Realty Income (NYSE:O) Price Target Raised to $61.00 at Royal Bank Of Canada

Realty Income (NYSE:O) had its price target upped by Royal Bank Of Canada from $60.00 to $61.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

A number of other research analysts also recently issued reports on O. Evercore ISI assumed coverage on shares of Realty Income in a research report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 target price on the stock. Barclays boosted their target price on shares of Realty Income from $59.00 to $63.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a research report on Wednesday, October 8th. Mizuho boosted their target price on shares of Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Finally, UBS Group boosted their target price on shares of Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Three investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $62.67.

Realty Income Trading Down 3.4%

NYSE:O opened at $56.24 on Tuesday. The firm’s fifty day moving average is $59.33 and its 200-day moving average is $57.91. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. Realty Income has a 52 week low of $50.71 and a 52 week high of $61.08. The firm has a market cap of $51.42 billion, a P/E ratio of 54.60, a P/E/G ratio of 4.46 and a beta of 0.78.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the firm posted $1.05 EPS. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Equities analysts expect that Realty Income will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be issued a dividend of $0.2695 per share. The ex-dividend date is Friday, October 31st. This represents a c) annualized dividend and a yield of 5.8%. Realty Income’s dividend payout ratio is presently 313.59%.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the company’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the transaction, the director owned 19,211 shares in the company, valued at approximately $1,160,920.73. This represents a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Institutional Trading of Realty Income

Several institutional investors have recently made changes to their positions in O. Compagnie Lombard Odier SCmA bought a new stake in shares of Realty Income in the 2nd quarter worth $25,000. Keystone Global Partners LLC bought a new stake in shares of Realty Income in the 1st quarter worth $26,000. Heartwood Wealth Advisors LLC bought a new stake in shares of Realty Income in the 3rd quarter worth $29,000. Avion Wealth grew its stake in shares of Realty Income by 142.4% in the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 309 shares in the last quarter. Finally, Strengthening Families & Communities LLC grew its stake in shares of Realty Income by 586.1% in the 3rd quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 422 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

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.