UBS Group Increases Realty Income (NYSE:O) Price Target to $72.00

Realty Income (NYSE:O - Free Report) had its price target increased by UBS Group from $70.00 to $72.00 in a research report report published on Wednesday, Benzinga reports. UBS Group currently has a buy rating on the real estate investment trust's stock.

A number of other research analysts have also weighed in on O. Stifel Nicolaus raised their price target on shares of Realty Income from $67.50 to $70.25 and gave the company a "buy" rating in a research note on Wednesday, August 28th. Morgan Stanley restated an "equal weight" rating and issued a $62.00 price objective on shares of Realty Income in a report on Tuesday, August 6th. Scotiabank increased their target price on shares of Realty Income from $61.00 to $64.00 and gave the company a "sector perform" rating in a research report on Tuesday, September 17th. Robert W. Baird boosted their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 6th. Finally, Wells Fargo & Company reiterated an "equal weight" rating and issued a $65.00 price objective (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $63.94.

Realty Income Stock Performance

NYSE O traded up $0.89 during trading hours on Wednesday, reaching $64.25. The stock had a trading volume of 3,615,979 shares, compared to its average volume of 5,737,004. Realty Income has a 52-week low of $45.03 and a 52-week high of $64.30. The stock has a fifty day moving average of $61.79 and a 200 day moving average of $56.87. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market cap of $55.95 billion, a P/E ratio of 59.31, a price-to-earnings-growth ratio of 4.30 and a beta of 0.99.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.07). The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. Realty Income had a return on equity of 2.36% and a net margin of 17.89%. Realty Income's revenue for the quarter was up 31.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 earnings per share. Sell-side analysts predict that Realty Income will post 4.2 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently declared a nov 24 dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a $0.2635 dividend. The ex-dividend date is Friday, November 1st. This represents a yield of 5.1%. Realty Income's dividend payout ratio is currently 292.59%.

Insider Activity

In other news, Director Mary Hogan Preusse sold 1,712 shares of the company's stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the transaction, the director now directly owns 26,579 shares of the company's stock, valued at approximately $1,663,313.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Mary Hogan Preusse sold 1,712 shares of the business's stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the sale, the director now owns 26,579 shares in the company, valued at approximately $1,663,313.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the transaction, the director now directly owns 5,257 shares in the company, valued at $319,467.89. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

Institutional Investors Weigh In On Realty Income

Institutional investors and hedge funds have recently made changes to their positions in the business. Pacifica Partners Inc. increased its stake in shares of Realty Income by 444.4% during the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 400 shares during the period. Northwest Investment Counselors LLC acquired a new position in Realty Income during the first quarter worth $27,000. Bell Investment Advisors Inc raised its position in Realty Income by 69.6% in the first quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 217 shares in the last quarter. MFA Wealth Advisors LLC acquired a new position in shares of Realty Income during the 2nd quarter worth $33,000. Finally, Riverview Trust Co purchased a new position in Realty Income in the first quarter valued at about $34,000. 70.81% of the stock is 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.