Royal Bank Of Canada Issues Positive Forecast for Realty Income (NYSE:O) Stock Price

Realty Income (NYSE:O) had its target price hoisted by Royal Bank Of Canada from $60.00 to $61.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 8.88% from the stock’s previous close.

Several other equities analysts have also weighed in on the stock. UBS Group increased their price target on shares of Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Evercore ISI began coverage on Realty Income in a research report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price objective for the company. Scotiabank upped their price objective on shares of Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Barclays raised their target price on shares of Realty Income from $59.00 to $63.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Realty Income has a consensus rating of “Hold” and a consensus price target of $62.67.

Realty Income Trading Down 3.7%

Shares of O traded down $2.18 during mid-day trading on Tuesday, reaching $56.02. 5,002,041 shares of the company were exchanged, compared to its average volume of 5,485,542. Realty Income has a 52 week low of $50.71 and a 52 week high of $61.08. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market capitalization of $51.22 billion, a PE ratio of 54.43, a PEG ratio of 4.46 and a beta of 0.78. The business has a 50 day simple moving average of $59.37 and a two-hundred day simple moving average of $57.92.

Realty Income (NYSE:O) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The business 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%. Realty Income’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 earnings per share. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, analysts predict that Realty Income will post 4.19 earnings per share for the current fiscal year.

Insider Activity

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the 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 directly owned 19,211 shares in the company, valued at $1,160,920.73. This represents a 36.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Realty Income

Several hedge funds and other institutional investors have recently bought and sold shares of O. Compagnie Lombard Odier SCmA acquired a new position in shares of Realty Income in the 2nd quarter valued at $25,000. Keystone Global Partners LLC acquired a new position in shares of Realty Income during the first quarter worth about $26,000. Heartwood Wealth Advisors LLC acquired a new position in Realty Income during the 3rd quarter worth approximately $29,000. Avion Wealth grew its stake in shares of Realty Income by 142.4% during the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 309 shares during the period. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Realty Income during the 2nd quarter worth $31,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

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.