Realty Income (NYSE:O) Raised to Hold at Wall Street Zen

Realty Income (NYSE:O) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday.

Other research analysts have also recently issued reports about the stock. Wells Fargo & Company upped their price target on shares of Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Cantor Fitzgerald dropped their target price on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Royal Bank Of Canada raised their target price on shares of Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Evercore ISI started coverage on Realty Income in a report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price target for the company. Finally, Mizuho increased their price objective on Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Three equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $62.25.

Realty Income Stock Up 0.7%

Shares of NYSE:O opened at $58.10 on Friday. The firm has a market capitalization of $53.44 billion, a PE ratio of 53.79, a price-to-earnings-growth ratio of 3.62 and a beta of 0.80. The business has a 50 day simple moving average of $57.95 and a two-hundred day simple moving average of $58.04. Realty Income has a 1 year low of $50.71 and a 1 year high of $61.08. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.Realty Income’s 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. On average, equities analysts predict that Realty Income will post 4.19 EPS for the current year.

Insider Activity at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the sale, the director owned 19,211 shares in the company, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Realty Income

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC increased its stake in shares of Realty Income by 11.2% during the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after buying an additional 615 shares during the period. Bison Wealth LLC acquired a new position in Realty Income during the 4th quarter worth approximately $571,000. Vestmark Advisory Solutions Inc. increased its position in shares of Realty Income by 50.2% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 29,016 shares of the real estate investment trust’s stock valued at $1,683,000 after purchasing an additional 9,702 shares during the last quarter. Kovitz Investment Group Partners LLC raised its holdings in shares of Realty Income by 10.9% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 86,668 shares of the real estate investment trust’s stock valued at $5,028,000 after purchasing an additional 8,550 shares in the last quarter. Finally, Horizon Investments LLC lifted its position in shares of Realty Income by 5.4% during the 1st quarter. Horizon Investments LLC now owns 13,139 shares of the real estate investment trust’s stock worth $755,000 after purchasing an additional 676 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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.