Realty Income (NYSE:O) Now Covered by Cantor Fitzgerald

Key Points

• Realty Income has been upgraded to a "hold" rating by Cantor Fitzgerald, as reported in their latest analysis.
• Analysts show a mixed sentiment towards Realty Income, with three analysts assigning a Buy rating and ten giving it a Hold rating, resulting in an average price target of $62.25.
• The stock price has fluctuated between a 12-month low of $50.71 and a high of $64.88, with shares opening at $60.55 on the day of the report.

Research analysts at Cantor Fitzgerald began coverage on shares of Realty Income (NYSE:O - Get Free Report) in a report issued on Wednesday, MarketBeat Ratings reports. The firm set a "neutral" rating and a $64.00 price target on the real estate investment trust's stock. Cantor Fitzgerald's target price suggests a potential upside of 5.71% from the stock's current price.

Several other analysts also recently issued reports on O. Mizuho boosted their price objective on Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, September 11th. UBS Group boosted their price objective on Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Barclays boosted their price objective on Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 20th. Evercore ISI started coverage on Realty Income in a report on Wednesday. They set an "in-line" rating and a $62.00 price objective on the stock. Finally, Scotiabank boosted their price objective on Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. Three analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $62.25.

Realty Income Price Performance

Shares of NYSE O opened at $60.55 on Wednesday. Realty Income has a twelve month low of $50.71 and a twelve month high of $64.88. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $55.36 billion, a price-to-earnings ratio of 58.78, a PEG ratio of 4.65 and a beta of 0.78. The firm has a 50-day moving average of $58.64 and a two-hundred day moving average of $57.32.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the company posted $1.07 earnings per share. Realty Income's revenue was up 5.3% compared to the same quarter last year. As a group, analysts expect that Realty Income will post 4.19 earnings per share for the current fiscal year.

Insider Buying and Selling at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of the company's stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the transaction, the director owned 19,211 shares in the company, valued at $1,160,920.73. This represents a 36.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Realty Income

Large investors have recently made changes to their positions in the company. Norinchukin Bank The grew its stake in shares of Realty Income by 9.7% in the 1st quarter. Norinchukin Bank The now owns 84,968 shares of the real estate investment trust's stock valued at $4,929,000 after buying an additional 7,497 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Realty Income by 5.3% in the 1st quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust's stock valued at $23,018,000 after buying an additional 19,965 shares in the last quarter. Community Bank of Raymore grew its stake in shares of Realty Income by 19.7% in the 1st quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust's stock valued at $8,636,000 after buying an additional 24,467 shares in the last quarter. Venture Visionary Partners LLC grew its stake in shares of Realty Income by 6.2% in the 1st quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust's stock valued at $8,266,000 after buying an additional 8,297 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Realty Income by 0.4% in the 1st quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust's stock valued at $662,589,000 after buying an additional 48,024 shares in the last quarter. 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.