Realty Income Co. (NYSE:O) Receives $62.04 Consensus PT from Analysts

Shares of Realty Income Co. (NYSE:O) have been given an average recommendation of “Hold” by the fourteen brokerages that are presently covering the company, Marketbeat.com reports. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $62.04.

Several analysts have recently commented on O shares. Mizuho dropped their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. BNP Paribas downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a report on Tuesday, February 25th. Scotiabank dropped their price objective on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective on the stock. Finally, Stifel Nicolaus dropped their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th.

Realty Income Trading Down 0.0 %

Shares of Realty Income stock opened at $56.96 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income has a 12-month low of $50.65 and a 12-month high of $64.88. The firm has a market capitalization of $50.78 billion, a price-to-earnings ratio of 54.24, a PEG ratio of 2.10 and a beta of 1.00. The firm’s 50 day simple moving average is $55.28 and its two-hundred day simple moving average is $57.60.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, February 24th. 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 for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Analysts predict that Realty Income will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.2685 per share. The ex-dividend date is Tuesday, April 1st. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. This represents a yield of 5.7%. Realty Income’s dividend payout ratio is currently 328.57%.

Hedge Funds Weigh In On Realty Income

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Realty Income by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust’s stock worth $7,436,622,000 after acquiring an additional 555,908 shares during the period. Parnassus Investments LLC raised its position in Realty Income by 7.4% during the third quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock worth $1,550,506,000 after acquiring an additional 1,676,293 shares during the period. Geode Capital Management LLC raised its position in Realty Income by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust’s stock worth $1,253,584,000 after acquiring an additional 658,240 shares during the period. Northern Trust Corp raised its position in shares of Realty Income by 41.2% in the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust’s stock valued at $701,792,000 after buying an additional 3,834,403 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Realty Income in the fourth quarter valued at about $624,666,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

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.