Realty Income (NYSE:O) Price Target Cut to $57.00 by Analysts at Scotiabank

Realty Income (NYSE:O) had its target price decreased by Scotiabank from $59.00 to $57.00 in a research report sent to investors on Friday,Benzinga reports. Scotiabank currently has a sector perform rating on the real estate investment trust’s stock.

A number of other equities analysts also recently commented on O. UBS Group cut their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Stifel Nicolaus cut their target price 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. Royal Bank of Canada cut their target price on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday. BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target for the company. in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target for the company. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $61.81.

Realty Income Stock Performance

NYSE:O opened at $57.03 on Friday. 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 $49.91 billion, a P/E ratio of 54.31, a P/E/G ratio of 2.10 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 firm’s 50 day moving average is $54.25 and its two-hundred day moving average is $57.95.

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

Realty Income Increases Dividend

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

Institutional Investors Weigh In On Realty Income

A number of institutional investors have recently modified their holdings of O. Strategic Blueprint LLC bought a new stake in shares of Realty Income during the 3rd quarter valued at about $204,000. Fidelis Capital Partners LLC bought a new stake in shares of Realty Income during the 3rd quarter valued at about $213,000. JFS Wealth Advisors LLC grew its position in shares of Realty Income by 472.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 3,599 shares of the real estate investment trust’s stock valued at $228,000 after buying an additional 2,970 shares during the last quarter. Financial Advocates Investment Management boosted its stake in Realty Income by 7.6% during the 3rd quarter. Financial Advocates Investment Management now owns 8,349 shares of the real estate investment trust’s stock valued at $529,000 after purchasing an additional 591 shares during the period. Finally, US Bancorp DE boosted its stake in Realty Income by 3.3% during the 3rd quarter. US Bancorp DE now owns 141,506 shares of the real estate investment trust’s stock valued at $8,974,000 after purchasing an additional 4,516 shares during the period. Institutional investors own 70.81% of the company’s stock.

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.