Realty Income Corporation (NYSE:O) Given Average Recommendation of “Moderate Buy” by Analysts

by · The Markets Daily

Realty Income Corporation (NYSE:O – Get Free Report) has earned an average rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $66.7344.

A number of analysts have recently weighed in on O shares. Robert W. Baird boosted their price objective on shares of Realty Income from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, July 6th. Stifel Nicolaus set a $70.75 price target on shares of Realty Income in a report on Tuesday, June 30th. Mizuho lowered their price target on Realty Income from $66.00 to $61.00 and set a “neutral” rating on the stock in a research report on Thursday, September 17th. Barclays cut their price objective on Realty Income from $67.00 to $65.00 and set an “equal weight” rating for the company in a research report on Friday, September 4th. Finally, Jefferies Financial Group began coverage on Realty Income in a research report on Monday, June 1st. They issued a “buy” rating and a $69.00 price target on the stock.

View Our Latest Research Report on O

Realty Income Stock Performance

O opened at $56.64 on Tuesday. The company has a market cap of $53.59 billion, a PE ratio of 41.34, a price-to-earnings-growth ratio of 4.03 and a beta of 0.71. The stock has a 50-day moving average of $62.30 and a 200-day moving average of $62.46. Realty Income has a 52-week low of $55.86 and a 52-week high of $67.93. The company has a debt-to-equity ratio of 0.73, a quick ratio of 5.88 and a current ratio of 5.88.

Realty Income (NYSE:O – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $1.09 EPS for the quarter, meeting analysts’ consensus estimates of $1.09. Realty Income had a return on equity of 3.12% and a net margin of 20.93%.The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the firm posted $1.05 EPS. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. As a group, equities research analysts forecast that Realty Income will post 4.42 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.2715 per share. This represents a c) dividend on an annualized basis and a yield of 5.8%. This is an increase from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, September 30th. Realty Income’s payout ratio is presently 237.23%.

Institutional Trading of Realty Income

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Realty Income during the second quarter valued at about $6,997,219,000. State Street Corp lifted its stake in shares of Realty Income by 0.8% in the fourth quarter. State Street Corp now owns 63,559,987 shares of the real estate investment trust’s stock valued at $3,599,676,000 after buying an additional 531,095 shares during the period. Geode Capital Management LLC grew its position in Realty Income by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 29,206,196 shares of the real estate investment trust’s stock worth $1,655,991,000 after buying an additional 793,100 shares in the last quarter. Bank of America Corp DE increased its stake in Realty Income by 10.3% during the second quarter. Bank of America Corp DE now owns 19,117,994 shares of the real estate investment trust’s stock valued at $1,184,551,000 after acquiring an additional 1,785,859 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Realty Income by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 13,018,219 shares of the real estate investment trust’s stock valued at $796,457,000 after acquiring an additional 154,581 shares during the period. 70.81% of the stock is owned by institutional investors.

Realty Income Company Profile

(Get Free Report)

Realty Income Corporation is a real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial properties. The company primarily uses long-term, single-tenant, net lease agreements, under which tenants generally assume responsibility for property-level expenses such as maintenance, insurance and taxes.

Its portfolio includes retail, industrial, distribution, office, gaming and other commercial properties. Realty Income serves a broad range of tenants, including convenience stores, grocery stores, pharmacies, home improvement retailers, restaurants, logistics operators and other established businesses.

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