Realty Income Corporation (NYSE:O) Given Consensus Rating of “Hold” by Analysts

Realty Income Corporation (NYSE:OGet Free Report) has earned a consensus rating of “Hold” from the seventeen brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $66.65.

O has been the subject of a number of recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Realty Income in a research note on Friday, April 10th. Mizuho dropped their price objective on Realty Income from $68.00 to $66.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Royal Bank Of Canada increased their target price on shares of Realty Income from $70.00 to $71.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Jefferies Financial Group assumed coverage on Realty Income in a research report on Monday, June 1st. They issued a “buy” rating and a $69.00 price target for the company. Finally, Morgan Stanley set a $67.00 price objective on shares of Realty Income in a research note on Monday, April 27th.

Check Out Our Latest Report on Realty Income

Realty Income Stock Down 1.2%

Shares of Realty Income stock opened at $63.24 on Thursday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. The firm has a market cap of $58.97 billion, a P/E ratio of 51.84, a P/E/G ratio of 4.99 and a beta of 0.72. Realty Income has a fifty-two week low of $55.86 and a fifty-two week high of $67.93. The business has a 50-day moving average price of $62.00 and a 200 day moving average price of $62.07.

Realty Income (NYSE:OGet Free Report) last released its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the company posted $1.06 earnings per share. The firm’s revenue was up 12.2% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. On average, sell-side analysts forecast that Realty Income will post 4.45 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be paid a $0.271 dividend. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date is Friday, July 31st. Realty Income’s dividend payout ratio is currently 266.39%.

Institutional Investors Weigh In On Realty Income

Institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Realty Income during the fourth quarter worth $558,775,000. Morgan Stanley increased its position in Realty Income by 21.6% in the 4th quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock worth $1,031,080,000 after purchasing an additional 3,252,091 shares during the last quarter. Deutsche Bank AG increased its position in Realty Income by 45.1% in the 4th quarter. Deutsche Bank AG now owns 4,998,963 shares of the real estate investment trust’s stock worth $281,792,000 after purchasing an additional 1,554,726 shares during the last quarter. Amundi raised its stake in shares of Realty Income by 56.7% during the 1st quarter. Amundi now owns 4,183,310 shares of the real estate investment trust’s stock worth $255,934,000 after purchasing an additional 1,514,119 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Realty Income by 2.1% during the 3rd quarter. State Street Corp now owns 63,028,892 shares of the real estate investment trust’s stock worth $3,831,526,000 after purchasing an additional 1,295,936 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income News Roundup

Here are the key news stories impacting Realty Income this week:

Realty Income Company Profile

(Get Free Report)

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.

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Analyst Recommendations for Realty Income (NYSE:O)

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