Realty Income (NYSE:O) Coverage Initiated by Analysts at Barclays

Barclays began coverage on shares of Realty Income (NYSE:OFree Report) in a research note published on Tuesday morning, Marketbeat.com reports. The brokerage issued an equal weight rating and a $59.00 price objective on the real estate investment trust’s stock.

O has been the subject of a number of other research reports. Scotiabank lifted their price objective on Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 17th. JPMorgan Chase & Co. lifted their price target on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. UBS Group dropped their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Stifel Nicolaus reduced their price objective on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price on the stock. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $63.23.

Get Our Latest Analysis on O

Realty Income Stock Down 0.1 %

NYSE:O opened at $54.52 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The firm’s 50-day moving average price is $58.75 and its 200-day moving average price is $58.43. The company has a market capitalization of $47.72 billion, a PE ratio of 51.92, a P/E/G ratio of 2.05 and a beta of 0.98. Realty Income has a 1-year low of $50.65 and a 1-year high of $64.88.

Realty Income (NYSE:OGet Free Report) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the company posted $1.02 EPS. Realty Income’s revenue for the quarter was up 28.1% compared to the same quarter last year. On average, equities analysts predict that Realty Income will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently disclosed a jan 25 dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a $0.264 dividend. This is a positive change from Realty Income’s previous jan 25 dividend of $0.26. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio is 300.96%.

Hedge Funds Weigh In On Realty Income

Hedge funds and other institutional investors have recently modified their holdings of the stock. SMART Wealth LLC boosted its stake in Realty Income by 34.5% during the third quarter. SMART Wealth LLC now owns 18,753 shares of the real estate investment trust’s stock valued at $1,189,000 after buying an additional 4,811 shares during the last quarter. Retirement Systems of Alabama raised its holdings in shares of Realty Income by 2.3% during the 3rd quarter. Retirement Systems of Alabama now owns 690,995 shares of the real estate investment trust’s stock worth $43,823,000 after acquiring an additional 15,714 shares in the last quarter. Inspire Trust Co. N.A. boosted its position in shares of Realty Income by 9.9% during the 3rd quarter. Inspire Trust Co. N.A. now owns 22,225 shares of the real estate investment trust’s stock valued at $1,410,000 after acquiring an additional 2,000 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Realty Income by 4.2% in the third quarter. Franklin Resources Inc. now owns 559,263 shares of the real estate investment trust’s stock valued at $34,736,000 after purchasing an additional 22,614 shares in the last quarter. Finally, Peapack Gladstone Financial Corp increased its position in Realty Income by 0.7% in the third quarter. Peapack Gladstone Financial Corp now owns 71,562 shares of the real estate investment trust’s stock worth $4,538,000 after purchasing an additional 518 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

About Realty Income

(Get Free Report)

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.

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Analyst Recommendations for Realty Income (NYSE:O)

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