Realty Income (NYSE:O) Price Target Cut to $71.00 by Analysts at UBS Group

Realty Income (NYSE:O) had its price target reduced by UBS Group from $72.00 to $71.00 in a research note released on Thursday,Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

O has been the topic of several other research reports. Morgan Stanley restated an “equal weight” rating and set a $62.00 price objective on shares of Realty Income in a report on Tuesday, August 6th. Scotiabank raised their price target on shares of Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 17th. Royal Bank of Canada decreased their price objective on Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Robert W. Baird raised their target price on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Finally, Wedbush assumed coverage on Realty Income in a report on Monday, August 19th. They set a “neutral” rating and a $64.00 price target for the company. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Realty Income currently has an average rating of “Hold” and a consensus price target of $63.85.

Realty Income Trading Up 0.6 %

O stock traded up $0.31 during mid-day trading on Thursday, reaching $56.38. The company’s stock had a trading volume of 2,974,152 shares, compared to its average volume of 5,666,169. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The business’s 50 day moving average price is $61.43 and its 200 day moving average price is $57.96. The company has a market cap of $49.34 billion, a price-to-earnings ratio of 53.70, a price-to-earnings-growth ratio of 4.00 and a beta of 0.99. Realty Income has a 12 month low of $50.65 and a 12 month high of $64.88.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 EPS 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 firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the business posted $1.02 EPS. The company’s revenue was up 28.1% on a year-over-year basis. On average, equities research analysts predict that Realty Income will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be issued a dividend of $0.2635 per share. This is a positive change from Realty Income’s previous monthly dividend of $0.24. This represents a $3.16 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date is Monday, December 2nd. Realty Income’s dividend payout ratio is currently 300.96%.

Insider Buying and Selling

In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction of $303,850.00. Following the sale, the director now owns 5,257 shares in the company, valued at approximately $319,467.89. The trade was a 48.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the transaction, the director now directly owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. This trade represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Realty Income

Several institutional investors and hedge funds have recently modified their holdings of O. Empowered Funds LLC boosted its position in shares of Realty Income by 48.4% during the 1st quarter. Empowered Funds LLC now owns 11,233 shares of the real estate investment trust’s stock valued at $608,000 after acquiring an additional 3,663 shares during the last quarter. Blair William & Co. IL raised its position in Realty Income by 15.3% in the 1st quarter. Blair William & Co. IL now owns 17,514 shares of the real estate investment trust’s stock worth $947,000 after purchasing an additional 2,321 shares during the period. Orion Portfolio Solutions LLC lifted its stake in Realty Income by 15.8% in the first quarter. Orion Portfolio Solutions LLC now owns 16,300 shares of the real estate investment trust’s stock worth $882,000 after purchasing an additional 2,220 shares during the last quarter. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Realty Income during the first quarter valued at approximately $230,000. Finally, Nwam LLC grew its position in Realty Income by 9.4% in the 1st quarter. Nwam LLC now owns 18,529 shares of the real estate investment trust’s stock valued at $1,018,000 after acquiring an additional 1,587 shares during the last quarter. 70.81% of the stock is currently 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.