Realty Income (NYSE:O) Research Coverage Started at Huntington

Huntington initiated coverage on shares of Realty Income (NYSE:O) in a research report released on Wednesday morning, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $70.00 price target on the real estate investment trust’s stock.

Several other brokerages also recently weighed in on O. Royal Bank Of Canada upped their target price on Realty Income from $70.00 to $71.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Morgan Stanley set a $67.00 target price on Realty Income in a report on Monday, April 27th. Mizuho decreased their price target on Realty Income from $68.00 to $66.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Realty Income in a research report on Wednesday, July 8th. Finally, Wells Fargo & Company increased their price objective on shares of Realty Income from $64.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and an average price target of $67.17.

Realty Income Stock Performance

NYSE:O opened at $65.70 on Wednesday. The firm’s fifty day simple moving average is $62.13 and its 200 day simple moving average is $62.41. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. Realty Income has a twelve month low of $55.86 and a twelve month high of $67.93. The firm has a market capitalization of $61.26 billion, a price-to-earnings ratio of 53.85, a PEG ratio of 5.13 and a beta of 0.72.

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

Realty Income Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Brighton Jones LLC grew its position in shares of Realty Income by 11.2% during the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after buying an additional 615 shares in the last quarter. Bison Wealth LLC acquired a new stake in Realty Income in the fourth quarter valued at $571,000. Empowered Funds LLC boosted its stake in Realty Income by 8.0% during the 1st quarter. Empowered Funds LLC now owns 18,029 shares of the real estate investment trust’s stock valued at $1,041,000 after acquiring an additional 1,330 shares during the last quarter. Woodline Partners LP boosted its stake in Realty Income by 41.3% during the 1st quarter. Woodline Partners LP now owns 73,942 shares of the real estate investment trust’s stock valued at $4,289,000 after acquiring an additional 21,603 shares during the last quarter. Finally, Intech Investment Management LLC grew its holdings in Realty Income by 14.9% during the 1st quarter. Intech Investment Management LLC now owns 25,401 shares of the real estate investment trust’s stock worth $1,474,000 after acquiring an additional 3,290 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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.