Realty Income (NYSE:O) Stock Price Expected to Rise, Barclays Analyst Says

Realty Income (NYSE:O - Get Free Report) had its target price boosted by analysts at Barclays from $56.00 to $59.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an "equal weight" rating on the real estate investment trust's stock. Barclays's target price would indicate a potential upside of 1.44% from the stock's current price.

Several other research analysts have also weighed in on O. UBS Group reduced their target price on Realty Income from $72.00 to $71.00 and set a "buy" rating on the stock in a report on Thursday, November 14th. Royal Bank of Canada reduced their target price on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a report on Wednesday, December 11th. They set a "hold" rating and a $62.00 target price on the stock. Stifel Nicolaus reduced their target price on Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Finally, Scotiabank reduced their target price on Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Realty Income currently has a consensus rating of "Hold" and a consensus price target of $62.04.

Realty Income Price Performance

O stock traded up $0.40 during midday trading on Tuesday, reaching $58.16. 5,365,780 shares of the company's stock traded hands, compared to its average volume of 5,070,082. 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. 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 50-day simple moving average of $54.43 and a two-hundred day simple moving average of $57.89. Realty Income has a 1-year low of $50.65 and a 1-year high of $64.88.

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

Institutional Investors Weigh In On Realty Income

Institutional investors have recently made changes to their positions in the company. Castle Rock Wealth Management LLC boosted its stake in shares of Realty Income by 4.3% in the fourth quarter. Castle Rock Wealth Management LLC now owns 31,592 shares of the real estate investment trust's stock valued at $1,721,000 after buying an additional 1,309 shares during the period. Comprehensive Money Management Services LLC bought a new stake in shares of Realty Income in the fourth quarter valued at approximately $320,000. Siemens Fonds Invest GmbH boosted its stake in shares of Realty Income by 39.9% in the fourth quarter. Siemens Fonds Invest GmbH now owns 15,303 shares of the real estate investment trust's stock valued at $817,000 after buying an additional 4,365 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Realty Income in the fourth quarter valued at approximately $24,666,000. Finally, Employees Retirement System of Texas boosted its stake in shares of Realty Income by 19.0% in the fourth quarter. Employees Retirement System of Texas now owns 488,183 shares of the real estate investment trust's stock valued at $26,074,000 after buying an additional 78,000 shares during the period. 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.