Barclays Cuts Realty Income (NYSE:O) Price Target to $56.00

Realty Income (NYSE:O) had its price objective reduced by investment analysts at Barclays from $59.00 to $56.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s price target suggests a potential upside of 2.81% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 target price on shares of Realty Income in a research note on Monday, January 27th. Stifel Nicolaus dropped their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report 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. Scotiabank dropped their price objective on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. Finally, Mizuho reduced their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and a consensus target price of $61.81.

Realty Income Stock Up 0.8 %

NYSE O opened at $54.47 on Tuesday. The business has a fifty day moving average price of $54.31 and a two-hundred day moving average price of $58.37. The stock has a market capitalization of $47.67 billion, a PE ratio of 51.87, a PEG ratio of 1.96 and a beta of 1.00. Realty Income has a fifty-two week low of $50.65 and a fifty-two week 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, 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). The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.02 earnings per share. Equities analysts expect that Realty Income will post 4.19 earnings per share for the current fiscal year.

Institutional Trading of Realty Income

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Realty Income by 765.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust’s stock valued at $478,556,000 after acquiring an additional 6,673,617 shares during the period. Raymond James & Associates lifted its holdings in shares of Realty Income by 92.4% in the 3rd quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust’s stock worth $410,932,000 after purchasing an additional 3,112,560 shares in the last quarter. Janus Henderson Group PLC grew its position in Realty Income by 3,150.5% in the 3rd quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust’s stock valued at $175,142,000 after purchasing an additional 2,675,266 shares during the period. Parnassus Investments LLC increased its stake in Realty Income by 7.4% during 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 in the last quarter. Finally, Bank of Montreal Can raised its holdings in Realty Income by 102.1% during the third quarter. Bank of Montreal Can now owns 2,191,962 shares of the real estate investment trust’s stock worth $137,502,000 after buying an additional 1,107,493 shares during 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.