Stifel Nicolaus Cuts Realty Income (NYSE:O) Price Target to $66.50

Realty Income (NYSE:O) had its target price reduced by Stifel Nicolaus from $70.00 to $66.50 in a report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

Other research analysts also recently issued research reports about the company. UBS Group reduced their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $65.00 price target (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Royal Bank of Canada lowered their price objective on Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Mizuho cut their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Scotiabank raised their target price on shares of Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 17th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $62.50.

Realty Income Price Performance

Shares of O stock opened at $51.73 on Wednesday. The stock’s fifty day moving average is $55.34 and its 200-day moving average is $58.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. Realty Income has a 52 week low of $50.65 and a 52 week high of $64.88. The stock has a market capitalization of $45.27 billion, a PE ratio of 49.27, a PEG ratio of 2.05 and a beta of 1.00.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 EPS 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 company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the company earned $1.02 EPS. The firm’s revenue was up 28.1% compared to the same quarter last year. Equities research analysts expect that Realty Income will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a jan 25 dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.264 per share. This represents a dividend yield of 5.7%. This is a boost from Realty Income’s previous jan 25 dividend of $0.26. The ex-dividend date of this dividend is Thursday, January 2nd. Realty Income’s dividend payout ratio (DPR) is currently 300.95%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in O. Graypoint LLC lifted its stake in Realty Income by 9.9% in the fourth quarter. Graypoint LLC now owns 7,505 shares of the real estate investment trust’s stock valued at $401,000 after buying an additional 679 shares in the last quarter. HBW Advisory Services LLC raised its holdings in shares of Realty Income by 2.7% during the fourth quarter. HBW Advisory Services LLC now owns 67,170 shares of the real estate investment trust’s stock worth $3,588,000 after acquiring an additional 1,757 shares during the period. ORG Wealth Partners LLC bought a new stake in Realty Income in the 4th quarter valued at $308,000. ST Germain D J Co. Inc. boosted its stake in Realty Income by 306.5% in the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 567 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Realty Income by 0.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 149,758 shares of the real estate investment trust’s stock valued at $7,999,000 after purchasing an additional 485 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

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.