Realty Income (NYSE:O) Price Target Raised to $59.00

Realty Income (NYSE:O) had its price target raised by investment analysts at Mizuho from $54.00 to $59.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price target would indicate a potential upside of 3.12% from the stock’s current price.

Other equities analysts have also issued research reports about the company. BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research note on Tuesday, February 25th. Scotiabank reduced their price target on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. Royal Bank of Canada decreased their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Barclays boosted their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. 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 objective on the stock. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Realty Income currently has a consensus rating of “Hold” and a consensus price target of $62.42.

Realty Income Trading Up 0.2 %

Shares of O stock traded up $0.10 on Thursday, reaching $57.22. 2,289,483 shares of the company’s stock were exchanged, compared to its average volume of 5,136,253. The company’s fifty day simple moving average is $55.96 and its 200 day simple moving average is $57.17. Realty Income has a 52 week low of $50.65 and a 52 week high of $64.88. 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 stock has a market capitalization of $51.02 billion, a PE ratio of 54.54, a P/E/G ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last announced its quarterly earnings data 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 the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. As a group, analysts forecast that Realty Income will post 4.19 EPS for the current year.

Hedge Funds Weigh In On Realty Income

Institutional investors and hedge funds have recently modified their holdings of the business. Centiva Capital LP purchased a new position in shares of Realty Income during the 3rd quarter valued at approximately $406,000. Hilltop Holdings Inc. lifted its holdings in Realty Income by 131.4% during the third quarter. Hilltop Holdings Inc. now owns 17,956 shares of the real estate investment trust’s stock valued at $1,139,000 after purchasing an additional 10,196 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Realty Income by 22.6% in the third quarter. HighTower Advisors LLC now owns 373,913 shares of the real estate investment trust’s stock valued at $23,713,000 after purchasing an additional 68,990 shares during the period. Investment Management Corp of Ontario increased its stake in shares of Realty Income by 50.4% during the third quarter. Investment Management Corp of Ontario now owns 28,940 shares of the real estate investment trust’s stock worth $1,835,000 after purchasing an additional 9,700 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in shares of Realty Income by 2.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 40,129 shares of the real estate investment trust’s stock worth $2,545,000 after purchasing an additional 923 shares during the last quarter. Hedge funds and other institutional investors 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.