UBS Group Issues Positive Forecast for Realty Income (NYSE:O) Stock Price

Key Points

• UBS Group has increased the price target for Realty Income (NYSE:O) from $62.00 to $66.00, indicating a potential upside of 14.05% from its current price.
• Realty Income reported earnings of $1.05 per share for the last quarter, slightly missing analyst estimates, with revenue increasing 5.3% year-over-year to $1.34 billion.
• Institutional investors own 70.81% of Realty Income's stock, reflecting strong confidence among major fund managers in the REIT's stability and growth potential.

Realty Income (NYSE:O - Get Free Report) had its price target increased by investment analysts at UBS Group from $62.00 to $66.00 in a report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the real estate investment trust's stock. UBS Group's price target suggests a potential upside of 14.05% from the company's current price.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. dropped their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Stifel Nicolaus upped their price target on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Wolfe Research lowered shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Finally, Wedbush reaffirmed a "neutral" rating and set a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $61.73.

Realty Income Trading Up 0.1%

Shares of O traded up $0.05 on Friday, reaching $57.87. 810,394 shares of the company's stock were exchanged, compared to its average volume of 5,488,670. 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 stock has a market capitalization of $52.91 billion, a P/E ratio of 56.23, a price-to-earnings-growth ratio of 4.60 and a beta of 0.76. The business has a 50 day moving average price of $57.34 and a two-hundred day moving average price of $56.51. Realty Income has a 12 month low of $50.71 and a 12 month high of $64.88.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) 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 firm posted $1.07 earnings per share. The firm's revenue was up 5.3% on a year-over-year basis. Research analysts anticipate that Realty Income will post 4.19 earnings per share for the current year.

Institutional Trading of Realty Income

Several hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Realty Income in the 2nd quarter worth about $676,500,000. Northern Trust Corp boosted its holdings in shares of Realty Income by 41.2% in the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock worth $701,792,000 after buying an additional 3,834,403 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Realty Income by 2.5% during the second quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust's stock valued at $8,418,907,000 after purchasing an additional 3,624,852 shares during the last quarter. Nuveen LLC purchased a new stake in Realty Income during the first quarter valued at about $207,573,000. Finally, Geode Capital Management LLC lifted its holdings in Realty Income by 8.3% during the second quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust's stock valued at $1,548,687,000 after purchasing an additional 2,058,031 shares during the last quarter. 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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