Royal Bank Of Canada Has Lowered Expectations for Realty Income (NYSE:O) Stock Price

Realty Income (NYSE:O) had its price objective decreased by analysts at Royal Bank Of Canada from $71.00 to $70.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 11.97% from the company’s current price.

A number of other equities analysts have also recently weighed in on the stock. Mizuho reduced their price target on shares of Realty Income from $68.00 to $66.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Robert W. Baird upped their price objective on shares of Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, July 6th. Huntington assumed coverage on Realty Income in a research note on Wednesday, July 15th. They set an “outperform” rating and a $70.00 price objective on the stock. Barclays reduced their target price on Realty Income from $68.00 to $67.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 22nd. Finally, Stifel Nicolaus set a $70.75 target price on Realty Income in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average target price of $67.42.

Realty Income Trading Up 0.3%

Shares of Realty Income stock traded up $0.16 during trading on Friday, hitting $62.52. 3,131,892 shares of the company were exchanged, compared to its average volume of 6,072,631. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market capitalization of $58.30 billion, a P/E ratio of 45.63, a price-to-earnings-growth ratio of 4.89 and a beta of 0.71. The firm’s fifty day moving average price is $62.81 and its 200 day moving average price is $63.05. Realty Income has a 1-year low of $55.86 and a 1-year high of $67.93.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.03. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.39 billion. Realty Income had a net margin of 20.93% and a return on equity of 3.15%. Realty Income’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.06 EPS. As a group, sell-side analysts expect that Realty Income will post 4.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Realty Income by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust’s stock valued at $8,478,910,000 after acquiring an additional 684,949 shares during the period. BlackRock Inc. acquired a new stake in Realty Income in the 2nd quarter valued at about $6,997,219,000. State Street Corp grew its holdings in Realty Income by 0.8% during the fourth quarter. State Street Corp now owns 63,559,987 shares of the real estate investment trust’s stock worth $3,599,676,000 after purchasing an additional 531,095 shares during the period. Geode Capital Management LLC grew its holdings in Realty Income by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 29,206,196 shares of the real estate investment trust’s stock worth $1,655,991,000 after purchasing an additional 793,100 shares during the period. Finally, Morgan Stanley increased its position in Realty Income by 21.6% during the fourth quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock worth $1,031,080,000 after buying an additional 3,252,091 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Realty Income

Here are the key news stories impacting Realty Income this week:

• Positive Sentiment: Realty Income reported second-quarter adjusted funds from operations (AFFO) of $1.09 per share, in line with expectations, while revenue reached approximately $1.55 billion and exceeded estimates. Stable occupancy, rental growth and lower costs supported the results. Realty Income Q2 Adjusted Funds From Operations, Revenue Rise; 2026 AFFO Guidance Raised
• Positive Sentiment: Management raised its 2026 AFFO outlook and increased its investment-volume target to roughly $10 billion, citing growth in private capital, data centers, recycling facilities and other sectors. The higher guidance suggests confidence in continued external and internal growth. Realty Income Q2 Earnings Call Raises 2026 Growth Targets
• Positive Sentiment: The company announced a roughly $6 billion hyperscale data-center joint venture with Cloud Capital, potentially giving Realty Income exposure to a faster-growing property segment while diversifying its traditional net-lease portfolio. The Monthly Dividend Company Notches Its 115th Straight Raise, and Eyes Hyperscale
• Positive Sentiment: Realty Income approved its 115th consecutive quarterly dividend increase, extending a dividend-growth streak of more than 31 years. Fitch also assigned the REIT an A credit rating, which could improve financing flexibility and reinforce investor confidence in its balance sheet. Realty Income Gets an A Rating From Fitch

About Realty Income

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.