Scotiabank Cuts Realty Income (NYSE:O) Price Target to $59.00

Realty Income (NYSE:O - Free Report) had its price objective lowered by Scotiabank from $61.00 to $59.00 in a report released on Thursday,Benzinga reports. The firm currently has a sector perform rating on the real estate investment trust's stock.

Other equities analysts have also issued research reports about the stock. Royal Bank of Canada dropped their target price on shares of Realty Income from $67.00 to $63.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. Mizuho lowered their target price on Realty Income from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Barclays began coverage on Realty Income in a report on Tuesday, December 17th. They set an "equal weight" rating and a $59.00 price target on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price objective for the company. Finally, Wells Fargo & Company reissued an "equal weight" rating and set a $65.00 target price (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Twelve analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $62.12.

Realty Income Trading Up 0.1 %

Shares of NYSE O traded up $0.04 during trading on Thursday, reaching $54.62. The company had a trading volume of 5,339,297 shares, compared to its average volume of 5,047,283. The stock has a market cap of $47.80 billion, a P/E ratio of 52.02, a PEG ratio of 1.85 and a beta of 1.00. The company's fifty day moving average price is $54.97 and its 200-day moving average price is $58.31. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income has a 12 month low of $50.65 and a 12 month high of $64.88.

Realty Income (NYSE:O - Get Free Report) last announced its earnings results 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 during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the company earned $1.02 earnings per share. The business's revenue was up 28.1% on a year-over-year basis. As a group, research analysts expect that Realty Income will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The company also recently disclosed a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a $0.264 dividend. This represents a yield of 5.9%. The ex-dividend date of this dividend is Monday, February 3rd. Realty Income's payout ratio is 301.91%.

Institutional Trading of Realty Income

A number of institutional investors and hedge funds have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Realty Income by 765.1% in the third 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 valued at $478,556,000 after purchasing an additional 6,673,617 shares during the last quarter. Raymond James & Associates lifted its position in shares of Realty Income by 92.4% during the 3rd quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust's stock valued at $410,932,000 after buying an additional 3,112,560 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Realty Income by 3,150.5% in the 3rd quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust's stock worth $175,142,000 after acquiring an additional 2,675,266 shares during the last quarter. Parnassus Investments LLC raised its stake 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 acquiring an additional 1,676,293 shares during the period. Finally, Bank of Montreal Can lifted its holdings in Realty Income by 102.1% during the third 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 purchasing an additional 1,107,493 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other 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.