UBS Group Cuts Realty Income (NYSE:O) Price Target to $62.00

Realty Income (NYSE:O) had its price objective trimmed by UBS Group from $64.00 to $62.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the real estate investment trust’s stock.

Other analysts have also recently issued research reports about the stock. BNP Paribas cut shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a report on Tuesday, February 25th. Scotiabank increased their price objective on shares of Realty Income from $57.00 to $58.00 and gave the stock a “sector perform” rating in a report on Monday. Stifel Nicolaus increased their target price on shares of Realty Income from $65.50 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. Barclays reiterated an “overweight” rating on shares of Realty Income in a research report on Tuesday, April 22nd. Finally, Mizuho increased their target price on shares of Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday, April 3rd. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $61.15.

Realty Income Price Performance

Shares of O stock opened at $55.32 on Tuesday. The company has a market capitalization of $49.96 billion, a PE ratio of 52.69, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78. The firm has a fifty day simple moving average of $56.31 and a 200-day simple moving average of $55.79. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income has a twelve month low of $50.71 and a twelve month high of $64.88.

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

Realty Income Dividend Announcement

The firm also recently disclosed a jun 25 dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be paid a $0.2685 dividend. The ex-dividend date is Monday, June 2nd. This represents a dividend yield of 5.8%. Realty Income’s dividend payout ratio is currently 292.73%.

Hedge Funds Weigh In On Realty Income

Hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new position in shares of Realty Income in the fourth quarter worth about $624,666,000. Raymond James Financial Inc. acquired a new position in shares of Realty Income in the fourth quarter worth about $553,572,000. Northern Trust Corp boosted its holdings in shares of Realty Income by 41.2% in the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust’s stock worth $701,792,000 after buying an additional 3,834,403 shares during the period. Nuveen LLC acquired a new position in shares of Realty Income in the first quarter worth about $207,573,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Realty Income by 2.4% in the first quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust’s stock worth $8,267,084,000 after buying an additional 3,274,853 shares during the period. Institutional investors and hedge funds 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.