UBS Group Has Lowered Expectations for Realty Income (NYSE:O) Stock Price

Realty Income (NYSE:O) had its price target lowered by UBS Group from $72.00 to $71.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. UBS Group’s price objective indicates a potential upside of 25.60% from the stock’s previous close.

Several other research firms also recently issued reports on O. Wells Fargo & Company reiterated an “equal weight” rating and set a $65.00 price target (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Royal Bank of Canada reduced their price objective on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Morgan Stanley reiterated an “equal weight” rating and issued a $62.00 target price on shares of Realty Income in a report on Tuesday, August 6th. Scotiabank upped their price target on shares of Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a report on Tuesday, September 17th. Finally, Mizuho cut Realty Income from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $64.00 to $60.00 in a research report on Thursday. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Realty Income has an average rating of “Hold” and an average target price of $63.85.

Realty Income Trading Up 0.8 %

Realty Income stock opened at $56.53 on Thursday. Realty Income has a 12 month low of $50.65 and a 12 month high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market cap of $49.48 billion, a P/E ratio of 53.84, a P/E/G ratio of 4.00 and a beta of 0.99. The company’s fifty day simple moving average is $61.31 and its 200-day simple moving average is $57.98.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.02 EPS. As a group, sell-side analysts forecast that Realty Income will post 4.19 EPS for the current fiscal year.

Insider Activity

In other news, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction that occurred on 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 directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. This represents a 6.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was 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. This trade represents a 48.75 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Realty Income

Several large investors have recently made changes to their positions in O. Vanguard Group Inc. boosted its stake in Realty Income by 18.3% in the first quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock worth $7,290,982,000 after purchasing an additional 20,848,560 shares in the last quarter. Parnassus Investments LLC raised its holdings in shares of Realty Income by 7.4% in the third quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock valued at $1,550,506,000 after buying an additional 1,676,293 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Realty Income by 1.1% in the third quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust’s stock valued at $1,445,036,000 after buying an additional 242,786 shares during the last quarter. Legal & General Group Plc lifted its position in Realty Income by 4.5% during the 2nd quarter. Legal & General Group Plc now owns 12,258,468 shares of the real estate investment trust’s stock worth $647,492,000 after buying an additional 531,008 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Realty Income by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,682,105 shares of the real estate investment trust’s stock worth $617,043,000 after acquiring an additional 413,865 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

About Realty Income

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.