Realty Income (NYSE:O) Receives Underweight Rating from JPMorgan Chase & Co.

Key Points

• JPMorgan reaffirmed an "underweight" rating on Realty Income with a $61 price target, implying roughly a 5.6% upside from the prior close.
• The analyst consensus is a Hold (3 Buy / 10 Hold / 1 Sell) with an average price target of $62, reflecting mixed broker views on the REIT.
• Realty Income slightly beat Q3 estimates (EPS $1.08 vs. $1.07; revenue $1.47B vs. $1.35B), issued FY2025 guidance of $4.25–$4.27 EPS, and trades around $57.77 with a P/E near 53.5.

Realty Income (NYSE:O - Get Free Report)'s stock had its "underweight" rating reaffirmed by research analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday,Benzinga reports. They currently have a $61.00 price objective on the real estate investment trust's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 5.60% from the company's previous close.

Several other brokerages have also recently commented on O. Cantor Fitzgerald dropped their target price on shares of Realty Income from $64.00 to $60.00 and set a "neutral" rating for the company in a research report on Thursday, November 6th. Barclays boosted their price objective on shares of Realty Income from $63.00 to $64.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 3rd. Royal Bank Of Canada raised their target price on Realty Income from $60.00 to $61.00 and gave the company an "outperform" rating in a report on Tuesday, November 4th. Weiss Ratings reissued a "hold (c)" rating on shares of Realty Income in a report on Monday. Finally, Wall Street Zen raised Realty Income from a "sell" rating to a "hold" rating in a research note on Sunday. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Realty Income has an average rating of "Hold" and an average price target of $62.00.

Realty Income Stock Performance

NYSE:O opened at $57.77 on Thursday. The company has a market cap of $53.14 billion, a price-to-earnings ratio of 53.49, a PEG ratio of 3.60 and a beta of 0.80. Realty Income has a fifty-two week low of $50.71 and a fifty-two week high of $61.08. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a fifty day moving average price of $57.88 and a 200-day moving average price of $58.04.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.01. The company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.35 billion. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.Realty Income's revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the business earned $1.05 earnings per share. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, equities analysts anticipate that Realty Income will post 4.19 EPS for the current fiscal year.

Insider Transactions at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the sale, the director directly owned 19,211 shares in the company, valued at $1,160,920.73. This trade represents a 36.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Realty Income

A number of hedge funds have recently modified their holdings of the business. Compagnie Lombard Odier SCmA acquired a new stake in Realty Income in the second quarter valued at $25,000. Stance Capital LLC bought a new stake in shares of Realty Income in the 3rd quarter valued at about $27,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of Realty Income in the third quarter valued at about $29,000. Avion Wealth raised its position in shares of Realty Income by 142.4% during the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 309 shares during the last quarter. Finally, Strengthening Families & Communities LLC lifted its stake in shares of Realty Income by 586.1% in the third quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 422 shares during the period. Institutional investors and hedge funds 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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