Realty Income (NYSE:O) Given New $61.00 Price Target at Mizuho

Key Points

• Mizuho lowered Realty Income’s price target from $66 to $61 while maintaining a “neutral” rating, implying about 6.36% upside from the prior close. The analyst consensus remains “Moderate Buy,” with an average target of $66.92.
• Realty Income’s latest quarter met earnings expectations at $1.09 per share, while revenue of $1.55 billion exceeded estimates and rose 9.7% year over year. The company projects fiscal 2026 EPS of $4.440–$4.450.
• Institutional investors own 70.81% of the stock, with major holders including BlackRock, State Street and Geode Capital. The company also formed a €528 million European net-lease joint venture with KKR to support acquisitions and its expanded 2026 investment plan.

Realty Income (NYSE:O - Get Free Report) had its target price decreased by analysts at Mizuho from $66.00 to $61.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a "neutral" rating on the real estate investment trust's stock. Mizuho's price objective points to a potential upside of 6.36% from the stock's previous close.

Other equities analysts have also issued research reports about the stock. Scotiabank dropped their price target on shares of Realty Income from $72.00 to $67.00 and set a "sector outperform" rating for the company in a research report on Thursday, June 18th. Royal Bank Of Canada reduced their target price on Realty Income from $71.00 to $70.00 and set an "outperform" rating for the company in a research note on Friday, August 7th. Barclays lowered their price target on Realty Income from $67.00 to $65.00 and set an "equal weight" rating for the company in a report on Friday, September 4th. UBS Group set a $67.00 price target on shares of Realty Income in a report on Thursday, June 18th. Finally, Evercore set a $68.00 target price on shares of Realty Income in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $66.92.

Realty Income Stock Up 0.4%

Realty Income stock opened at $57.35 on Thursday. The stock has a market cap of $54.27 billion, a PE ratio of 41.97, a P/E/G ratio of 4.17 and a beta of 0.71. The company has a debt-to-equity ratio of 0.73, a current ratio of 5.88 and a quick ratio of 5.88. Realty Income has a 1-year low of $55.86 and a 1-year high of $67.93. The stock's fifty day moving average is $62.70 and its two-hundred day moving average is $62.67.

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 EPS for the quarter, meeting analysts' consensus estimates of $1.09. Realty Income had a net margin of 20.93% and a return on equity of 3.12%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the business posted $1.05 earnings per share. Realty Income's quarterly revenue was up 9.7% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. On average, sell-side analysts expect that Realty Income will post 4.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Realty Income in the second quarter valued at approximately $6,997,219,000. State Street Corp raised its holdings in shares of Realty Income by 0.8% in the fourth quarter. State Street Corp now owns 63,559,987 shares of the real estate investment trust's stock valued at $3,599,676,000 after purchasing an additional 531,095 shares during the last quarter. Geode Capital Management LLC lifted its position in Realty Income by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 29,206,196 shares of the real estate investment trust's stock worth $1,655,991,000 after buying an additional 793,100 shares in the last quarter. Bank of America Corp DE grew its stake in Realty Income by 10.3% in the second quarter. Bank of America Corp DE now owns 19,117,994 shares of the real estate investment trust's stock valued at $1,184,551,000 after purchasing an additional 1,785,859 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Realty Income by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 13,018,219 shares of the real estate investment trust's stock valued at $796,457,000 after acquiring an additional 154,581 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Key Stories Impacting Realty Income

Here are the key news stories impacting Realty Income this week:

• Positive Sentiment: Realty Income formed a €528 million European net-lease joint venture with KKR covering 54 properties across four countries. The partnership provides long-term private capital, allows Realty Income to retain majority ownership and supports the company’s expanded $10 billion 2026 investment plan. This could accelerate property acquisitions while limiting the need for additional balance-sheet leverage. Realty Income and KKR Form €528M European JV
• Positive Sentiment: Commentary continues to highlight Realty Income’s high occupancy, recurring cash flows and long record of monthly dividend payments. Those characteristics may appeal to income-focused investors, particularly after the recent selloff. My Forever Portfolio: 3 Dividend-Paying Value Stocks That Are Too Cheap to Ignore
• Neutral Sentiment: Investors are weighing Realty Income’s approximately 5.5% yield and dividend-growth history against alternatives such as VICI Properties, which offers a higher current yield but has a different portfolio and risk profile. The comparison may limit near-term demand for O, even though Realty Income remains the more established income vehicle. Why VICI Properties’ 7.19% Yield Beats Realty Income’s Dividend Streak, At Least For Now
• Negative Sentiment: Recent market commentary describes Realty Income as having underperformed the broader market and trading near its 52-week low. Comparisons with Johnson & Johnson also argue that slower long-term capital appreciation could make O less attractive for investors prioritizing total returns over immediate income. Monthly Paydays vs. Compound Growth: Why JNJ Beats O for Long-Term Retirees

Realty Income Company Profile

Realty Income Corporation is a real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial properties. The company primarily uses long-term, single-tenant, net lease agreements, under which tenants generally assume responsibility for property-level expenses such as maintenance, insurance and taxes.

Its portfolio includes retail, industrial, distribution, office, gaming and other commercial properties. Realty Income serves a broad range of tenants, including convenience stores, grocery stores, pharmacies, home improvement retailers, restaurants, logistics operators and other established businesses.

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