Analysts Set Realty Income Co. (NYSE:O) PT at $62.42

Shares of Realty Income Co. (NYSE:O) have received a consensus recommendation of “Hold” from the fourteen research firms that are covering the firm, MarketBeat reports. Eleven analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $62.42.

A number of equities research analysts have weighed in on O shares. Royal Bank of Canada decreased their target price on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Barclays increased their target price on Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Scotiabank cut their price target on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Stifel Nicolaus lowered their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a research report on Tuesday, February 25th.

Realty Income Stock Performance

Shares of O opened at $55.14 on Tuesday. The company has a market cap of $49.17 billion, a price-to-earnings ratio of 52.51, a P/E/G ratio of 2.10 and a beta of 0.79. The business’s fifty day simple moving average is $55.87 and its two-hundred day simple moving average is $56.70. Realty Income has a 12 month low of $50.65 and a 12 month high of $64.88. 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 (NYSE:O) last issued its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Research analysts anticipate that Realty Income will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.2685 dividend. This represents a dividend yield of 6%. The ex-dividend date is Thursday, May 1st. Realty Income’s dividend payout ratio (DPR) is 328.57%.

Institutional Investors Weigh In On Realty Income

A number of institutional investors have recently added to or reduced their stakes in the stock. Perkins Coie Trust Co boosted its holdings in shares of Realty Income by 11.0% during the 1st quarter. Perkins Coie Trust Co now owns 40,806 shares of the real estate investment trust’s stock valued at $2,367,000 after purchasing an additional 4,043 shares during the last quarter. Gateway Investment Advisers LLC boosted its stake in Realty Income by 12.1% during the first quarter. Gateway Investment Advisers LLC now owns 34,402 shares of the real estate investment trust’s stock valued at $1,996,000 after buying an additional 3,719 shares during the last quarter. LPF Advisors LLC bought a new position in Realty Income during the first quarter valued at approximately $212,000. First Affirmative Financial Network grew its holdings in Realty Income by 12.4% during the 1st quarter. First Affirmative Financial Network now owns 10,273 shares of the real estate investment trust’s stock valued at $596,000 after buying an additional 1,131 shares in the last quarter. Finally, Butensky & Cohen Financial Security Inc. increased its stake in Realty Income by 2.1% in the 1st quarter. Butensky & Cohen Financial Security Inc. now owns 68,982 shares of the real estate investment trust’s stock worth $4,002,000 after acquiring an additional 1,444 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other 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.