Royal Bank of Canada Has Lowered Expectations for Realty Income (NYSE:O) Stock Price

Realty Income (NYSE:O) had its price target cut by stock analysts at Royal Bank of Canada from $62.00 to $60.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s price objective points to a potential upside of 6.33% from the company’s previous close.

O has been the topic of several other reports. Mizuho decreased their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target for the company. BNP Paribas downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective for the company. in a report on Tuesday. Stifel Nicolaus decreased their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, Barclays decreased their price objective on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $61.96.

Realty Income Stock Performance

Shares of O stock traded up $0.19 on Wednesday, hitting $56.43. 2,541,222 shares of the stock traded hands, compared to its average volume of 4,784,077. Realty Income has a 1-year low of $50.65 and a 1-year high of $64.88. The company has a market capitalization of $49.39 billion, a PE ratio of 53.77, a PEG ratio of 2.10 and a beta of 1.00. The company’s fifty day moving average is $54.00 and its 200 day moving average is $58.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. On average, equities research analysts predict that Realty Income will post 4.19 earnings per share for the current fiscal year.

Institutional Trading of Realty Income

Several institutional investors and hedge funds have recently made changes to their positions in O. Lee Danner & Bass Inc. acquired a new position in Realty Income in the 4th quarter valued at about $28,000. Hopwood Financial Services Inc. bought a new position in shares of Realty Income during the fourth quarter worth about $29,000. Rosenberg Matthew Hamilton raised its holdings in shares of Realty Income by 75.4% during the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 211 shares during the last quarter. Sierra Ocean LLC bought a new position in Realty Income during the 4th quarter valued at $32,000. Finally, Creative Capital Management Investments LLC grew its position in Realty Income by 133.3% during the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 300 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

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.