Huntington Initiates Coverage on Realty Income (NYSE:O)

Huntington began coverage on shares of Realty Income (NYSE:O) in a research report issued on Wednesday, MarketBeat.com reports. The firm set an “outperform” rating and a $70.00 price target on the real estate investment trust’s stock. Huntington’s price objective would suggest a potential upside of 6.51% from the company’s previous close.

Several other research firms have also weighed in on O. Freedom Capital upgraded shares of Realty Income from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Barclays lifted their price objective on shares of Realty Income from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st. Wells Fargo & Company boosted their target price on shares of Realty Income from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday. Weiss Ratings reissued a “hold (c+)” rating on shares of Realty Income in a research report on Wednesday, July 8th. Finally, Royal Bank Of Canada raised their price target on shares of Realty Income from $70.00 to $71.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Realty Income has an average rating of “Hold” and a consensus target price of $67.17.

Realty Income Stock Up 3.9%

O stock opened at $65.72 on Wednesday. The stock’s fifty day simple moving average is $62.05 and its two-hundred day simple moving average is $62.39. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. Realty Income has a 1-year low of $55.86 and a 1-year high of $67.93. The stock has a market cap of $61.28 billion, a P/E ratio of 53.87, a P/E/G ratio of 4.93 and a beta of 0.72.

Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.39 billion. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.06 EPS. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Analysts expect that Realty Income will post 4.45 EPS for the current year.

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. Norges Bank purchased a new stake in shares of Realty Income during the 4th quarter valued at approximately $558,775,000. Morgan Stanley boosted its holdings in Realty Income by 21.6% in the 4th quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock worth $1,031,080,000 after buying an additional 3,252,091 shares during the period. Deutsche Bank AG grew its stake in Realty Income by 45.1% in the 4th quarter. Deutsche Bank AG now owns 4,998,963 shares of the real estate investment trust’s stock valued at $281,792,000 after buying an additional 1,554,726 shares in the last quarter. Amundi grew its stake in Realty Income by 56.7% in the 1st quarter. Amundi now owns 4,183,310 shares of the real estate investment trust’s stock valued at $255,934,000 after buying an additional 1,514,119 shares in the last quarter. Finally, State Street Corp raised its holdings in Realty Income by 2.1% during the 3rd quarter. State Street Corp now owns 63,028,892 shares of the real estate investment trust’s stock valued at $3,831,526,000 after acquiring an additional 1,295,936 shares during the period. Institutional investors own 70.81% of the company’s stock.

Key Headlines Impacting Realty Income

Here are the key news stories impacting Realty Income this week:

• Positive Sentiment: Cooling inflation is helping boost sentiment toward Realty Income, a rate-sensitive REIT, because lower inflation can reduce pressure on interest rates and improve the appeal of dividend-paying real estate stocks. Realty Income Is the Dividend Stock I’d Buy as Cooling Inflation Turns Into a Tailwind
• Positive Sentiment: Huntington initiated coverage on Realty Income with an outperform rating and a $70 price target, signaling confidence that the stock can rally further from recent levels. Realty Income (NYSE:O) Now Covered by Analysts at Huntington
• Positive Sentiment: Wells Fargo raised its price target on Realty Income to $65, reflecting continued analyst support even though the firm kept an equal weight rating. Realty Income price target raised by Wells Fargo
• Neutral Sentiment: Additional articles highlighted Realty Income as a reliable dividend stock and one of the safer ultra-high-yield income names, which reinforces its defensive income-investor appeal but does not add a new catalyst. There Are 300 Ultra-High-Yield Dividend Stocks on Wall Street — but These 2 Are Arguably the Safest of the Bunch
• Neutral Sentiment: Market commentary also pointed to Realty Income as a beneficiary of the June CPI report, since cooler inflation could make rate cuts more likely and support REIT valuations. CPI Comes In Cool: Why It Could Revive These 3 Rate-Sensitive Stocks (O)

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.