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

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

Several other brokerages have also recently weighed in on O. Cantor Fitzgerald lowered their price objective 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Realty Income in a report on Monday, December 29th. Royal Bank Of Canada lifted their price target on shares of Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $61.00 price objective on shares of Realty Income in a research report on Thursday, December 18th. Finally, Barclays upped their price objective on Realty Income from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 3rd. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Realty Income has a consensus rating of “Hold” and an average price target of $62.23.

Realty Income Price Performance

NYSE O opened at $58.16 on Friday. The stock has a market capitalization of $53.50 billion, a price-to-earnings ratio of 53.85, a PEG ratio of 3.74 and a beta of 0.80. 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. The business’s fifty day moving average price is $57.09 and its 200-day moving average price is $58.03.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 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 for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.05 earnings per share. 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 earnings per share for the current year.

Hedge Funds Weigh In On Realty Income

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA purchased a new stake in Realty Income during the 2nd quarter valued at about $25,000. Stance Capital LLC purchased a new stake in Realty Income in the third quarter valued at approximately $27,000. Heartwood Wealth Advisors LLC purchased a new stake in Realty Income in the third quarter valued at approximately $29,000. Avion Wealth increased its holdings in Realty Income by 142.4% in the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 309 shares during the period. Finally, Strengthening Families & Communities LLC raised its position in Realty Income by 586.1% during the 3rd quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 422 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Company Profile

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.