Realty Income (NYSE:O) Rating Reiterated by Wells Fargo & Company

Realty Income (NYSE:O)‘s stock had its “equal weight” rating restated by research analysts at Wells Fargo & Company in a report released on Tuesday, Benzinga reports. They presently have a $65.00 target price on the real estate investment trust’s stock, up from their prior target price of $62.00. Wells Fargo & Company‘s price target points to a potential upside of 4.15% from the stock’s previous close.

O has been the topic of a number of other research reports. Stifel Nicolaus raised their price target on Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. JPMorgan Chase & Co. raised their price target on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Morgan Stanley reissued an “equal weight” rating and issued a $62.00 target price on shares of Realty Income in a research report on Tuesday, August 6th. Royal Bank of Canada lifted their target price on Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, UBS Group lifted their target price on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Realty Income currently has a consensus rating of “Hold” and an average target price of $62.80.

Realty Income Trading Down 0.9 %

Shares of NYSE O opened at $62.41 on Tuesday. Realty Income has a 1-year low of $45.03 and a 1-year high of $63.60. The company has a market cap of $54.35 billion, a PE ratio of 57.79, a P/E/G ratio of 4.34 and a beta of 0.99. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average of $61.16 and a two-hundred day moving average of $56.26.

Realty Income (NYSE:O) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the business posted $1.00 EPS. Realty Income’s quarterly revenue was up 31.4% on a year-over-year basis. As a group, equities analysts expect that Realty Income will post 4.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value of $107,136.96. Following the sale, the director now owns 26,579 shares in the company, valued at approximately $1,663,313.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the sale, the director now owns 26,579 shares in the company, valued at approximately $1,663,313.82. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the sale, the director now owns 5,257 shares in the company, valued at approximately $319,467.89. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV raised its stake in shares of Realty Income by 3.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 16,858 shares of the real estate investment trust’s stock worth $1,069,000 after purchasing an additional 524 shares during the last quarter. First Financial Bank Trust Division purchased a new stake in shares of Realty Income in the third quarter worth approximately $2,394,000. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Realty Income by 117.4% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 630,500 shares of the real estate investment trust’s stock worth $33,303,000 after purchasing an additional 340,500 shares during the last quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group raised its stake in shares of Realty Income by 6.8% in the second quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group now owns 24,570 shares of the real estate investment trust’s stock worth $1,298,000 after purchasing an additional 1,568 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Realty Income in the second quarter worth approximately $8,200,000. 70.81% of the stock is owned by institutional investors and hedge funds.

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.