Realty Income (NYSE:O) Price Target Cut to $66.50 by Analysts at Stifel Nicolaus

Realty Income (NYSE:O) had its price objective reduced by equities researchers at Stifel Nicolaus from $70.00 to $66.50 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 27.01% from the company’s previous close.

Several other equities research analysts have also recently commented on the stock. UBS Group dropped their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Royal Bank of Canada decreased their price objective on Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective on the stock. Wells Fargo & Company restated an “equal weight” rating and issued a $65.00 target price (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Finally, Mizuho cut their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $62.50.

Realty Income Stock Performance

NYSE O traded down $0.15 on Wednesday, hitting $52.36. The stock had a trading volume of 1,591,697 shares, compared to its average volume of 4,469,750. The company’s 50-day moving average is $55.78 and its two-hundred day moving average is $58.39. The stock has a market cap of $45.83 billion, a price-to-earnings ratio of 49.87, a P/E/G ratio of 2.05 and a beta of 1.00. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income has a one year low of $50.65 and a one year high of $64.88.

Realty Income (NYSE:O) last announced its 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 net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. The firm’s revenue was up 28.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.02 EPS. On average, analysts expect that Realty Income will post 4.2 earnings per share for the current year.

Institutional Investors Weigh In On Realty Income

Several large investors have recently modified their holdings of O. Atlanta Consulting Group Advisors LLC bought a new stake in Realty Income in the third quarter valued at $896,000. Code Waechter LLC bought a new position in shares of Realty Income in the third quarter valued at approximately $1,308,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Realty Income by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock worth $617,028,000 after acquiring an additional 463,286 shares in the last quarter. Swiss National Bank grew its position in Realty Income by 1.4% during the 3rd quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock worth $163,921,000 after acquiring an additional 35,100 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Realty Income by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock valued at $138,937,000 after purchasing an additional 74,185 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.