Realty Income (NYSE:O) Price Target Cut to $56.00 by Analysts at Barclays

Realty Income (NYSE:O) had its target price lowered by Barclays from $59.00 to $56.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the real estate investment trust’s stock.

O has been the subject of several other research reports. Stifel Nicolaus decreased their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 price target on shares of Realty Income in a research report on Monday, January 27th. Scotiabank dropped their price target on Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective for the company. Finally, UBS Group lowered their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $61.81.

Realty Income Stock Down 0.3 %

Shares of NYSE:O opened at $54.27 on Tuesday. The stock has a market cap of $47.49 billion, a price-to-earnings ratio of 51.68, a PEG ratio of 1.96 and a beta of 1.00. The business’s 50 day moving average is $54.24 and its 200 day moving average is $58.34. Realty Income has a 12-month low of $50.65 and a 12-month 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.

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

Realty Income Announces Dividend

The firm also recently disclosed a feb 25 dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a $0.264 dividend. This represents a yield of 5.9%. The ex-dividend date is Monday, February 3rd. Realty Income’s dividend payout ratio (DPR) is presently 300.95%.

Institutional Investors Weigh In On Realty Income

A number of hedge funds and other institutional investors have recently bought and sold shares of O. Raymond James Financial Inc. bought a new stake in shares of Realty Income during the fourth quarter valued at about $553,572,000. Vision Financial Markets LLC purchased a new position in Realty Income during the fourth quarter valued at approximately $59,000. Cullen Frost Bankers Inc. increased its holdings in Realty Income by 3.6% during the 4th quarter. Cullen Frost Bankers Inc. now owns 10,888 shares of the real estate investment trust’s stock worth $582,000 after acquiring an additional 377 shares during the period. Sound Financial Strategies Group LLC lifted its stake in Realty Income by 55.2% in the 4th quarter. Sound Financial Strategies Group LLC now owns 15,276 shares of the real estate investment trust’s stock worth $816,000 after purchasing an additional 5,435 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Realty Income in the 4th quarter valued at $5,442,000. 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.