Mizuho Increases Realty Income (NYSE:O) Price Target to $63.00

Key Points

• Mizuho analysts have increased Realty Income's price target from $60.00 to $63.00, suggesting a potential upside of 5.06% from its previous close.
• Overall, Realty Income holds a consensus rating of "Hold" among analysts, with three recommending a "Buy" and nine an "Equal Weight" rating.
• In its latest earnings report, Realty Income reported $1.05 earnings per share, slightly below the expected $1.06, while revenue increased 5.3% year-over-year.

Realty Income (NYSE:O - Free Report) had its price target lifted by Mizuho from $60.00 to $63.00 in a report published on Thursday morning,Benzinga reports. Mizuho currently has a neutral rating on the real estate investment trust's stock.

Several other research analysts have also recently commented on O. Scotiabank increased their price target on Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a research report on Thursday, August 28th. UBS Group boosted their target price on Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Wolfe Research downgraded Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Finally, Barclays upped their price objective on shares of Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a report on Wednesday, August 20th. Three research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Realty Income presently has a consensus rating of "Hold" and a consensus price target of $62.36.

Realty Income Stock Down 0.0%

Shares of Realty Income stock traded down $0.02 on Thursday, hitting $60.40. The company had a trading volume of 3,339,295 shares, compared to its average volume of 5,479,631. The firm has a market capitalization of $55.22 billion, a P/E ratio of 58.64, a P/E/G ratio of 4.62 and a beta of 0.77. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. Realty Income has a twelve month low of $50.71 and a twelve month high of $64.88. The stock has a 50-day moving average of $57.92 and a 200-day moving average of $57.09.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm had revenue of $1.34 billion during 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%. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.07 EPS. Research analysts predict that Realty Income will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given a dividend of $0.2695 per share. The ex-dividend date is Wednesday, October 1st. This represents a c) annualized dividend and a yield of 5.4%. This is a boost from Realty Income's previous monthly dividend of $0.27. Realty Income's dividend payout ratio is 313.59%.

Hedge Funds Weigh In On Realty Income

Large investors 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. Keystone Global Partners LLC acquired a new position in shares of Realty Income in the 1st quarter worth approximately $26,000. Avion Wealth boosted its stake in shares of Realty Income by 142.4% in the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 309 shares during the last quarter. 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 Realty Income by 806.5% during 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 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.