Realty Income Corporation (NYSE:O) Given Average Rating of "Hold" by Analysts

Realty Income Corporation (NYSE:O - Get Free Report) has been assigned a consensus rating of "Hold" from the thirteen analysts that are presently covering the stock, MarketBeat reports. Nine analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $61.15.

Several analysts have weighed in on the company. JPMorgan Chase & Co. cut their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Stifel Nicolaus lifted their price objective on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Mizuho increased their target price 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. Wedbush reissued a "neutral" rating and set a $61.00 target price on shares of Realty Income in a research note on Wednesday, May 7th. Finally, Barclays reaffirmed an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd.

Realty Income Trading Down 0.6%

NYSE O opened at $57.24 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.74 and a current ratio of 1.74. Realty Income has a one year low of $50.71 and a one year high of $64.88. The company has a 50-day simple moving average of $56.74 and a 200-day simple moving average of $55.58. The firm has a market capitalization of $51.70 billion, a PE ratio of 52.04, a price-to-earnings-growth ratio of 4.00 and a beta of 0.76.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The business's revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS. On average, equities analysts forecast that Realty Income will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently announced a jul 25 dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be issued a dividend of $0.269 per share. This represents a dividend yield of 5.6%. This is an increase from Realty Income's previous jul 25 dividend of $0.27. The ex-dividend date is Tuesday, July 1st. Realty Income's dividend payout ratio is currently 292.73%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Keystone Global Partners LLC acquired a new position in Realty Income during the first quarter valued at $26,000. Lee Danner & Bass Inc. purchased a new position in Realty Income during the 4th quarter valued at about $28,000. Hopwood Financial Services Inc. acquired a new position in shares of Realty Income in the 4th quarter valued at about $29,000. PSI Advisors LLC lifted its position in shares of Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 252 shares in the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in shares of Realty Income during the fourth quarter worth approximately $34,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

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.

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