Realty Income Corporation (NYSE:O) Receives $67.11 Average Target Price from Brokerages

Realty Income Corporation (NYSE:O) has received an average recommendation of “Hold” from the seventeen research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $67.1094.

Several research analysts have commented on the company. Royal Bank Of Canada raised their price objective on Realty Income from $70.00 to $71.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Stifel Nicolaus set a $70.75 price target on Realty Income in a research report on Tuesday, June 30th. Huntington assumed coverage on Realty Income in a research report on Wednesday, July 15th. They set an “outperform” rating and a $70.00 price target on the stock. Scotiabank cut their price target on Realty Income from $72.00 to $67.00 and set a “sector outperform” rating on the stock in a research note on Thursday, June 18th. Finally, Barclays decreased their price objective on Realty Income from $68.00 to $67.00 and set an “equal weight” rating for the company in a report on Wednesday, July 22nd.

Institutional Investors Weigh In On Realty Income

Several hedge funds have recently modified their holdings of O. Vanguard Group Inc. increased its holdings in Realty Income by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust’s stock worth $8,478,910,000 after acquiring an additional 684,949 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in Realty Income by 8.2% during the fourth quarter. Sound Income Strategies LLC now owns 352,918 shares of the real estate investment trust’s stock valued at $21,676,000 after purchasing an additional 26,890 shares in the last quarter. LDR Capital Management LLC grew its position in shares of Realty Income by 117.6% in the fourth quarter. LDR Capital Management LLC now owns 29,285 shares of the real estate investment trust’s stock valued at $1,651,000 after purchasing an additional 15,825 shares during the period. Danske Bank A S grew its position in shares of Realty Income by 20.3% in the fourth quarter. Danske Bank A S now owns 568,121 shares of the real estate investment trust’s stock valued at $32,025,000 after purchasing an additional 95,773 shares during the period. Finally, World Investment Advisors increased its stake in shares of Realty Income by 68.8% during the fourth quarter. World Investment Advisors now owns 220,836 shares of the real estate investment trust’s stock worth $12,449,000 after purchasing an additional 90,023 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of NYSE:O opened at $65.48 on Monday. The firm has a market cap of $61.06 billion, a PE ratio of 53.67, a price-to-earnings-growth ratio of 5.13 and a beta of 0.72. The firm’s 50 day simple moving average is $62.67 and its 200-day simple moving average is $62.90. Realty Income has a one year low of $55.86 and a one year high of $67.93. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56.

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

Realty Income Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be given a dividend of $0.271 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 5.0%. Realty Income’s dividend payout ratio (DPR) is 266.39%.

About Realty Income

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.