Royal Bank of Canada Issues Pessimistic Forecast for Realty Income (NYSE:O) Stock Price

Realty Income (NYSE:O) had its price target cut by investment analysts at Royal Bank of Canada from $62.00 to $60.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 6.03% from the company’s current price.

A number of other equities research analysts have also recently weighed in on O. Deutsche Bank Aktiengesellschaft began 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. UBS Group cut 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. Stifel Nicolaus decreased their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Barclays lowered their price target on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Finally, Scotiabank reduced their price objective on Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. Eleven investment 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 currently has a consensus rating of “Hold” and an average target price of $61.96.

Realty Income Stock Performance

Shares of O opened at $56.59 on Wednesday. The company has a market cap of $49.52 billion, a PE ratio of 53.89, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The firm has a 50-day moving average of $54.16 and a 200-day moving average of $57.97. 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 current ratio of 1.40 and a quick ratio of 1.40.

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 analysts’ consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. As a group, equities analysts forecast that Realty Income will post 4.19 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of O. Allspring Global Investments Holdings LLC lifted its holdings in shares of Realty Income by 1.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 41,570 shares of the real estate investment trust’s stock worth $2,636,000 after acquiring an additional 677 shares during the last quarter. International Assets Investment Management LLC increased its position in Realty Income by 2,938.5% during the 3rd quarter. International Assets Investment Management LLC now owns 301,572 shares of the real estate investment trust’s stock worth $19,126,000 after purchasing an additional 291,647 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Realty Income by 7.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 149,273 shares of the real estate investment trust’s stock valued at $9,467,000 after buying an additional 10,287 shares in the last quarter. abrdn plc grew its stake in shares of Realty Income by 15.4% during the third quarter. abrdn plc now owns 1,282,800 shares of the real estate investment trust’s stock worth $81,079,000 after buying an additional 171,236 shares during the last quarter. Finally, MONECO Advisors LLC acquired a new position in shares of Realty Income during the third quarter worth $310,000. Institutional investors and hedge funds 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.