Realty Income (NYSE:O) Price Target Cut to $60.00 by Analysts at Cantor Fitzgerald

Realty Income (NYSE:O) had its price target decreased by Cantor Fitzgerald from $64.00 to $60.00 in a report issued on Thursday, MarketBeat reports. Cantor Fitzgerald currently has a neutral rating on the real estate investment trust’s stock.

Several other brokerages have also recently weighed in on O. Evercore ISI assumed coverage on Realty Income in a report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 target price for the company. Wolfe Research downgraded Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Royal Bank Of Canada increased their target price on shares of Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a report on Tuesday. Scotiabank raised their target price on shares of Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. Finally, Mizuho upped their price target on shares of Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $62.33.

Realty Income Trading Up 0.9%

O stock traded up $0.50 during mid-day trading on Thursday, reaching $56.83. The company had a trading volume of 5,954,520 shares, compared to its average volume of 5,534,950. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The company has a market capitalization of $51.96 billion, a PE ratio of 55.17, a price-to-earnings-growth ratio of 4.46 and a beta of 0.77. The firm has a 50 day moving average of $59.25 and a 200 day moving average of $57.89. Realty Income has a 12 month low of $50.71 and a 12 month high of $61.08.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.35 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 earnings per share. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, equities analysts predict that Realty Income will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be issued a dividend of $0.2695 per share. This represents a c) dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Friday, October 31st. Realty Income’s payout ratio is 299.07%.

Insider Buying and Selling

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the sale, the director owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by corporate insiders.

Institutional Trading of Realty Income

Hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Realty Income during the 2nd quarter worth $676,500,000. Vanguard Group Inc. boosted its holdings in Realty Income by 2.5% during the second quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock worth $8,418,907,000 after buying an additional 3,624,852 shares in the last quarter. Nuveen LLC acquired a new position in Realty Income during the first quarter worth about $207,573,000. Geode Capital Management LLC grew its position in Realty Income by 8.3% during the second quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock worth $1,548,687,000 after buying an additional 2,058,031 shares during the period. Finally, Schroder Investment Management Group increased its holdings in Realty Income by 420.0% in the second quarter. Schroder Investment Management Group now owns 2,139,550 shares of the real estate investment trust’s stock valued at $123,259,000 after buying an additional 1,728,082 shares in the last quarter. Institutional investors and hedge funds 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.