By otakuyassine3@gmail.com 
Realty Income (NYSE:O – Get Free Report)‘s stock had its “outperform” rating restated by investment analysts at Royal Bank of Canada in a research report issued on Monday,Benzinga reports. They presently have a $62.00 price target on the real estate investment trust’s stock. Royal Bank of Canada’s price target suggests a potential upside of 11.39% from the company’s current price.
Other equities analysts have also recently issued research reports about the stock. Scotiabank decreased their price objective on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Barclays initiated coverage on shares of Realty Income in a research note on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 target price for the company. 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. Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target on the stock. Finally, UBS Group decreased their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $62.04.
View Our Latest Stock Report on Realty Income
Realty Income Price Performance
NYSE:O traded up $1.32 during mid-day trading on Monday, hitting $55.66. 3,502,044 shares of the stock traded hands, compared to its average volume of 4,792,177. 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 company has a market cap of $48.72 billion, a PE ratio of 53.00, a price-to-earnings-growth ratio of 1.93 and a beta of 1.00. The business’s 50-day moving average price is $54.68 and its 200 day moving average price is $58.46.
Realty Income (NYSE:O – Get Free Report) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the business earned $1.02 earnings per share. The company’s revenue for the quarter was up 28.1% compared to the same quarter last year. On average, analysts expect that Realty Income will post 4.19 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Trust Co. of Vermont boosted its holdings in shares of Realty Income by 12.7% in the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock worth $13,540,000 after purchasing an additional 28,480 shares during the period. Atlanta Consulting Group Advisors LLC bought a new position in Realty Income during the third quarter valued at $896,000. Code Waechter LLC purchased a new stake in shares of Realty Income in the third quarter valued at $1,308,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Realty Income by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock worth $617,028,000 after acquiring an additional 463,286 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of Realty Income by 1.4% during the 3rd 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 during the period. 70.81% of the stock is currently owned by institutional investors.
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.
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