Realty Income (NYSE:O) Given New $71.00 Price Target at UBS Group

Realty Income (NYSE:O - Get Free Report) had its price target reduced by investment analysts at UBS Group from $72.00 to $71.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the real estate investment trust's stock. UBS Group's price objective would indicate a potential upside of 26.63% from the company's current price.

Several other equities research analysts also recently issued reports on the company. Royal Bank of Canada dropped their price objective on Realty Income from $67.00 to $63.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. Mizuho cut Realty Income from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $64.00 to $60.00 in a research note on Thursday. Stifel Nicolaus reduced their price target on shares of Realty Income from $70.50 to $70.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Wedbush started coverage on shares of Realty Income in a research note on Monday, August 19th. They set a "neutral" rating and a $64.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised their price target on Realty Income from $60.00 to $67.00 and gave the stock a "neutral" rating in a report on Tuesday, September 3rd. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $63.85.

Realty Income Stock Down 1.5 %

O traded down $0.83 on Thursday, reaching $56.07. The company's stock had a trading volume of 5,063,292 shares, compared to its average volume of 5,678,309. Realty Income has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $49.07 billion, a price-to-earnings ratio of 53.35, a P/E/G ratio of 4.01 and a beta of 0.99. The stock has a 50 day moving average of $61.56 and a two-hundred day moving average of $57.98.

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

Insider Buying and Selling at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the firm'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 transaction, the director now owns 5,257 shares in the company, valued at approximately $319,467.89. This trade represents a 48.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the transaction, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. This represents a 6.05 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

Hedge Funds Weigh In On Realty Income

Several large investors have recently made changes to their positions in O. Pacifica Partners Inc. lifted its position in shares of Realty Income by 444.4% in the 2nd 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. Rosenberg Matthew Hamilton increased its holdings in Realty Income by 75.4% in the 3rd 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. MFA Wealth Advisors LLC acquired a new position in shares of Realty Income in the 2nd quarter valued at $33,000. Creative Capital Management Investments LLC raised its stake in shares of 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 buying an additional 300 shares in the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Realty Income during the 2nd quarter worth about $42,000. Institutional investors and hedge funds own 70.81% of the company's stock.

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.