Realty Income (NYSE:O) Coverage Initiated at Barclays

Investment analysts at Barclays began coverage on shares of Realty Income (NYSE:O) in a note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage set an “equal weight” rating and a $59.00 price target on the real estate investment trust’s stock. Barclays‘s target price indicates a potential upside of 11.72% from the stock’s previous close.

O has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price on the stock. UBS Group cut their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Scotiabank lifted their target price on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 17th. Royal Bank of Canada dropped their price target on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $65.00 price objective (up previously from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $63.23.

Realty Income Price Performance

NYSE O opened at $52.81 on Tuesday. The company has a 50-day moving average price of $58.56 and a two-hundred day moving average price of $58.39. The stock has a market cap of $46.22 billion, a price-to-earnings ratio of 50.30, a price-to-earnings-growth ratio of 2.05 and a beta of 0.98. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income has a 52 week low of $50.65 and a 52 week high of $64.88.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the company earned $1.02 earnings per share. The business’s quarterly revenue was up 28.1% compared to the same quarter last year. Analysts forecast that Realty Income will post 4.2 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Atlanta Consulting Group Advisors LLC acquired a new position in Realty Income in the 3rd quarter valued at approximately $896,000. Code Waechter LLC purchased a new position in shares of Realty Income during the 3rd quarter valued at $1,308,000. Charles Schwab Investment Management Inc. increased its stake in shares of Realty Income by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock worth $617,028,000 after acquiring an additional 463,286 shares during the last quarter. Swiss National Bank raised its holdings in shares of Realty Income by 1.4% during the third quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock worth $163,921,000 after acquiring an additional 35,100 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in Realty Income by 102.1% during the third quarter. Bank of Montreal Can now owns 2,191,962 shares of the real estate investment trust’s stock valued at $137,502,000 after purchasing an additional 1,107,493 shares during the last quarter. Hedge funds and other 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.