Realty Income Corporation (NYSE:O) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts have given Realty Income Corporation (NYSE:O) an average recommendation of "Hold", with eight analysts rating it as such and four giving it a buy rating.
• The company's last quarterly earnings report showed an EPS of $1.05, missing estimates by $0.01, while revenue was slightly above expectations at $1.34 billion.
• Realty Income has declared a dividend of $0.269 per share, to be paid on August 15th, representing a dividend yield of 570.0%, with a high payout ratio of 313.59%.

Shares of Realty Income Corporation (NYSE:O - Get Free Report) have received a consensus recommendation of "Hold" from the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $61.3636.

A number of research firms have weighed in on O. JPMorgan Chase & Co. reduced 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. Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. UBS Group cut their price target on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Barclays restated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Finally, Wedbush restated a "neutral" rating and set a $61.00 price target on shares of Realty Income in a research note on Wednesday, May 7th.

Realty Income Stock Up 0.7%

Shares of O opened at $57.49 on Monday. The company has a market cap of $52.56 billion, a PE ratio of 55.82, a P/E/G ratio of 4.04 and a beta of 0.76. The business has a fifty day moving average of $57.21 and a 200 day moving average of $56.46. Realty Income has a 52-week low of $50.71 and a 52-week high of $64.88. 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 (NYSE:O - Get Free Report) last issued its quarterly 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 company 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%. The firm's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.07 earnings per share. On average, sell-side analysts expect that Realty Income will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The company also recently announced a aug 25 dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a dividend of $0.269 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a dividend yield of 570.0%. Realty Income's payout ratio is 313.59%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Moseley Investment Management Inc. increased its position in shares of Realty Income by 1.3% in the second quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust's stock valued at $781,000 after buying an additional 175 shares in the last quarter. Castle Rock Wealth Management LLC increased its position in shares of Realty Income by 0.6% in the second quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust's stock valued at $1,552,000 after buying an additional 177 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of Realty Income by 10.7% in the second quarter. Creative Financial Designs Inc. ADV now owns 1,833 shares of the real estate investment trust's stock valued at $106,000 after buying an additional 177 shares in the last quarter. Revisor Wealth Management LLC increased its position in shares of Realty Income by 2.3% in the second quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust's stock valued at $454,000 after buying an additional 178 shares in the last quarter. Finally, Pure Financial Advisors LLC increased its position in shares of Realty Income by 3.5% in the second quarter. Pure Financial Advisors LLC now owns 5,519 shares of the real estate investment trust's stock valued at $318,000 after buying an additional 185 shares in the last quarter. 70.81% of the stock is currently 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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