Realty Income (NYSE:O) PT Raised to $68.00

Realty Income (NYSE:O) had its price objective hoisted by research analysts at UBS Group from $61.00 to $68.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. UBS Group’s price target points to a potential upside of 16.62% from the company’s previous close.

A number of other equities analysts also recently issued reports on O. Scotiabank increased their price target on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. KeyCorp assumed coverage on shares of Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating on the stock. Finally, Mizuho upped their price target on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $61.88.

Realty Income Trading Up 1.2 %

O stock traded up $0.68 during mid-day trading on Thursday, reaching $58.31. 2,071,663 shares of the stock traded hands, compared to its average volume of 6,199,140. Realty Income has a one year low of $45.03 and a one year high of $64.18. The stock has a market capitalization of $50.77 billion, a PE ratio of 54.01, a PEG ratio of 4.91 and a beta of 0.96. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. The business has a 50-day moving average price of $53.59 and a two-hundred day moving average price of $53.83.

Realty Income (NYSE:O) last announced its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.87). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the firm earned $0.98 EPS. The firm’s quarterly revenue was up 33.5% on a year-over-year basis. Equities research analysts expect that Realty Income will post 4.2 EPS for the current year.

Institutional Trading of Realty Income

Several 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 fourth quarter valued at $25,000. Vima LLC purchased a new position in shares of Realty Income in the 4th quarter valued at about $25,000. Pacifica Partners Inc. raised its holdings in Realty Income by 444.4% in the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 400 shares during the period. WASHINGTON TRUST Co boosted its position in Realty Income by 65.7% during the first 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 acquired a new stake in Realty Income in the first quarter valued at approximately $27,000. 70.81% of the stock is owned by institutional investors and hedge funds.

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.