Realty Income (NYSE:O) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Realty Income (NYSE:OGet Free Report) had its price target upped by equities researchers at Royal Bank Of Canada from $61.00 to $70.00 in a research note issued to investors on Wednesday, Marketbeat.com reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 5.33% from the stock’s current price.

A number of other research analysts also recently issued reports on O. Scotiabank upgraded shares of Realty Income from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $60.00 to $67.00 in a research report on Friday, January 30th. Wells Fargo & Company boosted their price target on Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. Stifel Nicolaus lifted their target price on shares of Realty Income from $67.75 to $70.50 and gave the company a “buy” rating in a report on Wednesday. Morgan Stanley increased their price target on shares of Realty Income from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Realty Income in a report on Monday, December 29th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $64.27.

Get Our Latest Analysis on Realty Income

Realty Income Stock Performance

O stock opened at $66.46 on Wednesday. Realty Income has a one year low of $50.71 and a one year high of $67.15. The firm has a market cap of $61.14 billion, a price-to-earnings ratio of 61.54, a PEG ratio of 3.94 and a beta of 0.79. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a 50-day simple moving average of $60.64 and a two-hundred day simple moving average of $59.25.

Realty Income (NYSE:OGet Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.76). Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the firm posted $1.05 EPS. Realty Income’s revenue was up 11.0% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. On average, equities analysts forecast that Realty Income will post 4.19 EPS for the current fiscal year.

Institutional Trading of Realty Income

A number of hedge funds and other institutional investors have recently modified their holdings of O. State Street Corp boosted its position in Realty Income by 1.1% in the 2nd quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust’s stock valued at $3,556,436,000 after buying an additional 676,697 shares during the period. OLD National Bancorp IN purchased a new stake in Realty Income during the 3rd quarter worth about $3,391,000. ProShare Advisors LLC boosted its stake in shares of Realty Income by 5.3% in the 3rd quarter. ProShare Advisors LLC now owns 3,067,894 shares of the real estate investment trust’s stock valued at $186,497,000 after buying an additional 155,677 shares during the period. Federated Hermes Inc. grew its position in shares of Realty Income by 13.1% during the second quarter. Federated Hermes Inc. now owns 2,669,031 shares of the real estate investment trust’s stock worth $153,763,000 after buying an additional 309,902 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Realty Income by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 5,813,174 shares of the real estate investment trust’s stock worth $334,897,000 after buying an additional 84,066 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

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About Realty Income

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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.

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