Mizuho Raises Realty Income (NYSE:O) Price Target to $59.00

Realty Income (NYSE:O) had its target price boosted by investment analysts at Mizuho from $56.00 to $59.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Mizuho’s target price would indicate a potential upside of 8.00% from the stock’s current price.

Several other analysts have also commented on O. Royal Bank of Canada increased their price objective on Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, January 11th. Stifel Nicolaus decreased their price objective on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Finally, BMO Capital Markets assumed coverage on Realty Income in a research report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 target price on the stock. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and a consensus target price of $61.21.

Realty Income Stock Down 0.3 %

Realty Income stock opened at $54.63 on Friday. The business has a fifty day moving average of $52.99 and a two-hundred day moving average of $53.74. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64. The firm has a market cap of $47.04 billion, a P/E ratio of 50.58, a P/E/G ratio of 5.73 and a beta of 0.92. Realty Income has a twelve month low of $45.03 and a twelve month high of $64.18.

Realty Income (NYSE:O) last posted its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The firm’s quarterly revenue was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. On average, analysts forecast that Realty Income will post 4.16 earnings per share for the current fiscal year.

Insider Activity

In related news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the transaction, the director now directly owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of O. American National Bank purchased a new position in Realty Income in the 4th quarter worth approximately $25,000. Vima LLC purchased a new position in Realty Income in the 4th quarter worth approximately $25,000. Manchester Capital Management LLC lifted its stake in Realty Income by 423.0% in the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 423 shares in the last quarter. WASHINGTON TRUST Co lifted its stake in Realty Income by 65.7% in the 1st quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 197 shares in the last quarter. Finally, Northwest Investment Counselors LLC purchased a new position in Realty Income in the 1st quarter worth approximately $27,000. 70.81% of the stock is 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.