Mizuho Issues Pessimistic Forecast for Realty Income (NYSE:O) Stock Price

Realty Income (NYSE:O) had its price objective decreased by Mizuho from $60.00 to $54.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price objective would suggest a potential upside of 3.31% from the stock’s current price.

O has been the subject of a number of other research reports. Royal Bank of Canada reduced their target price on Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price on the stock. Stifel Nicolaus dropped their price objective on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Wells Fargo & Company reissued an “equal weight” rating and set a $65.00 price target (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Finally, UBS Group cut their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Twelve analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Realty Income currently has a consensus rating of “Hold” and a consensus price target of $62.77.

Realty Income Stock Down 0.5 %

NYSE:O traded down $0.24 during trading hours on Wednesday, reaching $52.27. The company’s stock had a trading volume of 1,419,091 shares, compared to its average volume of 4,400,136. The stock has a 50 day moving average price of $55.78 and a two-hundred day moving average price of $58.39. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market capitalization of $45.75 billion, a P/E ratio of 49.78, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00. Realty Income has a 12 month low of $50.65 and a 12 month high of $64.88.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.02 earnings per share. Equities analysts predict that Realty Income will post 4.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Realty Income

Large investors have recently made changes to their positions in the stock. Lantz Financial LLC purchased a new position in Realty Income in the second quarter worth approximately $234,000. Savant Capital LLC increased its position in shares of Realty Income by 31.0% during the second quarter. Savant Capital LLC now owns 19,729 shares of the real estate investment trust’s stock valued at $1,042,000 after acquiring an additional 4,663 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Realty Income in the 2nd quarter valued at approximately $1,491,000. Quest Partners LLC lifted its holdings in shares of Realty Income by 9,558.3% in the 2nd quarter. Quest Partners LLC now owns 2,318 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 2,294 shares during the last quarter. Finally, Prudential PLC increased its holdings in Realty Income by 42.4% in the 2nd quarter. Prudential PLC now owns 14,103 shares of the real estate investment trust’s stock valued at $745,000 after purchasing an additional 4,201 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other 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.