UBS Group Increases Realty Income (NYSE:O) Price Target to $68.00

Realty Income (NYSE:O) had its price objective boosted by UBS Group from $61.00 to $68.00 in a report published on Thursday, Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Several other brokerages also recently issued reports on O. Scotiabank raised their price objective on shares of Realty Income from $54.00 to $56.00 and gave the stock a sector perform rating in a research note on Thursday, May 16th. Mizuho raised their target price on Realty Income from $56.00 to $59.00 and gave the stock a buy rating in a research report on Friday, May 10th. Finally, KeyCorp began coverage on Realty Income in a research report on Wednesday, June 12th. They issued a sector weight rating for the company. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $61.88.

Realty Income Price Performance

NYSE O opened at $57.58 on Thursday. The company has a 50 day simple moving average of $53.70 and a 200-day simple moving average of $53.80. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83. The firm has a market capitalization of $50.14 billion, a price-to-earnings ratio of 53.31, a price-to-earnings-growth ratio of 5.01 and a beta of 0.96. Realty Income has a 52-week low of $45.03 and a 52-week high of $64.18.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the company posted $0.98 EPS. The company’s quarterly revenue was up 33.5% on a year-over-year basis. Equities research analysts predict that Realty Income will post 4.2 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The business also recently announced a aug 24 dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be given a dividend of $0.263 per share. The ex-dividend date of this dividend is Thursday, August 1st. This represents a dividend yield of 5.7%. Realty Income’s payout ratio is currently 292.59%.

Hedge Funds Weigh In On Realty Income

Several institutional investors have recently modified their holdings of the stock. American National Bank bought a new position in shares of Realty Income during the 4th quarter valued at about $25,000. Vima LLC bought a new position in shares of Realty Income during the 4th quarter valued at about $25,000. Pacifica Partners Inc. lifted its holdings in shares of Realty Income by 444.4% during the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 400 shares in the last quarter. Baystate Wealth Management LLC lifted its holdings in shares of Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 190 shares in the last quarter. Finally, WASHINGTON TRUST Co lifted its holdings in shares of Realty Income by 65.7% during the 1st quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 197 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Company Profile

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.