Realty Income Co. (NYSE:O) Receives Average Rating of “Hold” from Analysts

Realty Income Co. (NYSE:O) has received an average recommendation of “Hold” from the thirteen research firms that are presently covering the company, MarketBeat.com reports. Ten analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $62.21.

O has been the subject of several research analyst reports. UBS Group cut their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 target price on shares of Realty Income in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price for the company. Stifel Nicolaus lowered their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, Mizuho lowered their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th.

Realty Income Trading Up 1.1 %

Shares of O opened at $57.14 on Monday. The stock has a fifty day moving average price of $53.88 and a two-hundred day moving average price of $58.09. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. Realty Income has a 52-week low of $50.65 and a 52-week high of $64.88. The company has a market cap of $50.01 billion, a price-to-earnings ratio of 54.41, a PEG ratio of 2.06 and a beta of 1.00.

Realty Income Increases Dividend

The business also recently disclosed a mar 25 dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a dividend of $0.268 per share. The ex-dividend date is Monday, March 3rd. This is a boost from Realty Income’s previous mar 25 dividend of $0.26. This represents a dividend yield of 5.7%. Realty Income’s payout ratio is 301.91%.

Institutional Investors Weigh In On Realty Income

A number of institutional investors have recently made changes to their positions in the stock. Rosenberg Matthew Hamilton lifted its holdings in Realty Income by 75.4% during the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 211 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in Realty Income during the fourth quarter worth about $28,000. Creative Capital Management Investments LLC lifted its holdings in Realty Income by 133.3% during the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 300 shares in the last quarter. Hopwood Financial Services Inc. bought a new position in Realty Income during the fourth quarter worth about $29,000. Finally, Sierra Ocean LLC bought a new position in Realty Income during the fourth quarter worth about $32,000. 70.81% of the stock is 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.