Realty Income (NYSE:O) Downgraded to “Neutral” Rating by Mizuho

Mizuho downgraded shares of Realty Income (NYSE:O) from an outperform rating to a neutral rating in a research note released on Thursday morning, Marketbeat reports. Mizuho currently has $60.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $64.00.

Other equities analysts have also issued research reports about the company. Wedbush began coverage on Realty Income in a research report on Monday, August 19th. They issued a “neutral” rating and a $64.00 price target for the company. Royal Bank of Canada cut their price target on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Robert W. Baird upped their price objective on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. lifted their target price on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Finally, UBS Group upped their price target on Realty Income from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $63.85.

Realty Income Trading Up 0.6 %

Shares of O stock traded up $0.31 during trading hours on Thursday, reaching $56.38. The company’s stock had a trading volume of 2,974,152 shares, compared to its average volume of 5,666,169. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm’s fifty day simple moving average is $61.43 and its 200 day simple moving average is $57.96. The stock has a market capitalization of $49.34 billion, a P/E ratio of 53.70, a P/E/G ratio of 4.00 and a beta of 0.99. Realty Income has a one year low of $50.65 and a one year high of $64.88.

Realty Income (NYSE:O) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the company posted $1.02 EPS. The firm’s revenue was up 28.1% on a year-over-year basis. Equities research analysts expect that Realty Income will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be given a $0.2635 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.61%. This is an increase from Realty Income’s previous monthly dividend of $0.24. Realty Income’s payout ratio is presently 300.96%.

Insider Buying and Selling at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the sale, the director now owns 5,257 shares in the company, valued at approximately $319,467.89. The trade was a 48.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the sale, the director now owns 26,579 shares of the company’s stock, valued at $1,663,313.82. This trade represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Code Waechter LLC purchased a new stake in shares of Realty Income in the 3rd quarter valued at approximately $1,308,000. Principal Financial Group Inc. lifted its stake in shares of Realty Income by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock valued at $138,937,000 after purchasing an additional 74,185 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Realty Income by 17.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,131,375 shares of the real estate investment trust’s stock worth $61,208,000 after purchasing an additional 171,166 shares during the period. Raymond James & Associates lifted its position in Realty Income by 92.4% in the third quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust’s stock valued at $410,932,000 after buying an additional 3,112,560 shares during the last quarter. Finally, abrdn plc boosted its stake in Realty Income by 15.4% during the third quarter. abrdn plc now owns 1,282,800 shares of the real estate investment trust’s stock worth $81,079,000 after buying an additional 171,236 shares during the period. 70.81% of the stock is 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.