Realty Income Corporation (NYSE:O) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Realty Income Corporation has received a consensus recommendation of "Hold" from fourteen brokerages, with eleven analysts suggesting a hold and three giving a buy recommendation.
• The average target price for Realty Income stock is currently $62.58, with Barclays raising its target to $63.00 and UBS Group increasing it to $66.00.
• Realty Income will pay a monthly dividend of $0.2695 on November 14, with a dividend yield of 5.4%, though the company has a high dividend payout ratio of 313.59%.

Shares of Realty Income Corporation (NYSE:O - Get Free Report) have been assigned a consensus recommendation of "Hold" from the fourteen research firms that are presently covering the firm, Marketbeat Ratings reports. Eleven equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $62.5833.

A number of brokerages recently commented on O. Barclays raised their target price on Realty Income from $59.00 to $63.00 and gave the company an "equal weight" rating in a report on Monday. Evercore ISI began coverage on Realty Income in a report on Wednesday, October 1st. They set an "in-line" rating and a $62.00 target price for the company. Cantor Fitzgerald started coverage on Realty Income in a report on Wednesday, October 1st. They set a "neutral" rating and a $64.00 target price for the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Realty Income in a research note on Wednesday, October 8th. Finally, UBS Group lifted their price objective on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research note on Friday, August 15th.

Realty Income Stock Performance

Shares of Realty Income stock opened at $60.03 on Friday. The business has a 50-day moving average of $59.40 and a 200 day moving average of $57.74. Realty Income has a 12 month low of $50.71 and a 12 month high of $63.29. The stock has a market capitalization of $54.89 billion, a price-to-earnings ratio of 58.28, a price-to-earnings-growth ratio of 4.60 and a beta of 0.78. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85.

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

Realty Income Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be paid a $0.2695 dividend. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Friday, October 31st. Realty Income's dividend payout ratio (DPR) is presently 313.59%.

Insider Activity

In other news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the transaction, the director owned 19,211 shares in the company, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company's stock.

Hedge Funds Weigh In On Realty Income

Several hedge funds and other institutional investors have recently made changes to their positions in O. Norges Bank purchased a new position in shares of Realty Income in the 2nd quarter valued at about $676,500,000. Vanguard Group Inc. lifted its stake 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 worth $8,418,907,000 after purchasing an additional 3,624,852 shares during the last quarter. Nuveen LLC purchased a new stake in Realty Income during the first quarter worth approximately $207,573,000. Geode Capital Management LLC lifted its stake 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 worth $1,548,687,000 after purchasing an additional 2,058,031 shares during the last quarter. Finally, Schroder Investment Management Group lifted its stake in Realty Income by 420.0% during the second quarter. Schroder Investment Management Group now owns 2,139,550 shares of the real estate investment trust's stock worth $123,259,000 after purchasing an additional 1,728,082 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

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.

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