Stifel Nicolaus Has Lowered Expectations for Realty Income (NYSE:O) Stock Price

Realty Income (NYSE:O - Free Report) had its target price lowered by Stifel Nicolaus from $70.00 to $66.50 in a research report report published on Wednesday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the real estate investment trust's stock.

O has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a report on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price target on the stock. Scotiabank raised their target price on shares of Realty Income from $61.00 to $64.00 and gave the company a "sector perform" rating in a research note on Tuesday, September 17th. Royal Bank of Canada cut their price target on shares of Realty Income from $67.00 to $63.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Mizuho lowered their price objective on shares of Realty Income from $60.00 to $54.00 and set a "neutral" rating on the stock in a research report on Wednesday. Finally, UBS Group cut their target price on shares of Realty Income from $72.00 to $71.00 and set a "buy" rating for the company in a research report on Thursday, November 14th. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $62.50.

Realty Income Stock Performance

Realty Income stock traded down $0.07 during mid-day trading on Wednesday, reaching $52.44. The company's stock had a trading volume of 4,722,661 shares, compared to its average volume of 5,109,354. The company has a market capitalization of $45.90 billion, a P/E ratio of 49.94, a PEG ratio of 2.05 and a beta of 1.00. The firm's fifty day moving average price is $55.62 and its two-hundred day moving average price is $58.35. Realty Income has a 12-month low of $50.65 and a 12-month high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data 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). 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 for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the firm posted $1.02 earnings per share. The business's revenue for the quarter was up 28.1% compared to the same quarter last year. Sell-side analysts predict that Realty Income will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a jan 25 dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $0.264 per share. This represents a yield of 5.7%. This is a positive change from Realty Income's previous jan 25 dividend of $0.26. The ex-dividend date of this dividend is Thursday, January 2nd. Realty Income's dividend payout ratio (DPR) is presently 300.95%.

Institutional Investors Weigh In On Realty Income

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in O. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 worth $478,556,000 after buying an additional 6,673,617 shares in the last quarter. Raymond James & Associates grew its stake in Realty Income by 92.4% in the third quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust's stock worth $410,932,000 after purchasing an additional 3,112,560 shares during the period. Janus Henderson Group PLC raised its holdings in Realty Income by 3,150.5% in the third quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust's stock worth $175,142,000 after purchasing an additional 2,675,266 shares in the last quarter. Parnassus Investments LLC lifted its position in Realty Income by 7.4% during the third 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 buying an additional 1,676,293 shares during the period. Finally, Bank of Montreal Can boosted its holdings in shares of Realty Income by 102.1% during the 3rd 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 buying an additional 1,107,493 shares in the last quarter. 70.81% of the stock is currently owned by 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.