Realty Income (NYSE:O) Given New $62.00 Price Target at UBS Group

Realty Income (NYSE:O - Get Free Report) had its price objective dropped by stock analysts at UBS Group from $64.00 to $62.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the real estate investment trust's stock. UBS Group's price objective suggests a potential upside of 12.67% from the stock's previous close.

Other research analysts also recently issued research reports about the stock. Barclays reissued an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Wedbush reissued a "neutral" rating and issued a $61.00 price objective on shares of Realty Income in a research report on Wednesday, May 7th. JPMorgan Chase & Co. dropped their price objective on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Mizuho lifted their price objective on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Finally, BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target on the stock. in a report on Tuesday, February 25th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $61.15.

Realty Income Trading Down 1.6%

NYSE O traded down $0.91 during trading hours on Tuesday, hitting $55.03. The company's stock had a trading volume of 3,078,194 shares, compared to its average volume of 5,193,319. The stock has a fifty day moving average of $56.50 and a 200 day moving average of $55.85. Realty Income has a twelve month low of $50.71 and a twelve month high of $64.88. The firm has a market capitalization of $49.70 billion, a P/E ratio of 52.41, a PEG ratio of 2.10 and a beta of 0.78. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the business posted $1.03 earnings per share. The business's revenue for the quarter was up 9.5% compared to the same quarter last year. Equities research analysts forecast that Realty Income will post 4.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Realty Income

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in shares of Realty Income by 3.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 12,108,561 shares of the real estate investment trust's stock worth $702,381,000 after purchasing an additional 451,307 shares during the period. Horizon Investments LLC lifted its holdings in shares of Realty Income by 5.4% in the 1st quarter. Horizon Investments LLC now owns 13,139 shares of the real estate investment trust's stock worth $755,000 after buying an additional 676 shares during the period. Kovitz Investment Group Partners LLC grew its holdings in Realty Income by 10.9% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 86,668 shares of the real estate investment trust's stock worth $5,028,000 after acquiring an additional 8,550 shares in the last quarter. Vestmark Advisory Solutions Inc. lifted its position in Realty Income by 50.2% during the first quarter. Vestmark Advisory Solutions Inc. now owns 29,016 shares of the real estate investment trust's stock valued at $1,683,000 after acquiring an additional 9,702 shares during the last quarter. Finally, Community Bank of Raymore lifted its position in Realty Income by 19.7% during the first quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust's stock valued at $8,636,000 after acquiring an additional 24,467 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

About Realty Income

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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