Realty Income Co. (NYSE:O) Receives $62.59 Average Price Target from Brokerages

Realty Income Co. (NYSE:O) has earned an average rating of “Hold” from the fifteen analysts that are covering the stock, Marketbeat reports. Nine investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $62.59.

A number of research firms have weighed in on O. Wells Fargo & Company boosted their target price on shares of Realty Income from $57.00 to $62.00 and gave the stock an “equal weight” rating in a report on Monday, August 26th. Scotiabank boosted their price objective on shares of Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 17th. KeyCorp started coverage on Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating for the company. UBS Group upped their price target on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, Royal Bank of Canada raised their price objective on Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th.

Realty Income Stock Down 0.3 %

Shares of NYSE:O opened at $62.46 on Friday. Realty Income has a 52-week low of $45.03 and a 52-week high of $63.39. The company has a market capitalization of $54.39 billion, a PE ratio of 57.83, a price-to-earnings-growth ratio of 4.34 and a beta of 0.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39. The company has a fifty day moving average of $60.63 and a 200-day moving average of $55.90.

Realty Income (NYSE:O) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.22 billion. Realty Income had a net margin of 17.89% and a return on equity of 3.27%. Realty Income’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.00 earnings per share. On average, equities analysts predict that Realty Income will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a oct 24 dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.2635 per share. This represents a dividend yield of 5%. The ex-dividend date of this dividend is Tuesday, October 1st. This is a boost from Realty Income’s previous oct 24 dividend of $0.26. Realty Income’s dividend payout ratio is 292.59%.

Insider Activity

In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the sale, the director now owns 5,257 shares in the company, valued at $319,467.89. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the sale, the director now directly owns 5,257 shares of the company’s stock, valued at $319,467.89. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the transaction, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Realty Income

Several institutional investors have recently bought and sold shares of O. Vima LLC bought a new stake in Realty Income in the 4th quarter worth about $25,000. Pacifica Partners Inc. increased its position in shares of Realty Income by 444.4% during the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 400 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in Realty Income during the first quarter worth $27,000. Bell Investment Advisors Inc boosted its position in Realty Income by 69.6% in the first quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 217 shares during the last quarter. Finally, Able Wealth Management LLC purchased a new stake in shares of Realty Income during the 4th quarter valued at $32,000. Institutional investors own 70.81% of the company’s stock.

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.