Realty Income Corporation (NYSE:O) Receives Consensus Rating of "Hold" from Brokerages

Realty Income Corporation (NYSE:O - Get Free Report) has earned a consensus recommendation 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 issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $61.15.

A number of equities research analysts have recently weighed in on O shares. Mizuho boosted their target price on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Wedbush reiterated a "neutral" rating and set a $61.00 price target on shares of Realty Income in a report on Wednesday, May 7th. Wolfe Research lowered shares of Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday. Stifel Nicolaus raised their price objective on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Finally, UBS Group lowered their target price on Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th.

Realty Income Price Performance

NYSE:O traded down $0.36 during trading hours on Thursday, hitting $56.43. 4,436,242 shares of the company's stock traded hands, compared to its average volume of 5,296,621. The firm has a market cap of $50.96 billion, a P/E ratio of 51.30, a P/E/G ratio of 3.97 and a beta of 0.75. Realty Income has a 52 week low of $50.71 and a 52 week high of $64.88. The business's fifty day simple moving average is $56.78 and its two-hundred day simple moving average is $55.97. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69.

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

Realty Income Dividend Announcement

The company also recently announced a aug 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a $0.269 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a yield of 5.7%. Realty Income's dividend payout ratio (DPR) is presently 293.64%.

Hedge Funds Weigh In On Realty Income

A number of hedge funds have recently added to or reduced their stakes in O. Compagnie Lombard Odier SCmA purchased a new stake in Realty Income during the 2nd quarter valued at $25,000. Keystone Global Partners LLC purchased a new stake in Realty Income during the first quarter valued at approximately $26,000. Lee Danner & Bass Inc. purchased a new stake in shares of Realty Income in the 4th quarter worth $28,000. PSI Advisors LLC increased its stake in shares of Realty Income by 78.3% in the 1st 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, FSC Wealth Advisors LLC increased its stake in shares of Realty Income by 288.0% in the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 455 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Company Profile

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.