average of $56.58 and a 200 day simple moving average of $56.19. Realty Income has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm had revenue of $1.34 billion for 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%. As a group, research analysts predict that Realty Income will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

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

Institutional Trading of Realty Income

Institutional investors have recently added to or reduced their stakes in the business. Tcfg Wealth Management LLC increased its holdings in shares of Realty Income by 2.9% in the fourth quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust's stock valued at $357,000 after purchasing an additional 186 shares in the last quarter. Romano Brothers AND Company increased its stake in shares of Realty Income by 2.0% in the 4th quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust's stock valued at $544,000 after buying an additional 200 shares during the period. Bay Rivers Group lifted its stake in shares of Realty Income by 1.0% during the fourth quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust's stock valued at $1,103,000 after acquiring an additional 200 shares during the period. Smith Moore & CO. boosted its holdings in Realty Income by 4.8% in the fourth quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock valued at $237,000 after acquiring an additional 201 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in Realty Income by 11.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust's stock worth $115,000 after purchasing an additional 218 shares during the period. 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.