UBS Group Increases Realty Income (NYSE:O) Price Target to $66.00

Realty Income (NYSE:O) had its price target increased by analysts at UBS Group from $62.00 to $66.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. UBS Group’s price objective points to a potential upside of 13.01% from the company’s previous close.

Several other equities research analysts have also weighed in on the company. Barclays restated an “overweight” rating on shares of Realty Income in a research report on Tuesday, April 22nd. Scotiabank lifted their price target on Realty Income from $57.00 to $58.00 and gave the company a “sector perform” rating in a research report on Monday, May 12th. Wedbush restated a “neutral” rating and set a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. JPMorgan Chase & Co. dropped their price target on Realty Income from $64.00 to $61.00 and set a “neutral” rating on the stock in a research report on Monday, May 5th. Finally, Wolfe Research downgraded Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $61.73.

Realty Income Price Performance

Shares of Realty Income stock opened at $58.40 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The business’s 50 day simple moving average is $57.39 and its two-hundred day simple moving average is $56.55. The stock has a market capitalization of $53.40 billion, a P/E ratio of 56.70, a price-to-earnings-growth ratio of 4.47 and a beta of 0.76. Realty Income has a one year low of $50.71 and a one year high of $64.88.

Realty Income (NYSE:O) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the firm posted $1.07 earnings per share. Realty Income’s quarterly revenue was up 5.3% on a year-over-year basis. Analysts forecast that Realty Income will post 4.19 EPS for the current year.

Hedge Funds Weigh In On Realty Income

Hedge funds have recently made changes to their positions in the business. Compagnie Lombard Odier SCmA bought a new position in Realty Income during the second quarter valued at approximately $25,000. Keystone Global Partners LLC bought a new position in Realty Income during the first quarter valued at approximately $26,000. Avion Wealth boosted its stake in Realty Income by 142.4% during the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 309 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in Realty Income during the second quarter valued at approximately $31,000. Finally, Country Trust Bank boosted its stake in Realty Income by 806.5% during the second quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 500 shares during the last quarter. 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.