Realty Income (NYSE:O) Price Target Raised to $59.00

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

Several other equities research analysts have also commented on O. UBS Group reduced their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective on the stock. Stifel Nicolaus cut their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Scotiabank cut their price objective on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. Finally, BNP Paribas downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research report on Tuesday, February 25th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $62.04.

Realty Income Trading Down 1.2 %

NYSE:O opened at $57.41 on Tuesday. Realty Income has a one year low of $50.65 and a one year 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. The firm has a market cap of $51.18 billion, a P/E ratio of 54.67, a P/E/G ratio of 2.10 and a beta of 1.00. The firm has a 50-day simple moving average of $54.62 and a 200-day simple moving average of $57.89.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Equities analysts anticipate that Realty Income will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently disclosed a mar 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a $0.268 dividend. This is an increase from Realty Income’s previous mar 25 dividend of $0.26. This represents a dividend yield of 5.7%. The ex-dividend date is Monday, March 3rd. Realty Income’s dividend payout ratio is 327.55%.

Institutional Trading of Realty Income

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Realty Income by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust’s stock valued at $7,436,622,000 after purchasing an additional 555,908 shares during the period. Parnassus Investments LLC lifted its stake in shares of Realty Income by 7.4% in the 3rd 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 purchasing an additional 1,676,293 shares during the period. Geode Capital Management LLC lifted its stake in shares of Realty Income by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust’s stock valued at $1,253,584,000 after purchasing an additional 658,240 shares during the period. Northern Trust Corp lifted its stake in shares of Realty Income by 41.2% in the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust’s stock valued at $701,792,000 after purchasing an additional 3,834,403 shares during the period. Finally, Norges Bank acquired a new position in shares of Realty Income in the 4th quarter valued at $624,666,000. 70.81% of the stock is owned by hedge funds and other 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.