Stifel Nicolaus Lowers Realty Income (NYSE:O) Price Target to $70.00

Realty Income (NYSE:O) had its price target reduced by stock analysts at Stifel Nicolaus from $70.50 to $70.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Stifel Nicolaus’ target price indicates a potential upside of 20.23% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Wedbush initiated coverage on shares of Realty Income in a report on Monday, August 19th. They set a “neutral” rating and a $64.00 price objective on the stock. Robert W. Baird upped their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Royal Bank of Canada upped their price target on Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Morgan Stanley reissued an “equal weight” rating and set a $62.00 price objective on shares of Realty Income in a research note on Tuesday, August 6th. Finally, UBS Group raised their target price on Realty Income from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and an average target price of $63.92.

Realty Income Stock Performance

Shares of O stock traded down $1.07 during mid-day trading on Tuesday, reaching $58.22. The stock had a trading volume of 1,551,026 shares, compared to its average volume of 5,648,799. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66. Realty Income has a 1-year low of $49.52 and a 1-year high of $64.88. The firm has a market cap of $50.70 billion, a price-to-earnings ratio of 53.91, a PEG ratio of 4.09 and a beta of 0.99. The business’s fifty day moving average is $62.23 and its 200-day moving average is $57.82.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Realty Income had a return on equity of 2.36% and a net margin of 17.89%. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.02 EPS. On average, research analysts forecast that Realty Income will post 4.2 earnings per share for the current year.

Insider Buying and Selling at Realty Income

In other news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the transaction, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the sale, the director now owns 5,257 shares in the company, valued at approximately $319,467.89. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the sale, the director now owns 26,579 shares in the company, valued at $1,663,313.82. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Institutional Trading of Realty Income

Several institutional investors have recently made changes to their positions in the stock. Norden Group LLC bought a new position in Realty Income during the first quarter valued at approximately $356,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Realty Income by 27.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 182,159 shares of the real estate investment trust’s stock worth $10,280,000 after purchasing an additional 38,938 shares during the period. Mutual of America Capital Management LLC increased its position in Realty Income by 12.1% during the first quarter. Mutual of America Capital Management LLC now owns 114,589 shares of the real estate investment trust’s stock worth $6,199,000 after acquiring an additional 12,343 shares during the period. Central Pacific Bank Trust Division acquired a new position in Realty Income in the 1st quarter valued at approximately $46,000. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Realty Income by 3.0% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,699 shares of the real estate investment trust’s stock worth $633,000 after acquiring an additional 337 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

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.