Realty Income (NYSE:O) Price Target Raised to $59.00 at Barclays

Key Points

• Barclays has raised the price target for Realty Income from $58.00 to $59.00, maintaining an "equal weight" rating on the stock.
• Realty Income's stock currently has a consensus price target of $61.82, with three analysts rating it as a Buy and nine as a Hold.
• The company's recent earnings report indicated a missed EPS estimate of $1.05, falling short of the $1.06 consensus, despite revenue increasing by 5.3% year-on-year.

Realty Income (NYSE:O - Get Free Report) had its price objective boosted by equities research analysts at Barclays from $58.00 to $59.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the real estate investment trust's stock. Barclays's price target would suggest a potential downside of 1.21% from the stock's previous close.

Other analysts have also recently issued research reports about the company. Scotiabank lifted their price objective on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. 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 lifted their price target on shares of Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, August 15th. JPMorgan Chase & Co. reduced 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. Finally, Wedbush restated a "neutral" rating and set a $61.00 target price on shares of Realty Income in a research report on Wednesday, May 7th. Three analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Realty Income currently has an average rating of "Hold" and a consensus price target of $61.82.

Realty Income Price Performance

Shares of O traded up $0.7140 during mid-day trading on Wednesday, reaching $59.7240. 2,040,552 shares of the company's stock were exchanged, compared to its average volume of 5,486,084. 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 52-week low of $50.71 and a 52-week high of $64.88. The company has a market cap of $54.61 billion, a price-to-earnings ratio of 57.96, a PEG ratio of 4.42 and a beta of 0.76. The company has a 50-day simple moving average of $57.45 and a two-hundred day simple moving average of $56.61.

Realty Income (NYSE:O - Get Free Report) last announced its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. Realty Income's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.07 EPS. On average, sell-side analysts predict that Realty Income will post 4.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Realty Income

A number of large investors have recently bought and sold shares of the business. Compagnie Lombard Odier SCmA acquired a new stake in shares of Realty Income during the 2nd quarter worth approximately $25,000. Keystone Global Partners LLC bought a new position in Realty Income during the 1st quarter worth $26,000. Avion Wealth increased its position in Realty Income by 142.4% in 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 during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in Realty Income in the second quarter worth $31,000. Finally, Country Trust Bank lifted its stake in 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 buying an additional 500 shares during the last quarter. Institutional investors own 70.81% of the company's stock.

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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