Scotiabank Has Lowered Expectations for Realty Income (NYSE:O) Stock Price

Realty Income (NYSE:O) had its price objective trimmed by Scotiabank from $61.00 to $59.00 in a report issued on Thursday,Benzinga reports. The firm currently has a sector perform rating on the real estate investment trust’s stock.

O has been the subject of a number of other reports. UBS Group decreased their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Royal Bank of Canada lowered their target price on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft assumed 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 for the company. Barclays started coverage on shares of Realty Income in a research report on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 price objective on the stock. Finally, Mizuho reduced their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Twelve analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $62.12.

Realty Income Price Performance

Shares of NYSE:O opened at $54.58 on Thursday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market cap of $47.77 billion, a PE ratio of 51.98, a price-to-earnings-growth ratio of 1.85 and a beta of 1.00. The stock’s fifty day simple moving average is $55.01 and its two-hundred day simple moving average is $58.34. Realty Income has a 1-year low of $50.65 and a 1-year high of $64.88.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the business earned $1.02 earnings per share. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. As a group, analysts forecast that Realty Income will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The business also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a $0.264 dividend. This represents a dividend yield of 5.9%. The ex-dividend date is Monday, February 3rd. Realty Income’s payout ratio is currently 300.95%.

Institutional Trading of Realty Income

A number of institutional investors have recently added to or reduced their stakes in O. Mutual of America Capital Management LLC grew its holdings in Realty Income by 0.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 115,367 shares of the real estate investment trust’s stock valued at $6,094,000 after buying an additional 778 shares in the last quarter. Argent Trust Co boosted its position in shares of Realty Income by 36.5% in the second quarter. Argent Trust Co now owns 5,907 shares of the real estate investment trust’s stock valued at $312,000 after acquiring an additional 1,580 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in Realty Income by 15.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 73,994 shares of the real estate investment trust’s stock valued at $3,726,000 after acquiring an additional 9,874 shares in the last quarter. Elo Mutual Pension Insurance Co increased its holdings in Realty Income by 11.2% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 84,336 shares of the real estate investment trust’s stock worth $4,455,000 after acquiring an additional 8,467 shares during the period. Finally, Kentucky Retirement Systems lifted its stake in Realty Income by 3.9% in the 2nd quarter. Kentucky Retirement Systems now owns 65,618 shares of the real estate investment trust’s stock worth $3,466,000 after purchasing an additional 2,461 shares in 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.