Mizuho Downgrades Realty Income (NYSE:O) to Neutral

Realty Income (NYSE:O) was downgraded by research analysts at Mizuho from an “outperform” rating to a “neutral” rating in a research report issued on Thursday, Marketbeat Ratings reports. They presently have a $60.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $64.00. Mizuho’s price objective would suggest a potential upside of 6.14% from the stock’s previous close.

Several other brokerages also recently issued reports on O. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $65.00 price target (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 price target on shares of Realty Income in a report on Tuesday, August 6th. UBS Group upped their price target on shares of Realty Income from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Wedbush started coverage on shares of Realty Income in a report on Monday, August 19th. They issued a “neutral” rating and a $64.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price objective on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $63.85.

Realty Income Trading Up 0.8 %

Shares of Realty Income stock opened at $56.53 on Thursday. Realty Income has a 52-week low of $50.65 and a 52-week high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The company’s 50-day simple moving average is $61.43 and its 200-day simple moving average is $57.96. The firm has a market cap of $49.48 billion, a price-to-earnings ratio of 53.70, a price-to-earnings-growth ratio of 4.00 and a beta of 0.99.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm’s quarterly revenue was up 28.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.02 EPS. As a group, equities research analysts anticipate that Realty Income will post 4.19 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction of $303,850.00. Following the transaction, the director now owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. This trade represents a 48.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the transaction, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. The trade was a 6.05 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Realty Income

A number of institutional investors have recently bought and sold shares of O. Prestige Wealth Management Group LLC raised its holdings in Realty Income by 1,319.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 11,934 shares of the real estate investment trust’s stock worth $757,000 after purchasing an additional 11,093 shares during the last quarter. Resources Management Corp CT ADV raised its holdings in Realty Income by 7.6% during the 3rd quarter. Resources Management Corp CT ADV now owns 42,886 shares of the real estate investment trust’s stock worth $2,720,000 after purchasing an additional 3,044 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Realty Income by 0.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,984,125 shares of the real estate investment trust’s stock worth $125,833,000 after purchasing an additional 7,077 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Realty Income during the 3rd quarter worth about $233,000. Finally, MML Investors Services LLC raised its holdings in Realty Income by 1.1% during the 3rd quarter. MML Investors Services LLC now owns 104,997 shares of the real estate investment trust’s stock worth $6,659,000 after purchasing an additional 1,190 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.