Realty Income (NYSE:O) Cut to Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded Realty Income (O) from a "hold" to a "sell", though the broader analyst consensus remains a "Hold" with an average price target of $62.23.
• Realty Income slightly beat quarterly estimates with $1.08 EPS versus $1.07 expected and $1.47B revenue (up 10.5% YoY), and set FY2025 EPS guidance of 4.250–4.270.
• Director Mary Hogan Preusse sold 11,000 shares (~$664,730); insiders own 0.10% of the stock while institutional investors hold about 70.8%.

Realty Income (NYSE:O - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

O has been the subject of several other reports. Barclays boosted their target price on Realty Income from $63.00 to $64.00 and gave the stock an "equal weight" rating in a report on Wednesday. Weiss Ratings reissued a "hold (c+)" rating on shares of Realty Income in a report on Monday. Evercore ISI initiated coverage on shares of Realty Income in a report on Wednesday, October 1st. They set an "in-line" rating and a $62.00 price objective on the stock. Cantor Fitzgerald lowered their target price on Realty Income from $64.00 to $60.00 and set a "neutral" rating for the company in a research note on Thursday, November 6th. Finally, Royal Bank Of Canada boosted their price target on shares of Realty Income from $60.00 to $61.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 4th. Three equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $62.23.

Realty Income Stock Performance

NYSE:O opened at $58.42 on Friday. Realty Income has a twelve month low of $50.71 and a twelve month high of $61.08. The firm has a market cap of $53.74 billion, a price-to-earnings ratio of 54.09, a price-to-earnings-growth ratio of 3.65 and a beta of 0.80. The company has a 50-day moving average of $58.31 and a 200-day moving average of $57.94. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.01. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.35 billion. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The firm's revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.05 earnings per share. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Analysts forecast that Realty Income will post 4.19 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Mary Hogan Preusse sold 11,000 shares of the company's stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the sale, the director owned 19,211 shares in the company, valued at $1,160,920.73. This represents a 36.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.10% of the company's stock.

Hedge Funds Weigh In On Realty Income

A number of hedge funds have recently made changes to their positions in O. Moseley Investment Management Inc. lifted its stake in shares of Realty Income by 1.3% in the 2nd quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust's stock valued at $781,000 after purchasing an additional 175 shares during the last quarter. Crescent Sterling Ltd. lifted its holdings in Realty Income by 4.1% during the third quarter. Crescent Sterling Ltd. now owns 4,515 shares of the real estate investment trust's stock worth $274,000 after buying an additional 176 shares during the period. Castle Rock Wealth Management LLC boosted its position in Realty Income by 0.6% during the second quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust's stock valued at $1,552,000 after purchasing an additional 177 shares in the last quarter. Creative Financial Designs Inc. ADV grew its holdings in Realty Income by 10.7% in the second quarter. Creative Financial Designs Inc. ADV now owns 1,833 shares of the real estate investment trust's stock worth $106,000 after purchasing an additional 177 shares during the last quarter. Finally, Revisor Wealth Management LLC grew its stake in shares of Realty Income by 2.3% during the second quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust's stock worth $454,000 after acquiring an additional 178 shares during the last quarter. Institutional investors own 70.81% of the company's stock.

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.

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