Realty Income Co. (NYSE:O) Receives $61.35 Average Price Target from Brokerages

Realty Income Co. (NYSE:O) has been assigned a consensus rating of “Hold” from the fourteen analysts that are presently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $61.35.

A number of brokerages have recently commented on O. Scotiabank increased their price objective on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. Mizuho lifted their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, May 10th. KeyCorp began coverage on shares of Realty Income in a report on Wednesday, June 12th. They set a “sector weight” rating for the company. Finally, UBS Group dropped their price objective on Realty Income from $67.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, May 31st.

Hedge Funds Weigh In On Realty Income

A number of hedge funds and other institutional investors have recently made changes to their positions in O. American National Bank acquired a new position in Realty Income in the fourth quarter worth about $25,000. Vima LLC bought a new stake in shares of Realty Income in the 4th quarter valued at approximately $25,000. Pacifica Partners Inc. raised its holdings in shares of Realty Income by 444.4% in the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 400 shares in the last quarter. WASHINGTON TRUST Co lifted its position in shares of Realty Income by 65.7% during the 1st quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 197 shares during the period. Finally, Northwest Investment Counselors LLC acquired a new stake in Realty Income in the 1st quarter valued at $27,000. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Performance

Shares of NYSE O opened at $55.75 on Friday. Realty Income has a 12-month low of $45.03 and a 12-month high of $64.18. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65. The company has a market cap of $48.55 billion, a PE ratio of 51.62, a P/E/G ratio of 4.85 and a beta of 0.96. The stock has a 50 day simple moving average of $53.49 and a 200-day simple moving average of $53.86.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The firm’s quarterly revenue was up 33.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 EPS. On average, equities research analysts forecast that Realty Income will post 4.2 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently declared a aug 24 dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a $0.263 dividend. This represents a yield of 5.7%. The ex-dividend date of this dividend is Thursday, August 1st. Realty Income’s dividend payout ratio (DPR) is presently 292.59%.

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.