Brokerages Set Realty Income Co. (NYSE:O) Target Price at $62.12

Shares of Realty Income Co. (NYSE:OGet Free Report) have earned a consensus rating of “Hold” from the fourteen brokerages that are covering the firm, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $62.12.

A number of research firms recently commented on O. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price for the company. Stifel Nicolaus lowered their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada reduced their target price on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Scotiabank decreased their price target on Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. Finally, Mizuho dropped their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th.

Get Our Latest Stock Analysis on Realty Income

Institutional Investors Weigh In On Realty Income

Several hedge funds and other institutional investors have recently bought and sold shares of O. Patron Partners LLC lifted its stake in shares of Realty Income by 10.5% in the 4th quarter. Patron Partners LLC now owns 10,573 shares of the real estate investment trust’s stock valued at $565,000 after purchasing an additional 1,009 shares during the last quarter. Dupree Financial Group LLC lifted its position in Realty Income by 2.6% in the fourth quarter. Dupree Financial Group LLC now owns 96,302 shares of the real estate investment trust’s stock valued at $5,143,000 after buying an additional 2,453 shares during the last quarter. Alliance Wealth Advisors LLC UT boosted its stake in Realty Income by 2.1% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 36,668 shares of the real estate investment trust’s stock worth $1,958,000 after buying an additional 767 shares during the period. Optas LLC acquired a new stake in shares of Realty Income during the fourth quarter valued at about $207,000. Finally, Brentview Investment Management LLC purchased a new stake in shares of Realty Income in the 4th quarter valued at approximately $2,525,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Trading Up 0.4 %

O opened at $54.35 on Thursday. Realty Income has a 52 week low of $50.65 and a 52 week high of $64.88. The company has a market capitalization of $47.57 billion, a P/E ratio of 51.77, a PEG ratio of 1.93 and a beta of 1.00. The stock’s fifty day moving average is $54.68 and its two-hundred day moving average is $58.39. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:OGet Free Report) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the business posted $1.02 EPS. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. Analysts forecast that Realty Income will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently disclosed a feb 25 dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a dividend of $0.264 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a yield of 5.9%. Realty Income’s dividend payout ratio is presently 301.91%.

About Realty Income

(Get Free Report

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.

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