Wells Fargo & Company Increases Realty Income (NYSE:O) Price Target to $65.00

Realty Income (NYSE:O) had its target price lifted by analysts at Wells Fargo & Company from $64.00 to $65.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 1.77% from the stock’s current price.

Several other equities analysts also recently commented on O. Mizuho lowered their price objective on 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 Realty Income in a research report on Thursday, June 18th. Robert W. Baird lifted their target price on Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, July 6th. Jefferies Financial Group started coverage on Realty Income in a research note on Monday, June 1st. They issued a “buy” rating and a $69.00 price target for the company. Finally, Royal Bank Of Canada increased their price objective on shares of Realty Income from $70.00 to $71.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and a consensus target price of $66.98.

Realty Income Stock Down 0.5%

O opened at $63.87 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. Realty Income has a fifty-two week low of $55.86 and a fifty-two week high of $67.93. The firm’s fifty day moving average is $62.00 and its 200 day moving average is $62.28. The stock has a market cap of $59.56 billion, a price-to-earnings ratio of 52.35, a price-to-earnings-growth ratio of 5.01 and a beta of 0.72.

Realty Income (NYSE:O) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.03. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the firm posted $1.06 EPS. Realty Income’s quarterly revenue was up 12.2% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. On average, sell-side analysts forecast that Realty Income will post 4.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. EFG International AG bought a new stake in Realty Income in the fourth quarter worth $26,000. Stance Capital LLC bought a new position in shares of Realty Income in the 3rd quarter valued at about $27,000. Evolution Wealth Management Inc. grew its position in Realty Income by 257.1% in the fourth quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 360 shares in the last quarter. Quattro Advisors LLC bought a new stake in Realty Income during the fourth quarter worth approximately $29,000. Finally, Sankala Group LLC bought a new stake in shares of Realty Income in the 4th quarter valued at approximately $32,000. 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.