Realty Income (NYSE:O) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Realty Income (NYSE:O) from a sell rating to a hold rating in a research report released on Monday.

Several other equities analysts also recently weighed in on O. Evercore ISI initiated coverage on shares of Realty Income in a research note on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a report on Monday, December 29th. Wells Fargo & Company boosted their target price on Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft upgraded Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Tuesday, January 20th. Finally, Cantor Fitzgerald reduced their price objective on Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $62.71.

Realty Income Stock Performance

NYSE O opened at $60.09 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53. The stock’s 50 day simple moving average is $58.09 and its 200-day simple moving average is $58.32. The company has a market cap of $55.27 billion, a PE ratio of 55.63, a price-to-earnings-growth ratio of 3.91 and a beta of 0.80. Realty Income has a 1-year low of $50.71 and a 1-year high of $61.95.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.05 earnings per share. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, equities research analysts anticipate that Realty Income will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be given a $0.27 dividend. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date is Friday, January 30th. Realty Income’s dividend payout ratio is presently 300.00%.

Institutional Investors Weigh In On Realty Income

A number of institutional investors and hedge funds have recently added to or reduced their stakes in O. N.E.W. Advisory Services LLC increased its holdings in Realty Income by 3.9% in the 4th quarter. N.E.W. Advisory Services LLC now owns 19,978 shares of the real estate investment trust’s stock valued at $1,126,000 after purchasing an additional 754 shares during the last quarter. Sage Private Wealth Group LLC boosted its position in shares of Realty Income by 2.2% during the fourth quarter. Sage Private Wealth Group LLC now owns 7,844 shares of the real estate investment trust’s stock worth $442,000 after buying an additional 170 shares during the period. OLD National Bancorp IN grew its stake in shares of Realty Income by 117.0% in the fourth quarter. OLD National Bancorp IN now owns 121,073 shares of the real estate investment trust’s stock valued at $6,825,000 after buying an additional 65,289 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Realty Income by 10.1% in the 4th quarter. Teacher Retirement System of Texas now owns 164,482 shares of the real estate investment trust’s stock valued at $9,272,000 after buying an additional 15,046 shares during the period. Finally, Mystic Asset Management Inc. raised its holdings in shares of Realty Income by 2.4% in the 4th quarter. Mystic Asset Management Inc. now owns 34,739 shares of the real estate investment trust’s stock valued at $1,958,000 after buying an additional 804 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

About Realty Income

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.