Realty Income (NYSE:O) Given New $61.00 Price Target at JPMorgan Chase & Co.

Realty Income (NYSE:O - Get Free Report) had its price objective dropped by analysts at JPMorgan Chase & Co. from $64.00 to $61.00 in a report released on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the real estate investment trust's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 6.54% from the stock's previous close.

O has been the topic of several other research reports. BNP Paribas cut shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price on the stock. in a research note on Tuesday, February 25th. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Royal Bank of Canada decreased their target price on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Mizuho increased their price target on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Finally, Stifel Nicolaus lowered their price objective on Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Realty Income presently has a consensus rating of "Hold" and an average target price of $61.88.

Realty Income Price Performance

Shares of O stock traded up $0.30 on Monday, reaching $57.26. 688,525 shares of the company were exchanged, compared to its average volume of 5,186,749. The company has a market cap of $51.06 billion, a price-to-earnings ratio of 54.49, a P/E/G ratio of 2.10 and a beta of 0.78. Realty Income has a 1 year low of $50.71 and a 1 year high of $64.88. The business has a 50-day moving average price of $56.58 and a 200 day moving average price of $56.14. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Equities research analysts forecast that Realty Income will post 4.19 earnings per share for the current fiscal year.

Institutional Trading of Realty Income

Hedge funds and other institutional investors have recently bought and sold shares of the business. Lee Danner & Bass Inc. acquired a new position in Realty Income in the fourth quarter valued at approximately $28,000. Hopwood Financial Services Inc. acquired a new stake in shares of Realty Income during the fourth quarter worth $29,000. Sierra Ocean LLC acquired a new stake in shares of Realty Income in the 4th quarter worth $32,000. PSI Advisors LLC lifted its position in Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 252 shares during the period. Finally, Millstone Evans Group LLC purchased a new position in shares of Realty Income during the 4th quarter worth approximately $34,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

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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