Realty Income (NYSE:O) Price Target Raised to $65.00

Realty Income (NYSE:O) had its price target lifted by stock analysts at Robert W. Baird from $64.00 to $65.00 in a research report issued on Monday, MarketBeat Ratings reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Robert W. Baird’s price target would suggest a potential upside of 1.94% from the company’s current price.

A number of other research firms have also recently issued reports on O. Freedom Capital raised shares of Realty Income from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Jefferies Financial Group initiated coverage on shares of Realty Income in a research report on Monday, June 1st. They set a “buy” rating and a $69.00 price target for the company. Mizuho cut their price objective on shares of Realty Income from $68.00 to $66.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. UBS Group set a $67.00 target price on shares of Realty Income in a research note on Thursday, June 18th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Realty Income in a research report on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Realty Income has a consensus rating of “Hold” and a consensus price target of $66.65.

Realty Income Trading Down 0.1%

Shares of NYSE O opened at $63.77 on Monday. The company has a market cap of $59.46 billion, a price-to-earnings ratio of 52.27, a price-to-earnings-growth ratio of 4.98 and a beta of 0.72. Realty Income has a 12-month low of $55.86 and a 12-month high of $67.93. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The stock’s 50 day simple moving average is $62.00 and its 200 day simple moving average is $61.94.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.39 billion. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.06 EPS. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Equities research analysts expect that Realty Income will post 4.45 EPS for the current year.

Institutional Investors Weigh In On Realty Income

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new stake in Realty Income in the fourth quarter worth about $558,775,000. Morgan Stanley increased its stake in Realty Income by 21.6% during the 4th 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 during the period. Deutsche Bank AG raised its position in shares of Realty Income by 45.1% during the 4th quarter. Deutsche Bank AG now owns 4,998,963 shares of the real estate investment trust’s stock worth $281,792,000 after buying an additional 1,554,726 shares in the last quarter. Amundi raised its position in shares of Realty Income by 56.7% during the 1st quarter. Amundi now owns 4,183,310 shares of the real estate investment trust’s stock worth $255,934,000 after buying an additional 1,514,119 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Realty Income by 2.1% in the 3rd quarter. State Street Corp now owns 63,028,892 shares of the real estate investment trust’s stock worth $3,831,526,000 after acquiring an additional 1,295,936 shares during the period. 70.81% of the stock is currently owned by institutional investors.

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.