UBS Group Has Lowered Expectations for Realty Income (NYSE:O) Stock Price

Realty Income (NYSE:O) had its price target decreased by UBS Group from $64.00 to $62.00 in a research note issued to investors on Tuesday morning,Benzinga reports. UBS Group currently has a buy rating on the real estate investment trust’s stock.

O has been the subject of several other research reports. JPMorgan Chase & Co. reduced their price objective on shares of Realty Income from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Scotiabank raised their price objective on shares of Realty Income from $57.00 to $58.00 and gave the company a “sector perform” rating in a research note on Monday. BNP Paribas cut shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective for the company. in a research note on Tuesday, February 25th. Wedbush reiterated a “neutral” rating and issued a $61.00 price objective on shares of Realty Income in a research note on Wednesday, May 7th. Finally, Royal Bank of Canada reduced their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Realty Income presently has an average rating of “Hold” and an average price target of $61.15.

Realty Income Stock Down 1.6%

O stock opened at $55.06 on Tuesday. Realty Income has a one year low of $50.71 and a one year high of $64.88. The stock has a market capitalization of $49.72 billion, a PE ratio of 52.44, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The company has a fifty day moving average of $56.45 and a 200-day moving average of $55.84.

Realty Income (NYSE:O) last released its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the business earned $1.03 EPS. The business’s revenue was up 9.5% on a year-over-year basis. As a group, analysts expect that Realty Income will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The company also recently declared a jun 25 dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.2685 per share. The ex-dividend date is Monday, June 2nd. This represents a dividend yield of 5.8%. Realty Income’s dividend payout ratio (DPR) is presently 292.73%.

Institutional Investors Weigh In On Realty Income

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sand Hill Global Advisors LLC purchased a new stake in shares of Realty Income during the first quarter worth about $202,000. Keystone Global Partners LLC purchased a new stake in shares of Realty Income during the first quarter worth about $26,000. Cascade Financial Partners LLC grew its holdings in Realty Income by 135.2% in the first quarter. Cascade Financial Partners LLC now owns 13,738 shares of the real estate investment trust’s stock valued at $797,000 after purchasing an additional 7,898 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in Realty Income by 14.3% in the first quarter. Steward Partners Investment Advisory LLC now owns 243,934 shares of the real estate investment trust’s stock valued at $14,151,000 after purchasing an additional 30,552 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in Realty Income by 9.6% in the first quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust’s stock valued at $658,813,000 after purchasing an additional 992,303 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

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.