Realty Income (NYSE:O) Earns Inline Rating from Analysts at Evercore ISI

Key Points

• Evercore ISI has initiated coverage on Realty Income (NYSE:O), assigning an "in-line" rating with a price target of $62.00, suggesting a 2.01% upside from the current price.
• Mizuho has increased its price target on Realty Income from $60.00 to $63.00, maintaining a "neutral" rating, with multiple other analysts also adjusting their targets recently.
• Realty Income reported $1.05 EPS in its last earnings results, slightly missing analysts' expectations, while showing a year-over-year revenue increase of 5.3%.

Evercore ISI began coverage on shares of Realty Income (NYSE:O - Get Free Report) in a research report issued on Wednesday, MarketBeat reports. The firm set an "inline" rating and a $62.00 price target on the real estate investment trust's stock. Evercore ISI's price target would indicate a potential upside of 2.58% from the company's current price.

O has been the subject of several other research reports. Cantor Fitzgerald set a $64.00 price target on shares of Realty Income and gave the company a "neutral" rating in a report on Wednesday. Wolfe Research cut Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. UBS Group increased their price target on Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Barclays lifted their price objective on Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a report on Wednesday, August 20th. Finally, Mizuho increased their target price on Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a research note on Thursday, September 11th. Three analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Realty Income presently has a consensus rating of "Hold" and an average price target of $62.25.

Realty Income Trading Down 0.1%

NYSE O traded down $0.08 during trading hours on Wednesday, hitting $60.44. The company's stock had a trading volume of 387,236 shares, compared to its average volume of 5,518,553. 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 $55.26 billion, a P/E ratio of 58.64, a PEG ratio of 4.63 and a beta of 0.77. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The stock has a fifty day moving average of $58.59 and a 200 day moving average of $57.30.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the company earned $1.07 EPS. The business's revenue for the quarter was up 5.3% 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.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of O. Compagnie Lombard Odier SCmA acquired a new position in shares of Realty Income in the second quarter valued at approximately $25,000. Keystone Global Partners LLC acquired a new position in Realty Income in the 1st quarter valued at $26,000. Avion Wealth increased its position in Realty Income by 142.4% during the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust's stock worth $30,000 after buying an additional 309 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Realty Income during the second quarter worth $31,000. Finally, Country Trust Bank boosted its position in shares of Realty Income by 806.5% in the second quarter. Country Trust Bank now owns 562 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 500 shares during the period. 70.81% of the stock is owned by 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.