Realty Income (NYSE:O) Price Target Lowered to $57.00 at Scotiabank

Realty Income (NYSE:O) had its price objective dropped by Scotiabank from $59.00 to $57.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s target price indicates a potential downside of 0.05% from the company’s previous close.

O has been the topic of a number of other reports. Stifel Nicolaus cut their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. UBS Group lowered their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Mizuho lowered their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. 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. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price for the company. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $61.81.

Realty Income Trading Up 0.8 %

O traded up $0.46 on Friday, hitting $57.03. 7,517,015 shares of the company were exchanged, compared to its average volume of 4,959,833. The firm has a fifty day simple moving average of $54.16 and a two-hundred day simple moving average of $57.97. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. Realty Income has a 12 month low of $50.65 and a 12 month high of $64.88. The stock has a market capitalization of $49.91 billion, a PE ratio of 54.31, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Sell-side analysts expect that Realty Income will post 4.19 earnings per share for the current year.

Institutional Trading of Realty Income

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Trust Co. of Vermont boosted its position in Realty Income by 12.7% during the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock valued at $13,540,000 after acquiring an additional 28,480 shares in the last quarter. Atlanta Consulting Group Advisors LLC purchased a new stake in shares of Realty Income during the 3rd quarter valued at $896,000. Charles Schwab Investment Management Inc. raised its stake in Realty Income by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock worth $617,028,000 after acquiring an additional 463,286 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in Realty Income by 6.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust’s stock worth $93,850,000 after acquiring an additional 101,184 shares during the last quarter. Finally, Swiss National Bank raised its stake in Realty Income by 1.4% in the 3rd quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock worth $163,921,000 after acquiring an additional 35,100 shares during 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.