Realty Income (NYSE:O) Stock Rating Upgraded by Scotiabank

Realty Income (NYSE:O) was upgraded by equities researchers at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a report released on Friday, MarketBeat Ratings reports. The firm currently has a $67.00 target price on the real estate investment trust’s stock. Scotiabank’s target price would indicate a potential upside of 9.51% from the company’s previous close.

Other analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft upgraded Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a report on Tuesday, January 20th. Wells Fargo & Company lifted their target price on Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Cantor Fitzgerald reduced their price target on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Wall Street Zen raised shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Monday, January 26th. Finally, Mizuho dropped their target price on shares of Realty Income from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Realty Income has a consensus rating of “Hold” and an average target price of $63.21.

Realty Income Trading Up 0.7%

Shares of O stock opened at $61.18 on Friday. Realty Income has a fifty-two week low of $50.71 and a fifty-two week high of $61.95. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a 50 day simple moving average of $58.27 and a two-hundred day simple moving average of $58.36. The company has a market cap of $56.28 billion, a P/E ratio of 56.65, a PEG ratio of 3.90 and a beta of 0.80.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. 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 previous year, the firm posted $1.05 earnings per share. The business’s 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. Research analysts forecast that Realty Income will post 4.19 earnings per share for the current year.

Institutional Investors Weigh In On Realty Income

A number of large investors have recently added to or reduced their stakes in the company. Sigma Planning Corp lifted its stake in Realty Income by 6.1% in the fourth quarter. Sigma Planning Corp now owns 64,042 shares of the real estate investment trust’s stock worth $3,610,000 after purchasing an additional 3,674 shares during the last quarter. DMKC Advisory Services LLC grew its stake in shares of Realty Income by 24.4% during the fourth quarter. DMKC Advisory Services LLC now owns 53,194 shares of the real estate investment trust’s stock valued at $2,999,000 after buying an additional 10,430 shares during the last quarter. Turning Point Benefit Group Inc. increased its holdings in shares of Realty Income by 38.2% in the fourth quarter. Turning Point Benefit Group Inc. now owns 19,171 shares of the real estate investment trust’s stock worth $1,081,000 after buying an additional 5,301 shares during the period. Wealthfront Advisers LLC lifted its stake in shares of Realty Income by 9.8% in the 4th quarter. Wealthfront Advisers LLC now owns 281,477 shares of the real estate investment trust’s stock valued at $15,867,000 after acquiring an additional 25,179 shares during the last quarter. Finally, Samalin Investment Counsel LLC boosted its holdings in Realty Income by 1.2% during the 4th quarter. Samalin Investment Counsel LLC now owns 17,938 shares of the real estate investment trust’s stock valued at $1,011,000 after acquiring an additional 218 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.