Realty Income (NYSE:O) Price Target Raised to $58.00

Realty Income (NYSE:O) had its price objective increased by stock analysts at Scotiabank from $57.00 to $58.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price objective suggests a potential upside of 3.94% from the company’s current price.

Several other analysts have also recently commented on O. BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a report on Tuesday, February 25th. Royal Bank of Canada lowered their target price on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Wedbush reaffirmed a “neutral” rating and set a $61.00 target price on shares of Realty Income in a research report on Wednesday, May 7th. Mizuho upped their target price on Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. lowered their target price on Realty Income from $64.00 to $61.00 and set a “neutral” rating on the stock in a research report on Monday, May 5th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $61.85.

Realty Income Trading Down 1.6%

Shares of NYSE:O traded down $0.89 during midday trading on Monday, hitting $55.80. 2,663,167 shares of the stock were exchanged, compared to its average volume of 5,177,608. The stock has a market capitalization of $50.39 billion, a price-to-earnings ratio of 53.18, a P/E/G ratio of 2.10 and a beta of 0.78. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The business’s 50-day moving average price is $56.55 and its 200 day moving average price is $55.88. Realty Income has a 12 month low of $50.71 and a 12 month high of $64.88.

Realty Income (NYSE:O) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The firm’s revenue was up 9.5% on a year-over-year basis. Analysts predict that Realty Income will post 4.19 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Lee Danner & Bass Inc. purchased a new position in Realty Income in the 4th quarter worth approximately $28,000. Hopwood Financial Services Inc. purchased a new stake in Realty Income in the fourth quarter worth $29,000. Sierra Ocean LLC bought a new stake in Realty Income in the fourth quarter worth $32,000. PSI Advisors LLC boosted its holdings in Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 252 shares in the last quarter. Finally, Millstone Evans Group LLC bought a new stake in Realty Income in the fourth quarter worth $34,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Company Profile

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.