Brokerages Set Realty Income Co. (NYSE:O) PT at $63.85

Shares of Realty Income Co. (NYSE:O) have been given a consensus recommendation of “Hold” by the thirteen research firms that are covering the firm, Marketbeat reports. Nine equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $63.67.

A number of research firms have recently weighed in on O. UBS Group cut their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. JPMorgan Chase & Co. raised their target price on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Mizuho cut Realty Income from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $64.00 to $60.00 in a research note on Thursday, November 14th. Wedbush assumed coverage on shares of Realty Income in a research report on Monday, August 19th. They issued a “neutral” rating and a $64.00 price target on the stock. Finally, Royal Bank of Canada decreased their price objective on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th.

Hedge Funds Weigh In On Realty Income

A number of large investors have recently added to or reduced their stakes in the company. Mather Group LLC. boosted its position in shares of Realty Income by 69.5% during the second quarter. Mather Group LLC. now owns 9,945 shares of the real estate investment trust’s stock worth $538,000 after buying an additional 4,079 shares during the period. CWM LLC lifted its stake in Realty Income by 2.8% in the 2nd quarter. CWM LLC now owns 76,072 shares of the real estate investment trust’s stock valued at $4,018,000 after acquiring an additional 2,037 shares in the last quarter. Lantz Financial LLC acquired a new position in Realty Income during the 2nd quarter worth approximately $234,000. Simplicity Wealth LLC grew its stake in shares of Realty Income by 14.3% during the 2nd quarter. Simplicity Wealth LLC now owns 25,859 shares of the real estate investment trust’s stock worth $1,366,000 after acquiring an additional 3,233 shares in the last quarter. Finally, Foresight Capital Management Advisors Inc. grew its stake in shares of Realty Income by 10.9% during the 2nd quarter. Foresight Capital Management Advisors Inc. now owns 17,259 shares of the real estate investment trust’s stock worth $912,000 after acquiring an additional 1,698 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of O stock opened at $55.79 on Wednesday. The firm has a market cap of $48.83 billion, a price-to-earnings ratio of 53.13, a PEG ratio of 3.95 and a beta of 0.98. Realty Income has a 12 month low of $50.65 and a 12 month high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a 50-day moving average price of $59.59 and a 200 day moving average price of $58.30.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the firm earned $1.02 EPS. The firm’s quarterly revenue was up 28.1% compared to the same quarter last year. Research analysts expect that Realty Income will post 4.2 EPS for the current year.

Realty Income Announces Dividend

The business also recently disclosed a jan 25 dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a $0.264 dividend. Realty Income’s dividend payout ratio is currently 300.96%.

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.