Realty Income (NYSE:O) Price Target Raised to $58.00

Realty Income (NYSE:O - Free Report) had its target price increased by Scotiabank from $57.00 to $58.00 in a report published on Monday morning,Benzinga reports. Scotiabank currently has a sector perform rating on the real estate investment trust's stock.

Several other analysts have also recently weighed in on O. Mizuho upped 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. JPMorgan Chase & Co. decreased their price objective on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Wedbush reaffirmed a "neutral" rating and set a $61.00 price objective on shares of Realty Income in a research note on Wednesday, May 7th. Royal Bank of Canada decreased their price objective 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. Finally, Stifel Nicolaus upped their price objective on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Realty Income presently has an average rating of "Hold" and a consensus price target of $61.15.

Realty Income Price Performance

O traded up $0.90 during midday trading on Monday, reaching $56.30. 6,475,070 shares of the company's stock were exchanged, compared to its average volume of 5,225,806. The firm has a market capitalization of $50.85 billion, a price-to-earnings ratio of 53.62, a price-to-earnings-growth 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 has a one year low of $50.71 and a one year high of $64.88. The business has a 50-day simple moving average of $56.31 and a two-hundred day simple moving average of $55.76.

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

Realty Income Dividend Announcement

The firm also recently disclosed a jun 25 dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be issued a $0.2685 dividend. The ex-dividend date is Monday, June 2nd. This represents a yield of 5.8%. Realty Income's dividend payout ratio is currently 292.73%.

Institutional Trading of Realty Income

Several institutional investors and hedge funds have recently made changes to their positions in O. Raymond James Financial Inc. acquired a new stake in Realty Income in the fourth quarter worth $553,572,000. Trust Co. of Vermont raised its holdings in Realty Income by 12.7% in the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust's stock worth $13,540,000 after purchasing an additional 28,480 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Realty Income by 27.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock worth $40,656,000 after purchasing an additional 166,178 shares during the period. Asset Management One Co. Ltd. raised its holdings in Realty Income by 6.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust's stock worth $93,850,000 after purchasing an additional 101,184 shares during the period. Finally, Czech National Bank raised its holdings in Realty Income by 7.0% in the fourth quarter. Czech National Bank now owns 189,763 shares of the real estate investment trust's stock worth $10,135,000 after purchasing an additional 12,358 shares during the period. 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.