Barclays Lowers Realty Income (NYSE:O) Price Target to $58.00

Realty Income (NYSE:O - Get Free Report) had its target price dropped by Barclays from $59.00 to $58.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the real estate investment trust's stock. Barclays's target price indicates a potential downside of 0.81% from the company's previous close.

O has been the topic of several other reports. Stifel Nicolaus reduced their price target on Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Mizuho lifted their price target on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. Royal Bank of Canada reduced their price objective on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Scotiabank dropped 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. Finally, BNP Paribas downgraded 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, February 25th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Realty Income currently has an average rating of "Hold" and a consensus price target of $62.35.

Realty Income Stock Performance

Shares of NYSE:O traded up $0.51 during midday trading on Tuesday, reaching $58.47. 2,062,244 shares of the company traded hands, compared to its average volume of 5,256,008. The firm's fifty day moving average price is $56.27 and its two-hundred day moving average price is $56.45. The firm has a market capitalization of $52.14 billion, a price-to-earnings ratio of 55.64, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income has a 12 month low of $50.71 and a 12 month high of $64.88.

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 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 company had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.28 billion. On average, equities analysts expect that Realty Income will post 4.19 earnings per share for the current year.

Institutional Investors Weigh In On Realty Income

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Realty Income in the fourth quarter valued at approximately $624,666,000. Raymond James Financial Inc. purchased a new position in shares of Realty Income during the fourth quarter valued at $553,572,000. Northern Trust Corp raised its holdings in shares of Realty Income by 41.2% in the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock valued at $701,792,000 after acquiring an additional 3,834,403 shares in the last quarter. California Public Employees Retirement System grew its holdings in Realty Income by 26.7% during the 4th quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust's stock worth $205,628,000 after acquiring an additional 811,037 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Realty Income by 6,002.1% during the 1st quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust's stock worth $40,988,000 after acquiring an additional 694,983 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

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.

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