Realty Income (NYSE:O) Given New $59.00 Price Target at Mizuho

Key Points

• Mizuho lowered Realty Income’s price target from $61 to $59 while maintaining a “neutral” rating, implying approximately 5.2% upside from the prior close.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $65.34, despite several recent target reductions.
• Realty Income matched quarterly earnings expectations at $1.09 per share and exceeded revenue estimates with $1.55 billion; institutional investors own approximately 70.8% of the stock.

Realty Income (NYSE:O - Get Free Report) had its price objective decreased by research analysts at Mizuho from $61.00 to $59.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a "neutral" rating on the real estate investment trust's stock. Mizuho's price target points to a potential upside of 5.22% from the stock's previous close.

O has been the subject of several other reports. Royal Bank Of Canada reduced their price target on Realty Income from $71.00 to $70.00 and set an "outperform" rating for the company in a research report on Friday, August 7th. Scotiabank downgraded shares of Realty Income from a "sector outperform" rating to a "sector perform" rating and reduced their target price for the stock from $67.00 to $59.00 in a report on Wednesday, September 23rd. Barclays decreased their price objective on Realty Income from $67.00 to $65.00 and set an "equal weight" rating on the stock in a report on Friday, September 4th. Weiss Ratings downgraded shares of Realty Income from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, September 18th. Finally, Robert W. Baird boosted their price target on Realty Income from $64.00 to $65.00 and gave the company a "neutral" rating in a research note on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $65.34.

Realty Income Price Performance

Shares of NYSE O opened at $56.07 on Monday. The firm has a market cap of $53.06 billion, a PE ratio of 40.93, a PEG ratio of 4.38 and a beta of 0.69. The company has a fifty day moving average price of $58.67 and a 200 day moving average price of $61.35. Realty Income has a 1-year low of $53.15 and a 1-year high of $67.93. The company has a current ratio of 5.88, a quick ratio of 5.88 and a debt-to-equity ratio of 0.73.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share for the quarter, hitting the consensus estimate of $1.09. The company had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.40 billion. Realty Income had a return on equity of 3.12% and a net margin of 20.93%. Realty Income's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 earnings per share. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. Research analysts predict that Realty Income will post 4.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Realty Income

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dunhill Financial LLC acquired a new position in Realty Income in the 2nd quarter valued at approximately $27,000. Sankala Group LLC bought a new position in shares of Realty Income during the fourth quarter valued at $32,000. Fiduciary Financial Advisors bought a new position in shares of Realty Income during the second quarter valued at $36,000. MV Capital Management Inc. acquired a new position in shares of Realty Income during the fourth quarter worth $40,000. Finally, Canton Hathaway LLC acquired a new position in shares of Realty Income during the first quarter worth $40,000. Institutional investors own 70.81% of the company's stock.

About Realty Income

Realty Income Corporation is a real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial properties. The company primarily invests in single-tenant properties that are leased to businesses under long-term, net lease agreements, under which tenants generally are responsible for property taxes, insurance and maintenance.

Its portfolio includes retail, grocery, convenience store, industrial, distribution and other commercial properties. Realty Income serves a broad range of tenants and seeks to generate recurring rental income through long-term leases.

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