Analysts at Huntington Sec assumed coverage on shares of Realty Income (NYSE:O – Get Free Report) in a research report issued on Monday, Zacks reports. The firm set a “strong-buy” rating on the real estate investment trust’s stock.
O has been the topic of a number of other reports. Royal Bank Of Canada lifted their target price on shares of Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday. Mizuho set a $187.00 price target on shares of Realty Income in a research note on Monday, October 19th. Huntington assumed coverage on shares of Realty Income in a research report on Wednesday, July 15th. They set an “outperform” rating and a $70.00 price target on the stock. Wells Fargo & Company decreased their price objective on Realty Income from $64.00 to $59.00 and set an “equal weight” rating on the stock in a report on Monday, October 19th. Finally, Scotiabank lowered Realty Income from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $67.00 to $59.00 in a research report on Wednesday, September 23rd. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.81.
Check Out Our Latest Stock Analysis on O
Realty Income Stock Down 0.1%
Shares of O opened at $57.53 on Monday. Realty Income has a 52-week low of $53.15 and a 52-week high of $67.93. The company has a market capitalization of $54.44 billion, a PE ratio of 39.68, a price-to-earnings-growth ratio of 4.50 and a beta of 0.65. The stock has a fifty day simple moving average of $57.29 and a two-hundred day simple moving average of $61.58. The company has a quick ratio of 5.88, a current ratio of 5.88 and a debt-to-equity ratio of 0.73.
Realty Income (NYSE:O – Get Free Report) last announced its quarterly earnings results on Monday, November 2nd. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. Realty Income had a net margin of 21.85% and a return on equity of 3.30%. The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the company posted $1.08 EPS. The company’s revenue was up 10.3% compared to the same quarter last year. As a group, equities analysts forecast that Realty Income will post 4.45 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in O. BlackRock Inc. acquired a new position in Realty Income in the second quarter valued at $6,997,219,000. Legal & General Group Plc purchased a new position in Realty Income during the second quarter worth about $643,334,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Realty Income by 22,051.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,354,693 shares of the real estate investment trust’s stock worth $641,577,000 after buying an additional 10,307,948 shares during the period. Bank of New York Mellon Corp purchased a new stake in Realty Income in the 2nd quarter valued at about $340,180,000. Finally, Hsbc Holdings PLC purchased a new stake in Realty Income in the 2nd quarter valued at about $319,222,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.
Key Stories Impacting Realty Income
Here are the key news stories impacting Realty Income this week:
- Positive Sentiment: Third-quarter adjusted funds from operations (AFFO) was $1.12 per share, up 3.7% year over year and ahead of the $1.11 consensus estimate. Revenue increased 10.3% to $1.62 billion, also topping expectations. Zacks Q3 results
- Positive Sentiment: Management raised 2026 AFFO guidance to $4.45–$4.46 per share and is targeting $10 billion in investments this year. The company invested $2.6 billion in the quarter at a 6.8% initial yield; European investments reached $940 million at a 7.1% cash yield. Investment target and guidance
- Positive Sentiment: Realty Income raised its monthly dividend again and has now made 676 consecutive monthly payments. Its dividend payout was about 73% of AFFO, offering evidence of coverage from operating cash flow. Dividend and cash-flow coverage
- Positive Sentiment: Royal Bank of Canada raised its price target to $61 and maintained an “outperform” rating; Wall Street brokerages collectively now rate the shares “Moderate Buy.” RBC analyst action
- Negative Sentiment: Despite portfolio expansion and high occupancy, AFFO per share growth was only 3.7%. That modest pace helps explain why strong quarterly results may not be enough to drive a stronger market reaction. Growth limitations
- Negative Sentiment: Higher U.S. borrowing costs remain a headwind: they can raise funding expenses and make it harder for Realty Income to invest at spreads that support attractive growth. Funding flexibility and borrowing costs
Realty Income Company Profile
Realty Income Corporation is a real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial properties. The company primarily invests in single-tenant properties that are leased to businesses under long-term, net lease agreements, under which tenants generally are responsible for property taxes, insurance and maintenance.
Its portfolio includes retail, grocery, convenience store, industrial, distribution and other commercial properties. Realty Income serves a broad range of tenants and seeks to generate recurring rental income through long-term leases.
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