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

Realty Income (NYSE:O) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Monday.

Several other analysts have also recently issued reports on O. Deutsche Bank Aktiengesellschaft upgraded shares of Realty Income from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Tuesday, January 20th. Cantor Fitzgerald lowered their price target on Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Morgan Stanley upped their price target on shares of Realty Income from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, December 24th. Barclays raised their price objective on shares of Realty Income from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 3rd. Finally, Mizuho dropped their target price on Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.71.

Realty Income Stock Performance

NYSE O opened at $60.74 on Monday. The stock has a market capitalization of $55.88 billion, a PE ratio of 56.24, a P/E/G ratio of 3.90 and a beta of 0.80. Realty Income has a 1-year low of $50.71 and a 1-year high of $61.95. The business has a 50 day simple moving average of $57.88 and a two-hundred day simple moving average of $58.25. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53.

Realty Income (NYSE:O) last posted its earnings results 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 return on equity of 2.45% and a net margin of 17.17%.The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the company earned $1.05 EPS. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, research analysts predict that Realty Income will post 4.19 EPS for the current fiscal year.

Institutional Trading of Realty Income

Several institutional investors have recently made changes to their positions in O. State Street Corp grew its holdings in Realty Income by 1.1% in the second quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust’s stock valued at $3,556,436,000 after purchasing an additional 676,697 shares during the last quarter. Trust Co. of Vermont grew its holdings 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 valued at $15,134,000 after buying an additional 6,885 shares during the last quarter. OLD National Bancorp IN purchased a new stake in Realty Income during the 3rd quarter worth about $3,391,000. Federated Hermes Inc. raised its position in shares of Realty Income by 13.1% in the second quarter. Federated Hermes Inc. now owns 2,669,031 shares of the real estate investment trust’s stock valued at $153,763,000 after buying an additional 309,902 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Realty Income by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 5,813,174 shares of the real estate investment trust’s stock valued at $334,897,000 after buying an additional 84,066 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

About Realty Income

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.