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

Key Points

• Mizuho raised its price target on Realty Income to $68 (from $60) and kept a "neutral" rating, implying about a 4.8% upside from the current price.
• Analyst coverage is mixed with an average target of $66.18 and a tally of 6 Buys, 9 Holds and 1 Sell, leaving the consensus rating at "Hold".
• Realty Income's latest quarter met expectations with $1.08 EPS and $1.40B revenue (up 11% YoY), and the company set FY2026 guidance of 4.380–4.420 EPS.

Realty Income (NYSE:O - Get Free Report) had its target price hoisted by research analysts at Mizuho from $60.00 to $68.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the real estate investment trust's stock. Mizuho's target price would indicate a potential upside of 4.83% from the stock's current price.

Several other equities analysts also recently weighed in on the stock. Stifel Nicolaus increased their price target on shares of Realty Income from $67.75 to $70.50 and gave the stock a "buy" rating in a report on Wednesday, February 25th. Barclays lifted their price objective on shares of Realty Income from $63.00 to $64.00 and gave the company an "equal weight" rating in a research note on Wednesday, December 3rd. Loop Capital set a $69.00 price objective on shares of Realty Income in a report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of Realty Income from a "hold" rating to a "buy" rating and set a $69.00 price objective on the stock in a research note on Tuesday, January 20th. Finally, Evercore restated a "positive" rating on shares of Realty Income in a research report on Wednesday, February 25th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Realty Income presently has an average rating of "Hold" and a consensus target price of $66.18.

Realty Income Stock Performance

Shares of O stock opened at $64.87 on Wednesday. The business has a fifty day moving average of $62.48 and a 200 day moving average of $59.77. Realty Income has a 1 year low of $50.71 and a 1 year high of $67.93. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of $60.49 billion, a price-to-earnings ratio of 55.44, a price-to-earnings-growth ratio of 3.87 and a beta of 0.77.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.08 earnings per share for the quarter, meeting analysts' consensus estimates of $1.08. Realty Income had a return on equity of 2.68% and a net margin of 18.41%.The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the company earned $1.05 earnings per share. The company's revenue was up 11.0% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. As a group, research analysts expect that Realty Income will post 4.19 earnings per share for the current year.

Institutional Trading of Realty Income

A number of institutional investors and hedge funds have recently made changes to their positions in O. Brighton Jones LLC raised its position in Realty Income by 11.2% during the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock worth $326,000 after acquiring an additional 615 shares during the period. Bison Wealth LLC purchased a new stake in shares of Realty Income during the fourth quarter worth about $571,000. Empowered Funds LLC raised its position in shares of Realty Income by 8.0% during the 1st quarter. Empowered Funds LLC now owns 18,029 shares of the real estate investment trust's stock worth $1,041,000 after purchasing an additional 1,330 shares during the last quarter. Woodline Partners LP raised its position in shares of Realty Income by 41.3% during the 1st quarter. Woodline Partners LP now owns 73,942 shares of the real estate investment trust's stock worth $4,289,000 after purchasing an additional 21,603 shares during the last quarter. Finally, Intech Investment Management LLC lifted its stake in Realty Income by 14.9% in the 1st quarter. Intech Investment Management LLC now owns 25,401 shares of the real estate investment trust's stock valued at $1,474,000 after buying an additional 3,290 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

About Realty Income

Realty Income Corporation NYSE: O is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company's business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income's portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.

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