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

Key Points

• Realty Income Corporation receives a consensus rating of "Hold" from twelve brokerages, with an average twelve-month target price of $62.36.
• Multiple research firms have adjusted their ratings and price targets for Realty Income, with UBS Group updating its target from $62.00 to $66.00, designating a "buy" rating.
• Realty Income has recently raised its monthly dividend to $0.2695, providing a yield of 5.3%, with shareholders of record set to receive this on October 15th.

Shares of Realty Income Corporation (NYSE:O - Get Free Report) have earned a consensus rating of "Hold" from the twelve brokerages that are presently covering the stock, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $62.3636.

Several research firms have recently commented on O. Barclays boosted their target price on shares of Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 20th. Mizuho increased their price objective on Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a research note on Thursday, September 11th. Wolfe Research cut Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. UBS Group increased their price target on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Finally, Scotiabank lifted their price objective on shares of Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th.

Hedge Funds Weigh In On Realty Income

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Realty Income by 2.5% during the second quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust's stock valued at $8,418,907,000 after purchasing an additional 3,624,852 shares during the period. State Street Corp raised its stake in Realty Income by 1.1% in the 2nd quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust's stock valued at $3,556,436,000 after acquiring an additional 676,697 shares during the period. Geode Capital Management LLC lifted its holdings in Realty Income by 8.3% during the second quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust's stock valued at $1,548,687,000 after purchasing an additional 2,058,031 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Realty Income by 3.9% during the first quarter. Dimensional Fund Advisors LP now owns 12,108,561 shares of the real estate investment trust's stock worth $702,381,000 after purchasing an additional 451,307 shares during the period. Finally, Raymond James Financial Inc. increased its stake in shares of Realty Income by 5.8% in the second quarter. Raymond James Financial Inc. now owns 12,011,841 shares of the real estate investment trust's stock worth $692,002,000 after purchasing an additional 654,958 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Trading Up 0.3%

NYSE O opened at $60.48 on Tuesday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. Realty Income has a 52 week low of $50.71 and a 52 week high of $64.88. The business has a 50 day moving average price of $58.53 and a 200-day moving average price of $57.28. The company has a market cap of $55.30 billion, a price-to-earnings ratio of 58.72, a P/E/G ratio of 4.61 and a beta of 0.77.

Realty Income (NYSE:O - Get Free Report) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.Realty Income's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.07 earnings per share. As a group, equities analysts expect that Realty Income will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a $0.2695 dividend. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Wednesday, October 1st. This is a positive change from Realty Income's previous monthly dividend of $0.27. Realty Income's payout ratio is currently 313.59%.

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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