Realty Income (NYSE:O) Downgraded to "Neutral" Rating by Mizuho

Realty Income (NYSE:O - Get Free Report) was downgraded by analysts at Mizuho from an "outperform" rating to a "neutral" rating in a note issued to investors on Thursday, Marketbeat reports. They presently have a $60.00 price target on the real estate investment trust's stock, down from their previous price target of $64.00. Mizuho's target price would suggest a potential upside of 6.12% from the stock's current price.

O has been the topic of a number of other reports. Scotiabank raised their target price on shares of Realty Income from $61.00 to $64.00 and gave the stock a "sector perform" rating in a research report on Tuesday, September 17th. Wells Fargo & Company reiterated an "equal weight" rating and set a $65.00 price objective (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Stifel Nicolaus dropped their price objective on shares of Realty Income from $70.50 to $70.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Robert W. Baird increased their price objective on shares of Realty Income from $57.00 to $58.00 and gave the company a "neutral" rating in a research note on Tuesday, August 6th. Finally, Royal Bank of Canada dropped their price objective on shares of Realty Income from $67.00 to $63.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Realty Income has a consensus rating of "Hold" and a consensus target price of $63.85.

Realty Income Price Performance

Realty Income stock traded down $0.36 during mid-day trading on Thursday, hitting $56.54. The stock had a trading volume of 3,081,157 shares, compared to its average volume of 5,668,807. The firm's 50 day moving average is $61.56 and its 200 day moving average is $57.98. Realty Income has a one year low of $50.65 and a one year high of $64.88. The firm has a market capitalization of $49.48 billion, a P/E ratio of 53.35, a P/E/G ratio of 4.01 and a beta of 0.99. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the company earned $1.02 EPS. The firm's revenue for the quarter was up 28.1% on a year-over-year basis. On average, sell-side analysts forecast that Realty Income will post 4.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director A. Larry Chapman sold 5,000 shares of the business's 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction that occurred on Friday, August 23rd. The stock was 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 approximately $319,467.89. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value 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 $1,663,313.82. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Realty Income

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Realty Income by 18.3% in the 1st quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust's stock worth $7,290,982,000 after acquiring an additional 20,848,560 shares in the last quarter. Parnassus Investments LLC increased its holdings 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 worth $1,550,506,000 after acquiring an additional 1,676,293 shares in the last quarter. Legal & General Group Plc increased its holdings in Realty Income by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 12,258,468 shares of the real estate investment trust's stock worth $647,492,000 after acquiring an additional 531,008 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Realty Income by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,682,105 shares of the real estate investment trust's stock worth $617,043,000 after acquiring an additional 413,865 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Realty Income by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust's stock worth $617,028,000 after acquiring an additional 463,286 shares in the last quarter. 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.