Realty Income (NYSE:O) Earns Equal Weight Rating from Analysts at Barclays

Equities research analysts at Barclays initiated coverage on shares of Realty Income (NYSE:O) in a note issued to investors on Tuesday,Benzinga reports. The firm set an “equal weight” rating and a $59.00 price target on the real estate investment trust’s stock. Barclays‘s price target would suggest a potential upside of 8.07% from the stock’s previous close.

O has been the topic of several other reports. Wells Fargo & Company restated an “equal weight” rating and issued a $65.00 price objective (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. JPMorgan Chase & Co. increased their price target on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Mizuho cut shares of Realty Income from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $64.00 to $60.00 in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target on the stock. Finally, UBS Group reduced their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $63.23.

Realty Income Price Performance

NYSE O opened at $54.60 on Tuesday. The company has a market cap of $47.78 billion, a PE ratio of 52.00, a price-to-earnings-growth ratio of 2.05 and a beta of 0.98. Realty Income has a 52 week low of $50.65 and a 52 week high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm’s 50-day simple moving average is $58.89 and its two-hundred day simple moving average is $58.42.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company’s quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.02 earnings per share. Research analysts predict that Realty Income will post 4.2 earnings per share for the current year.

Institutional Trading of Realty Income

A number of institutional investors and hedge funds have recently added to or reduced their stakes in O. Rosenberg Matthew Hamilton increased its holdings in Realty Income by 75.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 211 shares in the last quarter. Creative Capital Management Investments LLC boosted its position in Realty Income by 133.3% in the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 300 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in Realty Income in the second quarter worth about $42,000. Headlands Technologies LLC purchased a new position in shares of Realty Income during the 2nd quarter valued at about $42,000. Finally, Pacifica Partners Inc. lifted its position in shares of Realty Income by 89.2% during the 3rd quarter. Pacifica Partners Inc. now owns 927 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 437 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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.