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

Key Points

• Analysts rate Realty Income “Moderate Buy.” Among 17 analysts, eight recommend buying, one strongly recommends buying, seven advise holding, and one recommends selling; the average 12-month price target is $67.42.
• Realty Income’s latest quarter met earnings expectations at $1.09 per share, while revenue rose 9.7% year over year to $1.55 billion, exceeding estimates of $1.40 billion.
• The REIT declared a monthly dividend of $0.271 per share, representing an annualized yield of about 5.1%; institutional investors own 70.81% of the stock.

Shares of Realty Income Corporation (NYSE:O - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seventeen analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $67.4219.

O has been the subject of several analyst reports. Weiss Ratings raised shares of Realty Income from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, August 6th. Barclays decreased their price objective on shares of Realty Income from $68.00 to $67.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 22nd. Huntington initiated coverage on shares of Realty Income in a research note on Wednesday, July 15th. They set an "outperform" rating and a $70.00 price objective for the company. Mizuho dropped their target price on shares of Realty Income from $68.00 to $66.00 and set a "neutral" rating for the company in a report on Wednesday, May 13th. Finally, Stifel Nicolaus set a $70.75 target price on Realty Income in a research note on Tuesday, June 30th.

Hedge Funds Weigh In On Realty Income

Several hedge funds have recently made changes to their positions in the business. Triumph Capital Management raised its holdings in shares of Realty Income by 12.5% during the second quarter. Triumph Capital Management now owns 2,656 shares of the real estate investment trust's stock valued at $165,000 after acquiring an additional 295 shares in the last quarter. Nwam LLC boosted its holdings in Realty Income by 2.2% in the second quarter. Nwam LLC now owns 18,228 shares of the real estate investment trust's stock valued at $1,129,000 after acquiring an additional 400 shares in the last quarter. Camelot Portfolios LLC bought a new stake in Realty Income in the second quarter valued at $616,000. Quantitative Investment Management LLC increased its position in Realty Income by 22.7% during the 2nd quarter. Quantitative Investment Management LLC now owns 9,810 shares of the real estate investment trust's stock valued at $607,000 after purchasing an additional 1,814 shares during the period. Finally, Sigma Planning Corp increased its position in Realty Income by 4.5% during the 2nd quarter. Sigma Planning Corp now owns 63,195 shares of the real estate investment trust's stock valued at $3,916,000 after purchasing an additional 2,738 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Price Performance

Shares of Realty Income stock opened at $63.27 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 5.88 and a quick ratio of 5.88. Realty Income has a one year low of $55.86 and a one year high of $67.93. The business's 50 day simple moving average is $63.18 and its two-hundred day simple moving average is $63.16. The stock has a market capitalization of $59.87 billion, a P/E ratio of 46.18, a price-to-earnings-growth ratio of 4.47 and a beta of 0.71.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share for the quarter, meeting analysts' consensus estimates of $1.09. Realty Income had a return on equity of 3.12% and a net margin of 20.93%.The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the firm posted $1.05 earnings per share. The business's quarterly revenue was up 9.7% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. Analysts forecast that Realty Income will post 4.43 EPS for the current year.

Realty Income Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a $0.271 dividend. The ex-dividend date is Monday, August 31st. This represents a c) annualized dividend and a yield of 5.1%. Realty Income's dividend payout ratio (DPR) is 237.23%.

Realty Income Company Profile

Realty Income Corporation NYSE: O is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company's business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income's portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.

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