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

Key Points

• Realty Income Corporation has received a consensus rating of "Hold" from twelve brokerages, with nine analysts recommending a hold and three suggesting a buy, leading to an average 1-year target price of $62.00.
• The company recently reported a quarterly earnings of $1.05 per share, slightly missing estimates, while its revenue increased 5.3% year-over-year to $1.34 billion.
• Realty Income has announced an increase in its monthly dividend to $0.269 per share, with an annualized yield of 5.5%, reflecting its commitment to providing dependable monthly dividends.

Realty Income Corporation (NYSE:O - Get Free Report) has been assigned an average rating of "Hold" from the twelve research firms that are currently covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $62.00.

O has been the subject of several analyst reports. Barclays raised their price objective on Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a report on Wednesday, August 20th. Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Scotiabank boosted their price objective on shares of Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 28th. Finally, UBS Group raised their target price 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 Trading Up 1.6%

NYSE O traded up $0.94 on Friday, hitting $59.22. 5,316,633 shares of the company were exchanged, compared to its average volume of 4,953,277. 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 has a twelve month low of $50.71 and a twelve month high of $64.88. The company's 50 day moving average price is $57.72 and its 200-day moving average price is $56.97. The firm has a market capitalization of $54.14 billion, a P/E ratio of 57.49, a price-to-earnings-growth ratio of 4.45 and a beta of 0.77.

Realty Income (NYSE:O - Get Free Report) last released 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 business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the business earned $1.07 EPS. Analysts predict that Realty Income will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.269 per share. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Realty Income's previous monthly dividend of $0.26. This represents a c) annualized dividend and a yield of 5.5%. Realty Income's dividend payout ratio (DPR) is currently 313.59%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. lifted its position in shares of Realty Income by 15.6% during the second quarter. Osaic Holdings Inc. now owns 464,621 shares of the real estate investment trust's stock valued at $26,779,000 after buying an additional 62,837 shares during the last quarter. FSC Wealth Advisors LLC grew its position in shares of Realty Income by 44.7% in the 2nd quarter. FSC Wealth Advisors LLC now owns 887 shares of the real estate investment trust's stock valued at $51,000 after buying an additional 274 shares during the last quarter. Total Investment Management Inc. acquired a new position in Realty Income in the second quarter valued at $65,000. Orion Porfolio Solutions LLC lifted its stake in shares of Realty Income by 30.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 25,437 shares of the real estate investment trust's stock worth $1,465,000 after acquiring an additional 5,995 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in Realty Income by 30.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 202,906 shares of the real estate investment trust's stock valued at $11,633,000 after acquiring an additional 47,328 shares during the last quarter. 70.81% of the stock is 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.