Scotiabank Has Lowered Expectations for Realty Income (NYSE:O) Stock Price

Realty Income (NYSE:O) had its target price decreased by equities researchers at Scotiabank from $61.00 to $59.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target suggests a potential upside of 8.49% from the stock’s current price.

Other research analysts have also issued reports about the stock. Royal Bank of Canada decreased their price target on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price for the company. UBS Group reduced their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Barclays initiated coverage on Realty Income in a research report on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 target price on the stock. Finally, Mizuho lowered their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Twelve analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $62.12.

Realty Income Stock Up 2.3 %

NYSE:O traded up $1.21 during mid-day trading on Thursday, reaching $54.38. The stock had a trading volume of 2,739,299 shares, compared to its average volume of 4,847,560. The stock’s 50 day simple moving average is $55.09 and its two-hundred day simple moving average is $58.37. Realty Income has a 1-year low of $50.65 and a 1-year high of $64.88. The company has a market capitalization of $47.60 billion, a price-to-earnings ratio of 51.78, a price-to-earnings-growth ratio of 1.85 and a beta of 1.00. 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 issued 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). 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 the consensus estimate of $1.26 billion. During the same quarter last year, the firm posted $1.02 earnings per share. Realty Income’s revenue was up 28.1% compared to the same quarter last year. Equities analysts anticipate that Realty Income will post 4.19 EPS for the current year.

Institutional Investors Weigh In On Realty Income

A number of institutional investors and hedge funds have recently modified their holdings of the stock. ZWJ Investment Counsel Inc. boosted its holdings in shares of Realty Income by 0.6% in the third quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust’s stock worth $1,857,000 after buying an additional 164 shares during the period. Whittier Trust Co. grew its position in Realty Income by 4.5% during the 3rd quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust’s stock worth $245,000 after purchasing an additional 166 shares in the last quarter. Greenleaf Trust raised its stake in Realty Income by 1.0% during the 3rd quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust’s stock valued at $1,072,000 after purchasing an additional 170 shares during the period. Grove Bank & Trust boosted its position in shares of Realty Income by 14.3% in the third quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust’s stock worth $89,000 after buying an additional 176 shares during the period. Finally, Buckley Wealth Management LLC raised its position in Realty Income by 1.9% during the third quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust’s stock valued at $599,000 after buying an additional 176 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

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.