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

Realty Income (NYSE:O - Get Free Report) had its price objective upped by analysts at Barclays from $56.00 to $59.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the real estate investment trust's stock. Barclays's price target would indicate a potential upside of 1.44% from the stock's previous close.

Other equities analysts also recently issued research reports about the company. Mizuho cut their target price on Realty Income from $60.00 to $54.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. BNP Paribas cut shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective on the stock. in a research report on Tuesday, February 25th. UBS Group lowered their target price on shares of Realty Income from $72.00 to $71.00 and set a "buy" rating for the company in a report on Thursday, November 14th. Royal Bank of Canada dropped their price target on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research report on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price objective on the stock. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $62.04.

Realty Income Price Performance

Realty Income stock traded up $0.40 during mid-day trading on Tuesday, reaching $58.16. 5,345,521 shares of the company's stock traded hands, compared to its average volume of 5,032,669. Realty Income has a 12-month low of $50.65 and a 12-month high of $64.88. 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 stock has a 50 day moving average of $54.43 and a two-hundred day moving average of $57.89. The company has a market cap of $51.85 billion, a price-to-earnings ratio of 55.39, a PEG ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O - Get Free Report) last announced its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The business had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Equities analysts forecast that Realty Income will post 4.19 earnings per share for the current year.

Hedge Funds Weigh In On Realty Income

Several institutional investors have recently made changes to their positions in O. Lee Danner & Bass Inc. bought a new position in Realty Income during the 4th quarter worth about $28,000. Hopwood Financial Services Inc. purchased a new stake in shares of Realty Income in the 4th quarter worth approximately $29,000. Sierra Ocean LLC bought a new position in shares of Realty Income during the fourth quarter valued at approximately $32,000. Millstone Evans Group LLC purchased a new position in Realty Income during the fourth quarter valued at approximately $34,000. Finally, Fourth Dimension Wealth LLC bought a new position in Realty Income in the fourth quarter worth approximately $34,000. Hedge funds and other 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.