Realty Income (NYSE:O) Earns "Hold (C)" Rating from Weiss Ratings

Key Points

• Realty Income has been given a "Hold (C)" rating by Weiss Ratings, with a consensus rating of "Hold" and an average price target of $62.25 according to MarketBeat.com.
• Shares of Realty Income opened at $59.01, reflecting a 1.0% decline, with the firm reporting earnings of $1.05 per share for the last quarter, slightly missing estimates.
• Recent insider activity includes Director Mary Hogan Preusse selling 11,000 shares at an average price of $60.43, reducing ownership by over 36%.

Realty Income (NYSE:O - Get Free Report)'s stock had its "hold (c)" rating reissued by equities researchers at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other analysts have also recently commented on O. Cantor Fitzgerald assumed coverage on shares of Realty Income in a research note on Wednesday, October 1st. They issued a "neutral" rating and a $64.00 price objective for the company. Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. UBS Group raised their price objective on shares of Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Evercore ISI assumed coverage on shares of Realty Income in a research note on Wednesday, October 1st. They issued an "in-line" rating and a $62.00 price objective for the company. Finally, Barclays raised their price objective on shares of Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 20th. Three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, Realty Income presently has a consensus rating of "Hold" and an average target price of $62.25.

Realty Income Stock Down 1.0%

Shares of NYSE:O opened at $59.01 on Wednesday. The company has a market cap of $53.95 billion, a price-to-earnings ratio of 57.29, a PEG ratio of 4.56 and a beta of 0.78. The firm's 50-day simple moving average is $58.88 and its 200-day simple moving average is $57.44. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. Realty Income has a fifty-two week low of $50.71 and a fifty-two week high of $64.88.

Realty Income (NYSE:O - Get Free Report) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.33 billion. During the same period in the previous year, the firm earned $1.07 EPS. The firm's revenue was up 5.3% on a year-over-year basis. As a group, equities research analysts predict that Realty Income will post 4.19 earnings per share for the current year.

Insider Activity at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the sale, the director directly owned 19,211 shares in the company, valued at $1,160,920.73. The trade was a 36.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Realty Income

Hedge funds and other institutional investors have recently modified their holdings of the company. Compagnie Lombard Odier SCmA purchased a new stake in shares of Realty Income during the second quarter worth about $25,000. Keystone Global Partners LLC purchased a new stake in shares of Realty Income during the first quarter worth about $26,000. Heartwood Wealth Advisors LLC purchased a new stake in shares of Realty Income during the third quarter worth about $29,000. Avion Wealth grew its holdings in shares of Realty Income by 142.4% during the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust's stock worth $30,000 after buying an additional 309 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Realty Income during the second quarter worth about $31,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

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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