UBS Group Lowers Realty Income (NYSE:O) Price Target to $62.00

Realty Income (NYSE:O) had its price objective lowered by UBS Group from $64.00 to $62.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

A number of other research firms have also commented on O. BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a research report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their price target on shares of Realty Income from $64.00 to $61.00 and set a “neutral” rating on the stock in a research report on Monday, May 5th. Wedbush reissued a “neutral” rating and issued a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. Stifel Nicolaus lifted their price target on shares of Realty Income from $65.50 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. Finally, Mizuho lifted their price target on shares of Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday, April 3rd. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Realty Income presently has an average rating of “Hold” and a consensus price target of $61.15.

Realty Income Price Performance

NYSE O opened at $55.32 on Tuesday. The company has a 50 day simple moving average of $56.31 and a 200-day simple moving average of $55.79. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of $49.96 billion, a price-to-earnings ratio of 52.69, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78. Realty Income has a 52-week low of $50.71 and a 52-week high of $64.88.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 earnings per share. Equities research analysts predict that Realty Income will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company also recently disclosed a jun 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.2685 per share. This represents a yield of 5.8%. The ex-dividend date is Monday, June 2nd. Realty Income’s payout ratio is 292.73%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Realty Income by 2.4% in the first quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust’s stock valued at $8,267,084,000 after acquiring an additional 3,274,853 shares during the last quarter. Geode Capital Management LLC grew its position in Realty Income by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust’s stock valued at $1,253,584,000 after acquiring an additional 658,240 shares during the last quarter. Northern Trust Corp grew its position in Realty Income by 41.2% in the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust’s stock valued at $701,792,000 after acquiring an additional 3,834,403 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Realty Income by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 12,108,561 shares of the real estate investment trust’s stock valued at $702,381,000 after acquiring an additional 451,307 shares during the last quarter. Finally, Norges Bank bought a new position in Realty Income in the fourth quarter valued at about $624,666,000. 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.