Realty Income (NYSE:O) Stock Rating Upgraded by Wall Street Zen

Realty Income (NYSE:O) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

A number of other research firms also recently commented on O. Cantor Fitzgerald decreased their target price on Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Royal Bank Of Canada raised their price target on shares of Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Wells Fargo & Company upped their price objective on shares of Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Realty Income in a research note on Monday, December 1st. Finally, Barclays boosted their target price on shares of Realty Income from $63.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 3rd. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, Realty Income presently has an average rating of “Hold” and an average price target of $62.25.

Realty Income Trading Up 0.9%

NYSE:O opened at $57.71 on Friday. The company has a market capitalization of $53.09 billion, a P/E ratio of 53.44, a PEG ratio of 3.62 and a beta of 0.80. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72. Realty Income has a 12 month low of $50.71 and a 12 month high of $61.08. The firm has a fifty day simple moving average of $57.99 and a 200-day simple moving average of $58.01.

Realty Income (NYSE:O) last released its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.01. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the firm earned $1.05 EPS. The firm’s 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. On average, equities research analysts anticipate that Realty Income will post 4.19 earnings per share for the current year.

Insider Transactions at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the sale, the director directly owned 19,211 shares in the company, valued at approximately $1,160,920.73. The trade was a 36.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Realty Income

A number of institutional investors and hedge funds have recently added to or reduced their stakes in O. State Street Corp lifted its position in shares of Realty Income by 1.1% during the second quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust’s stock worth $3,556,436,000 after purchasing an additional 676,697 shares in the last quarter. Norinchukin Bank The grew its holdings in shares of Realty Income by 9.7% in the first quarter. Norinchukin Bank The now owns 84,968 shares of the real estate investment trust’s stock valued at $4,929,000 after purchasing an additional 7,497 shares in the last quarter. Trust Co. of Vermont increased its stake in Realty Income by 2.7% during the 2nd quarter. Trust Co. of Vermont now owns 262,700 shares of the real estate investment trust’s stock worth $15,134,000 after buying an additional 6,885 shares during the period. Venture Visionary Partners LLC lifted its holdings in Realty Income by 6.2% during the 1st quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust’s stock worth $8,266,000 after buying an additional 8,297 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Realty Income by 3.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 584,845 shares of the real estate investment trust’s stock valued at $33,927,000 after buying an additional 18,397 shares during the period. Institutional investors and hedge funds 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.