Brokerages Set Realty Income Co. (NYSE:O) PT at $60.96

Realty Income Co. (NYSE:O) has earned an average rating of “Hold” from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $60.96.

Several equities analysts have weighed in on the company. Stifel Nicolaus reduced their price objective on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Mizuho decreased their price objective on Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a report on Thursday, March 7th. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. BMO Capital Markets initiated coverage on shares of Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 target price for the company. Finally, Royal Bank of Canada boosted their price target on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, January 11th.

Insider Activity at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the sale, the director now owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Realty Income

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Realty Income during the 4th quarter valued at about $506,526,000. Vanguard Group Inc. grew its position in Realty Income by 3.9% during the third quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock valued at $5,537,019,000 after acquiring an additional 4,172,231 shares during the last quarter. Principal Financial Group Inc. grew its position in Realty Income by 107.1% during the fourth quarter. Principal Financial Group Inc. now owns 4,951,020 shares of the real estate investment trust’s stock valued at $284,288,000 after acquiring an additional 2,560,597 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC raised its stake in shares of Realty Income by 213.3% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,171,853 shares of the real estate investment trust’s stock worth $124,708,000 after acquiring an additional 1,478,577 shares in the last quarter. Finally, GRS Advisors LLC purchased a new stake in shares of Realty Income in the 4th quarter valued at $58,843,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Trading Up 1.1 %

NYSE O opened at $54.31 on Tuesday. The stock has a market capitalization of $46.77 billion, a price-to-earnings ratio of 43.10, a PEG ratio of 5.57 and a beta of 0.92. The business’s fifty day moving average is $52.69 and its 200-day moving average is $53.55. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28. Realty Income has a one year low of $45.03 and a one year high of $64.18.

Realty Income (NYSE:O) last released its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the firm earned $1.00 earnings per share. The firm’s revenue was up 21.1% compared to the same quarter last year. Equities research analysts predict that Realty Income will post 4.16 EPS for the current year.

Realty Income Announces Dividend

The company also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.257 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is currently 244.45%.

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.