Realty Income Corporation (NYSE:O) Receives Average Rating of “Hold” from Brokerages

Shares of Realty Income Corporation (NYSE:O) have been given a consensus rating of “Hold” by the fourteen ratings firms that are presently covering the company, Marketbeat.com reports. Eleven equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $62.25.

Several equities analysts have issued reports on O shares. Mizuho upped their price target on shares of Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Wells Fargo & Company increased their price objective on Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Realty Income in a report on Monday, December 1st. Cantor Fitzgerald decreased their price target on Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Finally, Evercore ISI began coverage on Realty Income in a research report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price objective for the company.

Realty Income Trading Up 0.9%

Shares of O stock opened at $57.71 on Friday. Realty Income has a twelve month low of $50.71 and a twelve month high of $61.08. The stock’s fifty day simple moving average is $57.99 and its 200 day simple moving average is $58.01. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $53.09 billion, a P/E ratio of 53.44, a P/E/G ratio of 3.62 and a beta of 0.80.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the firm posted $1.05 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, sell-side analysts predict that Realty Income will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a $0.27 dividend. This is an increase from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. Realty Income’s dividend payout ratio is presently 299.07%.

Insider Activity at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the sale, the director owned 19,211 shares of the company’s stock, valued at $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Compagnie Lombard Odier SCmA bought a new position in shares of Realty Income during the 2nd quarter worth about $25,000. Keystone Global Partners LLC acquired a new stake in Realty Income in the first quarter valued at approximately $26,000. Stance Capital LLC acquired a new position in shares of Realty Income during the third quarter worth approximately $27,000. Heartwood Wealth Advisors LLC bought a new stake in Realty Income during the 3rd quarter valued at $29,000. Finally, Avion Wealth lifted its stake in shares of Realty Income by 142.4% in the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 309 shares in the last quarter. 70.81% of the stock is owned by 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.