Stifel Nicolaus Forecasts Strong Price Appreciation for Realty Income (NYSE:O) Stock

Realty Income (NYSE:O - Get Free Report) had its target price lifted by analysts at Stifel Nicolaus from $65.50 to $68.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the real estate investment trust's stock. Stifel Nicolaus' target price would suggest a potential upside of 20.47% from the company's previous close.

Other analysts also recently issued reports about the company. Royal Bank of Canada lowered their target price on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. BNP Paribas lowered Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective for the company. in a report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price objective on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday. Mizuho boosted their price target on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Finally, Scotiabank cut their price objective on Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $62.00.

Realty Income Trading Down 0.9 %

NYSE:O traded down $0.50 on Tuesday, hitting $56.44. The stock had a trading volume of 2,070,767 shares, compared to its average volume of 5,189,467. Realty Income has a 1-year low of $50.71 and a 1-year high of $64.88. The stock has a market cap of $50.34 billion, a price-to-earnings ratio of 53.72, a PEG ratio of 2.10 and a beta of 0.78. The company has a fifty day moving average price of $56.59 and a two-hundred day moving average price of $56.08. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.06. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the firm posted $1.03 EPS. The business's revenue was up 9.5% compared to the same quarter last year. Equities research analysts expect that Realty Income will post 4.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Lee Danner & Bass Inc. bought a new stake in Realty Income in the fourth quarter valued at $28,000. Hopwood Financial Services Inc. purchased a new position in shares of Realty Income in the fourth quarter worth $29,000. Sierra Ocean LLC purchased a new stake in shares of Realty Income during the 4th quarter valued at about $32,000. PSI Advisors LLC raised its stake in Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 252 shares during the last quarter. Finally, Millstone Evans Group LLC bought a new stake in shares of Realty Income during the 4th quarter valued at about $34,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

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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