Realty Income (NYSE:O) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Realty Income (NYSE:O) from a hold rating to a sell rating in a research note issued to investors on Saturday.

O has been the topic of a number of other reports. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a research note on Monday, December 22nd. Evercore ISI started coverage on Realty Income in a report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 target price on the stock. Wells Fargo & Company raised their target price on Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. Royal Bank Of Canada upped their price target on shares of Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Finally, Barclays increased their price objective on shares of Realty Income from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 3rd. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $62.23.

Realty Income Stock Performance

Shares of NYSE O opened at $56.82 on Friday. The firm’s 50-day moving average price is $57.46 and its 200-day moving average price is $58.04. Realty Income has a 52-week low of $50.71 and a 52-week high of $61.08. The company has a market cap of $52.26 billion, a PE ratio of 52.61, a PEG ratio of 3.56 and a beta of 0.80. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the previous year, the company earned $1.05 earnings per share. The firm’s quarterly revenue 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, analysts anticipate that Realty Income will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.27 per share. This is an increase from Realty Income’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Realty Income’s payout ratio is presently 299.07%.

Institutional Trading of Realty Income

Several institutional investors and hedge funds have recently modified their holdings of the company. Moseley Investment Management Inc. increased its stake in Realty Income by 1.3% in the 2nd quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust’s stock worth $781,000 after buying an additional 175 shares in the last quarter. Crescent Sterling Ltd. boosted its stake in shares of Realty Income by 4.1% in the third quarter. Crescent Sterling Ltd. now owns 4,515 shares of the real estate investment trust’s stock worth $274,000 after acquiring an additional 176 shares during the period. Castle Rock Wealth Management LLC boosted its stake in shares of Realty Income by 0.6% in the second quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust’s stock worth $1,552,000 after acquiring an additional 177 shares during the period. Creative Financial Designs Inc. ADV grew its position in shares of Realty Income by 10.7% during the second quarter. Creative Financial Designs Inc. ADV now owns 1,833 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 177 shares in the last quarter. Finally, Revisor Wealth Management LLC grew its position in shares of Realty Income by 2.3% during the second quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust’s stock worth $454,000 after purchasing an additional 178 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

About Realty Income

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.