Realty Income (NYSE:O) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Equities researchers at Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income (NYSE:O - Get Free Report) in a research note issued to investors on Wednesday, MarketBeat reports. The brokerage set a "hold" rating and a $62.00 price target on the real estate investment trust's stock. Deutsche Bank Aktiengesellschaft's target price indicates a potential upside of 12.05% from the company's previous close.

Several other research analysts have also weighed in on O. JPMorgan Chase & Co. raised their price objective on shares of Realty Income from $60.00 to $67.00 and gave the stock a "neutral" rating in a report on Tuesday, September 3rd. Royal Bank of Canada decreased their price target on Realty Income from $67.00 to $63.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Wedbush started coverage on Realty Income in a research note on Monday, August 19th. They set a "neutral" rating and a $64.00 price objective on the stock. Wells Fargo & Company reiterated an "equal weight" rating and issued a $65.00 target price (up previously from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Finally, Scotiabank upped their price target on Realty Income from $61.00 to $64.00 and gave the company a "sector perform" rating in a research report on Tuesday, September 17th. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $63.54.

Realty Income Stock Down 0.8 %

Shares of O stock traded down $0.45 on Wednesday, hitting $55.33. The stock had a trading volume of 6,621,890 shares, compared to its average volume of 5,580,119. Realty Income has a 52-week low of $50.65 and a 52-week high of $64.88. The firm has a market capitalization of $48.43 billion, a price-to-earnings ratio of 52.65, a P/E/G ratio of 3.95 and a beta of 0.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The stock's 50 day moving average is $59.45 and its 200-day moving average is $58.32.

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

Institutional Trading of Realty Income

Several hedge funds have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Realty Income by 765.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust's stock worth $478,556,000 after acquiring an additional 6,673,617 shares during the period. Raymond James & Associates raised its stake in shares of Realty Income by 92.4% during the third quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust's stock valued at $410,932,000 after purchasing an additional 3,112,560 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Realty Income by 3,150.5% in the third quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust's stock worth $175,142,000 after purchasing an additional 2,675,266 shares during the period. Parnassus Investments LLC grew its position in Realty Income by 7.4% in the 3rd quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust's stock valued at $1,550,506,000 after buying an additional 1,676,293 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in Realty Income by 102.1% during the 3rd quarter. Bank of Montreal Can now owns 2,191,962 shares of the real estate investment trust's stock valued at $137,502,000 after buying an additional 1,107,493 shares during the period. 70.81% of the stock is currently owned by 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.