Realty Income (NYSE:O) Now Covered by Analysts at Barclays

Research analysts at Barclays started coverage on shares of Realty Income (NYSE:O - Get Free Report) in a note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage set an "equal weight" rating and a $59.00 price target on the real estate investment trust's stock. Barclays's price target would suggest a potential upside of 8.22% from the stock's previous close.

Several other brokerages also recently issued reports on O. Royal Bank of Canada cut their price objective on shares of Realty Income from $67.00 to $63.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. JPMorgan Chase & Co. increased their price objective on Realty Income from $60.00 to $67.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 3rd. UBS Group decreased their price target on shares of Realty Income from $72.00 to $71.00 and set a "buy" rating on the stock in a research note on Thursday, November 14th. Wedbush started coverage on shares of Realty Income in a research note on Monday, August 19th. They issued a "neutral" rating and a $64.00 price objective for the company. Finally, Wells Fargo & Company restated an "equal weight" rating and set a $65.00 target price (up previously from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $63.23.

Realty Income Stock Down 0.1 %

Shares of O traded down $0.06 during mid-day trading on Tuesday, hitting $54.52. 4,946,883 shares of the company's stock were exchanged, compared to its average volume of 5,564,044. Realty Income has a 52 week low of $50.65 and a 52 week high of $64.88. The company has a 50-day simple moving average of $58.89 and a 200 day simple moving average of $58.42. The company has a market cap of $47.72 billion, a PE ratio of 52.00, a P/E/G ratio of 2.05 and a beta of 0.98. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the firm earned $1.02 EPS. The firm's revenue for the quarter was up 28.1% compared to the same quarter last year. On average, research analysts forecast that Realty Income will post 4.2 earnings per share for the current fiscal year.

Institutional Trading of Realty Income

A number of hedge funds have recently bought and sold shares of the business. Rosenberg Matthew Hamilton raised its stake in shares of Realty Income by 75.4% in the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 211 shares during the period. Creative Capital Management Investments LLC raised its stake in Realty Income by 133.3% in the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 300 shares during the period. Headlands Technologies LLC purchased a new stake in Realty Income during the second quarter valued at about $42,000. 1620 Investment Advisors Inc. bought a new position in Realty Income during the second quarter worth about $42,000. Finally, Pacifica Partners Inc. increased its stake in shares of Realty Income by 89.2% in the third quarter. Pacifica Partners Inc. now owns 927 shares of the real estate investment trust's stock worth $59,000 after purchasing an additional 437 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

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.