Royal Bank of Canada Lowers Realty Income (NYSE:O) Price Target to $63.00

Realty Income (NYSE:O - Get Free Report) had its price objective cut by investment analysts at Royal Bank of Canada from $67.00 to $63.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has an "outperform" rating on the real estate investment trust's stock. Royal Bank of Canada's price objective indicates a potential upside of 10.59% from the company's previous close.

A number of other equities research analysts also recently commented on the stock. UBS Group lifted their target price on shares of Realty Income from $70.00 to $72.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. increased their target price on Realty Income from $60.00 to $67.00 and gave the company a "neutral" rating in a report on Tuesday, September 3rd. Morgan Stanley reissued an "equal weight" rating and issued a $62.00 price objective on shares of Realty Income in a report on Tuesday, August 6th. Robert W. Baird increased their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a "neutral" rating in a report on Tuesday, August 6th. Finally, Stifel Nicolaus decreased their price target on Realty Income from $70.50 to $70.00 and set a "buy" rating on the stock in a report on Tuesday. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $63.85.

Realty Income Stock Down 3.2 %

NYSE:O traded down $1.85 during mid-day trading on Wednesday, hitting $56.97. 11,409,869 shares of the company's stock were exchanged, compared to its average volume of 5,693,775. Realty Income has a one year low of $49.52 and a one year high of $64.88. The business has a fifty day moving average price of $62.06 and a 200 day moving average price of $57.85. The company has a market cap of $49.61 billion, a PE ratio of 54.25, a P/E/G ratio of 4.12 and a beta of 0.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a return on equity of 2.38% and a net margin of 17.57%. The company had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.26 billion. During the same quarter in the previous year, the company earned $1.02 EPS. The business's quarterly revenue was up 28.1% on a year-over-year basis. Equities analysts predict that Realty Income will post 4.2 EPS for the current year.

Insiders Place Their Bets

In other news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction 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 sale, the director now owns 5,257 shares in the company, valued at approximately $319,467.89. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, 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 transaction of $107,136.96. Following the sale, the director now directly owns 26,579 shares of the company's stock, valued at $1,663,313.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director A. Larry Chapman sold 5,000 shares of the business's stock in a transaction 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 sale, the director now directly owns 5,257 shares of the company's stock, valued at approximately $319,467.89. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Pacifica Partners Inc. raised its stake in shares of Realty Income by 444.4% during the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 400 shares during the last quarter. Bell Investment Advisors Inc grew its holdings in Realty Income by 69.6% in the 1st quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 217 shares during the period. Rosenberg Matthew Hamilton boosted its holdings in Realty Income by 75.4% in the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 211 shares during the last quarter. MFA Wealth Advisors LLC purchased a new stake in Realty Income during the second quarter worth approximately $33,000. Finally, Creative Capital Management Investments LLC grew its stake in shares of Realty Income by 133.3% in the third 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. 70.81% of the stock is currently owned by institutional investors and hedge funds.

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.