Realty Income (NYSE:O) Stock Price Expected to Rise, Mizuho Analyst Says

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 - Get Free Report) had its price target boosted by stock analysts at Mizuho from $60.00 to $63.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the real estate investment trust's stock. Mizuho's price objective would indicate a potential upside of 5.06% from the company's previous close.

Other analysts have also issued research reports about the stock. Barclays lifted their target price on shares of Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 20th. UBS Group raised their price target on shares of Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Scotiabank boosted their price objective on Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 28th. Finally, Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Three analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Realty Income presently has a consensus rating of "Hold" and an average target price of $62.36.

Realty Income Trading Up 0.9%

NYSE O opened at $59.96 on Thursday. Realty Income has a 1 year low of $50.71 and a 1 year high of $64.88. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The company has a fifty day moving average of $57.82 and a 200 day moving average of $57.03. The company has a market capitalization of $54.82 billion, a PE ratio of 58.04, a P/E/G ratio of 4.55 and a beta of 0.77.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.33 billion. During the same period in the previous year, the firm posted $1.07 EPS. The firm's quarterly revenue was up 5.3% on a year-over-year basis. Research analysts forecast that Realty Income will post 4.19 earnings per share for the current year.

Hedge Funds Weigh In On Realty Income

Several institutional investors and hedge funds have recently modified their holdings of the company. Moseley Investment Management Inc. grew its position in shares of Realty Income by 1.3% in the second quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust's stock valued at $781,000 after purchasing an additional 175 shares during the period. Castle Rock Wealth Management LLC grew its position in shares of Realty Income by 0.6% in the second quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust's stock valued at $1,552,000 after purchasing an additional 177 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in Realty Income by 10.7% in the second quarter. Creative Financial Designs Inc. ADV now owns 1,833 shares of the real estate investment trust's stock valued at $106,000 after acquiring an additional 177 shares during the last quarter. Revisor Wealth Management LLC boosted its holdings in Realty Income by 2.3% in the second quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust's stock valued at $454,000 after acquiring an additional 178 shares during the last quarter. Finally, Pure Financial Advisors LLC boosted its holdings in Realty Income by 3.5% in the second quarter. Pure Financial Advisors LLC now owns 5,519 shares of the real estate investment trust's stock valued at $318,000 after acquiring an additional 185 shares during the last quarter. Hedge funds and other 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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