Realty Income (NYSE:O - Get Free Report) had its price objective boosted by stock analysts at Mizuho from $54.00 to $59.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the real estate investment trust's stock. Mizuho's price objective suggests a potential upside of 7.06% from the stock's current price.
Other equities analysts have also recently issued research reports about the stock. Stifel Nicolaus lowered their target price on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Scotiabank dropped their target price on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price for the company. in a research note on Tuesday, February 25th. Barclays raised their price target on Realty Income from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research report on Wednesday, December 11th. They set a "hold" rating and a $62.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Realty Income currently has a consensus rating of "Hold" and a consensus target price of $62.42.
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Realty Income Stock Down 3.4 %
NYSE:O traded down $1.95 during trading hours on Thursday, reaching $55.11. 12,079,452 shares of the company traded hands, compared to its average volume of 5,200,331. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The business's 50-day moving average price is $56.03 and its two-hundred day moving average price is $57.08. Realty Income has a 1 year low of $50.65 and a 1 year high of $64.88. The stock has a market capitalization of $49.15 billion, a P/E ratio of 52.49, a P/E/G ratio of 2.10 and a beta of 1.00.
Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.28 billion. Analysts predict that Realty Income will post 4.19 earnings per share for the current year.
Hedge Funds Weigh In On Realty Income
Hedge funds have recently made changes to their positions in the business. Moody National Bank Trust Division lifted its holdings in shares of Realty Income by 20.0% in the first quarter. Moody National Bank Trust Division now owns 5,227 shares of the real estate investment trust's stock worth $303,000 after buying an additional 872 shares in the last quarter. Park National Corp OH grew its position in shares of Realty Income by 24.1% during the first quarter. Park National Corp OH now owns 123,932 shares of the real estate investment trust's stock valued at $7,189,000 after purchasing an additional 24,031 shares in the last quarter. Marcum Wealth LLC increased its holdings in shares of Realty Income by 8.1% in the first quarter. Marcum Wealth LLC now owns 5,213 shares of the real estate investment trust's stock worth $302,000 after purchasing an additional 390 shares during the last quarter. Cullen Investment Group LTD. lifted its position in shares of Realty Income by 210.9% in the first quarter. Cullen Investment Group LTD. now owns 79,720 shares of the real estate investment trust's stock worth $4,625,000 after buying an additional 54,075 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Realty Income by 4.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 17,950 shares of the real estate investment trust's stock valued at $1,041,000 after buying an additional 692 shares during the last quarter. Institutional investors own 70.81% of the company's stock.
About Realty Income
(
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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.
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