Realty Income (NYSE:O) Coverage Initiated by Analysts at Deutsche Bank Aktiengesellschaft

Analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income (NYSE:O) in a research note issued on Wednesday, MarketBeat Ratings reports. The brokerage set a “hold” rating and a $62.00 price target on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 11.13% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. Wells Fargo & Company restated an “equal weight” rating and set a $65.00 price objective (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Stifel Nicolaus reduced their price objective on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Wedbush started coverage on shares of Realty Income in a research report on Monday, August 19th. They issued a “neutral” rating and a $64.00 target price for the company. Royal Bank of Canada reduced 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, Scotiabank boosted their price objective on Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a report on Tuesday, September 17th. Eleven 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 currently has a consensus rating of “Hold” and a consensus price target of $63.54.

Realty Income Trading Down 1.2 %

NYSE:O opened at $55.79 on Wednesday. The business’s 50-day moving average is $59.59 and its two-hundred day moving average is $58.30. The firm has a market capitalization of $48.83 billion, a PE ratio of 53.13, a price-to-earnings-growth ratio of 3.95 and a beta of 0.98. Realty Income has a 12 month low of $50.65 and a 12 month high of $64.88. 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 results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the firm posted $1.02 earnings per share. The business’s revenue was up 28.1% on a year-over-year basis. Research analysts predict that Realty Income will post 4.2 earnings per share for the current fiscal year.

Institutional Trading of Realty Income

Large investors have recently modified their holdings of the company. Lantz Financial LLC bought a new stake in Realty Income during the 2nd quarter valued at $234,000. Wedmont Private Capital acquired a new position in Realty Income during the 2nd quarter valued at about $218,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Realty Income by 7.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 138,986 shares of the real estate investment trust’s stock worth $7,341,000 after buying an additional 9,890 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Realty Income by 19.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 69,419 shares of the real estate investment trust’s stock worth $3,667,000 after acquiring an additional 11,539 shares during the period. Finally, Swedbank AB boosted its holdings in shares of Realty Income by 1.0% in the second quarter. Swedbank AB now owns 56,351 shares of the real estate investment trust’s stock valued at $2,976,000 after acquiring an additional 585 shares in 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.