Realty Income (NYSE:O) Price Target Cut to $56.00 by Analysts at Barclays

Realty Income (NYSE:O) had its target price cut by Barclays from $59.00 to $56.00 in a research note published on Tuesday,Benzinga reports. They currently have an equal weight rating on the real estate investment trust’s stock.

Several other analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target for the company. Mizuho reduced their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. UBS Group lowered their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Stifel Nicolaus reduced their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $62.00 target price on shares of Realty Income in a research note on Monday, January 27th. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $61.81.

Realty Income Price Performance

NYSE O opened at $54.08 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income has a 1-year low of $50.65 and a 1-year high of $64.88. The stock has a market capitalization of $47.33 billion, a price-to-earnings ratio of 51.50, a PEG ratio of 1.96 and a beta of 1.00. The business’s fifty day moving average price is $54.39 and its 200-day moving average price is $58.39.

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

Realty Income Dividend Announcement

The firm also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a $0.264 dividend. This represents a yield of 5.9%. The ex-dividend date of this dividend is Monday, February 3rd. Realty Income’s dividend payout ratio is presently 301.91%.

Institutional Investors Weigh In On Realty Income

Several large investors have recently added to or reduced their stakes in O. Trust Co. of Vermont lifted its holdings in Realty Income by 12.7% during the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock valued at $13,540,000 after buying an additional 28,480 shares in the last quarter. Atlanta Consulting Group Advisors LLC purchased a new position in shares of Realty Income during the third quarter worth approximately $896,000. Code Waechter LLC bought a new stake in shares of Realty Income during the third quarter valued at approximately $1,308,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Realty Income by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock valued at $617,028,000 after purchasing an additional 463,286 shares during the period. Finally, Swiss National Bank grew its stake in Realty Income by 1.4% in the third quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock worth $163,921,000 after purchasing an additional 35,100 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

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.