Realty Income Co. (NYSE:O) Receives $62.21 Average PT from Analysts

Realty Income Co. (NYSE:O) has received a consensus recommendation of “Hold” from the thirteen analysts that are covering the firm, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $62.21.

A number of research analysts have recently commented on the company. Scotiabank lowered their price objective on Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. Barclays lowered their price objective on Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Stifel Nicolaus lowered their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. UBS Group lowered their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price on the stock.

Hedge Funds Weigh In On Realty Income

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Realty Income by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust’s stock worth $7,436,622,000 after buying an additional 555,908 shares during the period. Parnassus Investments LLC lifted its position in shares of Realty Income by 7.4% during the 3rd quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock worth $1,550,506,000 after buying an additional 1,676,293 shares during the period. Geode Capital Management LLC lifted its position in shares of Realty Income by 2.9% during the 4th 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 buying an additional 658,240 shares during the period. Northern Trust Corp lifted its position in shares of Realty Income by 41.2% during the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust’s stock worth $701,792,000 after buying an additional 3,834,403 shares during the period. Finally, Norges Bank bought a new position in shares of Realty Income during the 4th quarter worth approximately $624,666,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of NYSE O opened at $57.14 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market cap of $50.01 billion, a price-to-earnings ratio of 54.41, a P/E/G ratio of 2.06 and a beta of 1.00. The business’s 50-day simple moving average is $53.88 and its 200-day simple moving average is $58.09. Realty Income has a 52 week low of $50.65 and a 52 week high of $64.88.

Realty Income Increases Dividend

The company also recently disclosed a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a $0.268 dividend. The ex-dividend date is Monday, March 3rd. This represents a dividend yield of 5.7%. This is an increase from Realty Income’s previous mar 25 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is currently 301.91%.

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.