Wedbush Reiterates Neutral Rating for Realty Income (NYSE:O)

Realty Income (NYSE:O - Get Free Report)'s stock had its "neutral" rating reaffirmed by stock analysts at Wedbush in a note issued to investors on Wednesday,Benzinga reports. They currently have a $61.00 price objective on the real estate investment trust's stock. Wedbush's target price suggests a potential upside of 6.78% from the company's current price.

Other equities analysts have also recently issued research reports about the company. Royal Bank of Canada decreased their price objective on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Scotiabank decreased their price target on Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. BNP Paribas cut shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective on the stock. in a research note on Tuesday, February 25th. Barclays reiterated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Finally, 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. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $61.77.

Realty Income Stock Up 0.6 %

O traded up $0.34 on Wednesday, hitting $57.13. The company had a trading volume of 1,816,355 shares, compared to its average volume of 5,183,252. Realty Income has a 12-month low of $50.71 and a 12-month high of $64.88. The stock has a market capitalization of $50.94 billion, a price-to-earnings ratio of 54.40, a P/E/G ratio of 2.10 and a beta of 0.78. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a fifty day moving average price of $56.60 and a 200-day moving average price of $56.09.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. 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 company earned $1.03 earnings per share. The company's quarterly revenue was up 9.5% on a year-over-year basis. Analysts predict that Realty Income will post 4.19 EPS for the current fiscal year.

Institutional Trading of Realty Income

A number of institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in Realty Income during the 4th quarter valued at about $624,666,000. Raymond James Financial Inc. purchased a new position in Realty Income during the fourth quarter worth approximately $553,572,000. Northern Trust Corp boosted its stake in Realty Income by 41.2% during the fourth 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. California Public Employees Retirement System increased its stake in shares of Realty Income by 26.7% in the 4th quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust's stock worth $205,628,000 after acquiring an additional 811,037 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Realty Income by 6,002.1% during the 1st quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust's stock valued at $40,988,000 after acquiring an additional 694,983 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.