Mizuho Raises Realty Income (NYSE:O) Price Target to $68.00

Realty Income (NYSE:O) had its price target lifted by stock analysts at Mizuho from $60.00 to $68.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price target suggests a potential upside of 4.83% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the company. Cantor Fitzgerald raised their target price on Realty Income from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, February 27th. Wall Street Zen raised Realty Income from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Scotiabank upgraded Realty Income from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $60.00 to $67.00 in a report on Friday, January 30th. Morgan Stanley raised their price objective on Realty Income from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 24th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $61.00 target price on shares of Realty Income in a research report on Thursday, December 18th. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $66.18.

Realty Income Stock Performance

NYSE:O opened at $64.87 on Wednesday. The company has a market cap of $60.49 billion, a P/E ratio of 55.44, a P/E/G ratio of 3.87 and a beta of 0.77. Realty Income has a twelve month low of $50.71 and a twelve month high of $67.93. The company’s 50-day moving average price is $62.48 and its 200-day moving average price is $59.77. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last announced its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.08. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Realty Income had a net margin of 18.41% and a return on equity of 2.68%. Realty Income’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. On average, sell-side analysts forecast that Realty Income will post 4.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Realty Income during the 2nd quarter worth $676,500,000. Vanguard Group Inc. increased its holdings in Realty Income by 2.5% in the second quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock valued at $8,418,907,000 after buying an additional 3,624,852 shares during the last quarter. Morgan Stanley raised its stake in Realty Income by 21.6% in the fourth quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock valued at $1,031,080,000 after buying an additional 3,252,091 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Realty Income by 8.3% during the 2nd 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 last quarter. Finally, Schroder Investment Management Group boosted its position in shares of Realty Income by 420.0% during the 2nd quarter. Schroder Investment Management Group now owns 2,139,550 shares of the real estate investment trust’s stock worth $123,259,000 after acquiring an additional 1,728,082 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Company Profile

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.