Realty Income (NYSE:O) Price Target Lowered to $66.50 at Stifel Nicolaus

Realty Income (NYSE:O) had its price objective lowered by Stifel Nicolaus from $70.00 to $66.50 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Several other equities analysts have also recently weighed in on the company. Royal Bank of Canada dropped their price objective on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. UBS Group dropped their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Barclays began coverage on Realty Income in a report on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 price target on the stock. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $65.00 target price (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Finally, Mizuho decreased their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $62.50.

Realty Income Price Performance

O stock opened at $52.44 on Wednesday. The stock has a market capitalization of $45.90 billion, a PE ratio of 49.94, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00. Realty Income has a 1 year low of $50.65 and a 1 year high of $64.88. The company’s 50-day moving average is $55.62 and its 200-day moving average is $58.35. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income (NYSE:O) last posted its 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 business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company’s revenue was up 28.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.02 earnings per share. Equities research analysts expect that Realty Income will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently disclosed a jan 25 dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $0.264 per share. This is a positive change from Realty Income’s previous jan 25 dividend of $0.26. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a dividend yield of 5.7%. Realty Income’s payout ratio is presently 300.95%.

Institutional Trading of Realty Income

Several institutional investors and hedge funds have recently made changes to their positions in O. Rosenberg Matthew Hamilton grew its stake in shares of Realty Income by 75.4% during the third 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 grew its holdings in shares of Realty Income by 133.3% in the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 300 shares during the last quarter. Headlands Technologies LLC bought a new stake in Realty Income during the 2nd quarter valued at $42,000. Pacifica Partners Inc. grew its holdings in Realty Income by 89.2% in the 3rd quarter. Pacifica Partners Inc. now owns 927 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 437 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of Realty Income by 313.5% in the third quarter. First Horizon Advisors Inc. now owns 947 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 718 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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.