Royal Bank of Canada Issues Pessimistic Forecast for Realty Income (NYSE:O) Stock Price

Realty Income (NYSE:O) had its price target lowered by Royal Bank of Canada from $67.00 to $63.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s target price indicates a potential upside of 12.24% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on O. Wedbush started coverage on Realty Income in a report on Monday, August 19th. They set a “neutral” rating and a $64.00 price target on the stock. UBS Group raised their price objective on shares of Realty Income from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. raised their price objective on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Scotiabank raised their price objective on shares of Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 17th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $62.00 price objective on shares of Realty Income in a research note on Tuesday, August 6th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $63.85.

Realty Income Stock Down 4.6 %

Shares of O stock traded down $2.69 during trading hours on Wednesday, hitting $56.13. 4,674,735 shares of the company were exchanged, compared to its average volume of 5,662,707. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39. The business’s 50-day simple moving average is $62.16 and its two-hundred day simple moving average is $57.86. Realty Income has a one year low of $49.52 and a one year high of $64.88. The stock has a market capitalization of $48.88 billion, a price-to-earnings ratio of 51.97, a P/E/G ratio of 4.09 and a beta of 0.99.

Realty Income (NYSE:O) last issued its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a return on equity of 2.36% and a net margin of 17.89%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the business earned $1.02 EPS. The business’s revenue was up 28.1% on a year-over-year basis. Sell-side analysts predict that Realty Income will post 4.2 EPS for the current fiscal year.

Insider Transactions at Realty Income

In other news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value of $107,136.96. Following the transaction, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the transaction, the director now directly owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the transaction, the director now directly owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Realty Income

Large investors have recently bought and sold shares of the business. Pacifica Partners Inc. grew its position in Realty Income by 444.4% during the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 400 shares during the last quarter. Rosenberg Matthew Hamilton boosted its position in Realty Income by 75.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 211 shares during the last quarter. Creative Capital Management Investments LLC boosted its position in Realty Income by 133.3% in the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 300 shares during the last quarter. Bell Investment Advisors Inc boosted its position in Realty Income by 69.6% in the 1st quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 217 shares during the last quarter. Finally, MFA Wealth Advisors LLC bought a new position in Realty Income in the 2nd quarter valued at $33,000. 70.81% of the stock is currently owned by institutional investors.

Realty Income Company Profile

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.