Wall Street Zen Upgrades Realty Income (NYSE:O) to “Hold”

Realty Income (NYSE:O) was upgraded by stock analysts at Wall Street Zen from a “strong sell” rating to a “hold” rating in a report issued on Monday.

A number of other equities analysts have also weighed in on the stock. Scotiabank boosted their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 28th. Wolfe Research downgraded shares of Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Cantor Fitzgerald decreased their target price on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. UBS Group upped their price target on Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Finally, Evercore ISI began coverage on Realty Income in a report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, Realty Income currently has a consensus rating of “Hold” and an average target price of $62.33.

Realty Income Stock Performance

Shares of NYSE:O opened at $57.16 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. Realty Income has a 1 year low of $50.71 and a 1 year high of $61.08. The firm has a market capitalization of $52.58 billion, a PE ratio of 55.50, a P/E/G ratio of 4.46 and a beta of 0.77. The business’s 50 day moving average price is $59.15 and its 200-day moving average price is $57.87.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the firm posted $1.05 EPS. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, equities research analysts expect that Realty Income will post 4.19 earnings per share for the current fiscal year.

Insider Activity at Realty Income

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in O. Compagnie Lombard Odier SCmA purchased a new position in Realty Income during the second quarter worth approximately $25,000. Keystone Global Partners LLC acquired a new stake in shares of Realty Income during the 1st quarter worth $26,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of Realty Income during the 3rd quarter worth $29,000. Avion Wealth raised its position in shares of Realty Income by 142.4% in the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 309 shares during the period. Finally, Strengthening Families & Communities LLC boosted its holdings in Realty Income by 586.1% in the third quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 422 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.