Mizuho Issues Pessimistic Forecast for Realty Income (NYSE:O) Stock Price

Realty Income (NYSE:O - Free Report) had its price objective reduced by Mizuho from $60.00 to $54.00 in a report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the real estate investment trust's stock.

O has been the topic of several other reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a "hold" rating and a $62.00 price objective on the stock. Barclays initiated coverage on Realty Income in a research report on Tuesday, December 17th. They set an "equal weight" rating and a $59.00 price objective for the company. 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. Stifel Nicolaus cut their target price on shares of Realty Income from $70.50 to $70.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Finally, Scotiabank upped their price target on shares of Realty Income from $61.00 to $64.00 and gave the stock a "sector perform" rating in a research note on Tuesday, September 17th. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $62.50.

Realty Income Stock Performance

Shares of O traded down $0.07 during midday trading on Wednesday, hitting $52.44. 4,722,661 shares of the stock traded hands, compared to its average volume of 5,109,354. The business's 50 day moving average price is $55.62 and its two-hundred day moving average price is $58.35. The firm has a market capitalization of $45.90 billion, a PE ratio of 49.94, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. 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 released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $1.05 by ($0.75). The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm's quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.02 earnings per share. Equities research analysts predict that Realty Income will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a jan 25 dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.264 per share. The ex-dividend date is Thursday, January 2nd. This is an increase from Realty Income's previous jan 25 dividend of $0.26. This represents a yield of 5.7%. Realty Income's dividend payout ratio (DPR) is 300.95%.

Institutional Investors Weigh In On Realty Income

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lantz Financial LLC bought a new position in Realty Income in the 2nd quarter valued at approximately $234,000. Savant Capital LLC boosted its position in shares of Realty Income by 31.0% during the 2nd quarter. Savant Capital LLC now owns 19,729 shares of the real estate investment trust's stock valued at $1,042,000 after purchasing an additional 4,663 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Realty Income in the 2nd quarter valued at $1,491,000. Quest Partners LLC raised its holdings in shares of Realty Income by 9,558.3% during the second quarter. Quest Partners LLC now owns 2,318 shares of the real estate investment trust's stock valued at $122,000 after purchasing an additional 2,294 shares during the period. Finally, Prudential PLC boosted its holdings in Realty Income by 42.4% in the second quarter. Prudential PLC now owns 14,103 shares of the real estate investment trust's stock worth $745,000 after acquiring an additional 4,201 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

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.