Realty Income (NYSE:O – Get Free Report) had its price objective increased by stock analysts at Scotiabank from $69.00 to $72.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s price objective indicates a potential upside of 15.05% from the stock’s previous close.
Several other brokerages also recently issued reports on O. Freedom Capital upgraded Realty Income from a “hold” rating to a “strong-buy” rating in a report on Monday. Evercore reiterated a “positive” rating on shares of Realty Income in a report on Wednesday, February 25th. Loop Capital set a $69.00 price target on Realty Income in a report on Monday, March 2nd. Stifel Nicolaus increased their price target on Realty Income from $67.75 to $70.50 and gave the company a “buy” rating in a report on Wednesday, February 25th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Realty Income in a report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $67.50.
Realty Income Trading Up 0.4%
Realty Income (NYSE:O – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.39 billion. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.06 EPS. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. On average, research analysts anticipate that Realty Income will post 4.43 EPS for the current year.
Insider Buying and Selling at Realty Income
In other news, insider Michelle Bushore sold 7,400 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $62.42, for a total transaction of $461,908.00. Following the completion of the sale, the insider directly owned 67,641 shares in the company, valued at $4,222,151.22. This trade represents a 9.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Realty Income
Several large investors have recently modified their holdings of the stock. ProShare Advisors LLC boosted its stake in Realty Income by 5.3% in the third quarter. ProShare Advisors LLC now owns 3,067,894 shares of the real estate investment trust’s stock valued at $186,497,000 after acquiring an additional 155,677 shares during the period. Allied Investment Advisors LLC acquired a new position in Realty Income in the third quarter valued at approximately $10,870,000. J. Safra Sarasin Holding AG acquired a new position in Realty Income in the third quarter valued at approximately $26,175,000. Pensionfund PDN acquired a new position in Realty Income in the fourth quarter valued at approximately $7,434,000. Finally, Vanguard Group Inc. boosted its stake in Realty Income by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust’s stock valued at $8,478,910,000 after acquiring an additional 684,949 shares during the period. Institutional investors own 70.81% of the company’s stock.
Realty Income Company Profile
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.
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