Realty Income (NYSE:O) Cut to Neutral at Mizuho

Realty Income (NYSE:O) was downgraded by equities research analysts at Mizuho from an “outperform” rating to a “neutral” rating in a research report issued on Thursday,Briefing.com Automated Import reports. They presently have a $60.00 price target on the real estate investment trust’s stock, down from their prior price target of $64.00. Mizuho’s price target would indicate a potential upside of 5.43% from the company’s current price.

Other equities analysts have also issued research reports about the stock. UBS Group increased their price objective on shares of Realty Income from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Scotiabank increased their price objective on shares of Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 17th. Wells Fargo & Company restated an “equal weight” rating and issued a $65.00 target price (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Wedbush initiated coverage on shares of Realty Income in a report on Monday, August 19th. They issued a “neutral” rating and a $64.00 target price for the company. Finally, JPMorgan Chase & Co. raised their target price on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $63.92.

Realty Income Stock Performance

O opened at $56.91 on Thursday. The stock has a market capitalization of $49.81 billion, a price-to-earnings ratio of 54.20, a PEG ratio of 4.01 and a beta of 0.99. The company has a fifty day moving average of $61.67 and a 200 day moving average of $57.98. Realty Income has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business’s revenue was up 28.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.02 earnings per share. As a group, sell-side analysts forecast that Realty Income will post 4.19 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 firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the transaction, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the transaction, the director now owns 5,257 shares of the company’s stock, valued at $319,467.89. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the transaction, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Institutional Trading of Realty Income

A number of institutional investors have recently bought and sold shares of O. Empowered Funds LLC boosted its stake in Realty Income by 48.4% in the 1st quarter. Empowered Funds LLC now owns 11,233 shares of the real estate investment trust’s stock worth $608,000 after purchasing an additional 3,663 shares in the last quarter. Blair William & Co. IL lifted its stake in Realty Income by 15.3% during the 1st quarter. Blair William & Co. IL now owns 17,514 shares of the real estate investment trust’s stock valued at $947,000 after acquiring an additional 2,321 shares during the period. Orion Portfolio Solutions LLC lifted its stake in Realty Income by 15.8% during the 1st quarter. Orion Portfolio Solutions LLC now owns 16,300 shares of the real estate investment trust’s stock valued at $882,000 after acquiring an additional 2,220 shares during the period. Dorsey & Whitney Trust CO LLC acquired a new stake in Realty Income during the 1st quarter valued at approximately $230,000. Finally, Nwam LLC lifted its stake in Realty Income by 9.4% during the 1st quarter. Nwam LLC now owns 18,529 shares of the real estate investment trust’s stock valued at $1,018,000 after acquiring an additional 1,587 shares during the period. 70.81% of the stock is currently 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.