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

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

O has been the subject of a number of other reports. Weiss Ratings restated a “hold (c+)” rating on shares of Realty Income in a research report on Monday, December 1st. Cantor Fitzgerald decreased their target price on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Barclays lifted their price objective on shares of Realty Income from $63.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday. Royal Bank Of Canada raised their target price on Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Finally, Evercore ISI started coverage on Realty Income in a research report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $62.23.

Realty Income Price Performance

NYSE O opened at $58.42 on Friday. The company has a market cap of $53.74 billion, a price-to-earnings ratio of 54.09, a PEG ratio of 3.67 and a beta of 0.80. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53. The stock’s fifty day moving average price is $58.31 and its 200 day moving average price is $57.97. Realty Income has a 1 year low of $50.71 and a 1 year high of $61.08.

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. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.35 billion. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.05 EPS. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, equities research analysts forecast that Realty Income will post 4.19 earnings per share for the current year.

Insider Activity at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the transaction, the director owned 19,211 shares of the company’s stock, valued at $1,160,920.73. This represents a 36.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by insiders.

Institutional Trading of Realty Income

Large investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Realty Income during the second quarter worth $676,500,000. Vanguard Group Inc. boosted its position in Realty Income by 2.5% during the second quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock worth $8,418,907,000 after acquiring an additional 3,624,852 shares during the last quarter. Nuveen LLC purchased a new stake in Realty Income during the 1st quarter valued at about $207,573,000. Geode Capital Management LLC raised its holdings in Realty Income by 8.3% in the 2nd quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock valued at $1,548,687,000 after acquiring an additional 2,058,031 shares during the last quarter. Finally, Schroder Investment Management Group lifted its stake in Realty Income by 420.0% in the 2nd quarter. Schroder Investment Management Group now owns 2,139,550 shares of the real estate investment trust’s stock worth $123,259,000 after purchasing an additional 1,728,082 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

About Realty Income

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.