Realty Income (NYSE:O) Given New $57.00 Price Target at Scotiabank

Realty Income (NYSE:O - Get Free Report) had its price target dropped by Scotiabank from $59.00 to $57.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a "sector perform" rating on the real estate investment trust's stock. Scotiabank's price objective indicates a potential downside of 0.92% from the company's previous close.

O has been the topic of several other research reports. UBS Group lowered their price objective on shares of Realty Income from $72.00 to $71.00 and set a "buy" rating on the stock in a research report on Thursday, November 14th. Barclays lowered their price target on shares of Realty Income from $59.00 to $56.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 4th. Stifel Nicolaus reduced their price objective on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research report on Wednesday, December 11th. They issued a "hold" rating and a $62.00 target price for the company. Finally, BNP Paribas cut Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target on the stock. in a research report on Tuesday, February 25th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Realty Income has an average rating of "Hold" and an average price target of $61.81.

Realty Income Stock Up 0.9 %

O stock traded up $0.50 during trading on Friday, reaching $57.53. The stock had a trading volume of 5,855,664 shares, compared to its average volume of 4,982,321. 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 $50.35 billion, a price-to-earnings ratio of 54.79, a P/E/G ratio of 2.10 and a beta of 1.00. Realty Income has a one year low of $50.65 and a one year high of $64.88. The company's 50 day moving average is $54.25 and its two-hundred day moving average is $57.92.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.28 billion. Equities research analysts forecast that Realty Income will post 4.19 EPS for the current year.

Institutional Trading of Realty Income

Hedge funds and other institutional investors have recently bought and sold shares of the company. Trust Co. of Vermont increased its holdings in shares of Realty Income by 12.7% in the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust's stock worth $13,540,000 after purchasing an additional 28,480 shares during the period. Atlanta Consulting Group Advisors LLC bought a new position in Realty Income in the 3rd quarter worth about $896,000. Charles Schwab Investment Management Inc. increased its stake 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 during the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Realty Income by 6.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust's stock valued at $93,850,000 after acquiring an additional 101,184 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of Realty Income by 1.4% during the 3rd quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust's stock valued at $163,921,000 after acquiring an additional 35,100 shares during the last quarter. Institutional investors 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.