Realty Income (NYSE:O) Given New $71.00 Price Target at UBS Group

Realty Income (NYSE:O) had its price objective cut by research analysts at UBS Group from $72.00 to $71.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. UBS Group’s target price indicates a potential upside of 25.89% from the stock’s previous close.

Several other research analysts have also issued reports on the company. JPMorgan Chase & Co. boosted their target price on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Royal Bank of Canada cut their price objective on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Stifel Nicolaus decreased their target price on Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Wells Fargo & Company restated an “equal weight” rating and issued a $65.00 price target (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $62.00 price objective on shares of Realty Income in a report on Tuesday, August 6th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $63.85.

Realty Income Price Performance

Realty Income stock traded down $0.50 during midday trading on Thursday, reaching $56.40. 494,642 shares of the stock traded hands, compared to its average volume of 5,657,444. 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 has a 12 month low of $50.65 and a 12 month high of $64.88. The stock’s fifty day moving average is $61.56 and its 200-day moving average is $57.98. The stock has a market cap of $49.36 billion, a P/E ratio of 53.72, a PEG ratio of 4.01 and a beta of 0.99.

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

Insider Buying and Selling

In related news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the transaction, the director now owns 5,257 shares of the company’s stock, valued at $319,467.89. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the transaction, the director now owns 26,579 shares in the company, valued at $1,663,313.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the transaction, the director now owns 5,257 shares in the company, valued at $319,467.89. 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.

Hedge Funds Weigh In On Realty Income

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC increased its holdings in Realty Income by 48.4% in the 1st quarter. Empowered Funds LLC now owns 11,233 shares of the real estate investment trust’s stock valued at $608,000 after purchasing an additional 3,663 shares during the last quarter. Blair William & Co. IL grew its position in Realty Income by 15.3% in the 1st quarter. Blair William & Co. IL now owns 17,514 shares of the real estate investment trust’s stock valued at $947,000 after acquiring an additional 2,321 shares in the last quarter. Orion Portfolio Solutions LLC increased its stake in Realty Income by 15.8% during the first quarter. Orion Portfolio Solutions LLC now owns 16,300 shares of the real estate investment trust’s stock worth $882,000 after purchasing an additional 2,220 shares during the period. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Realty Income during the first quarter worth about $230,000. Finally, Nwam LLC boosted its stake in shares of Realty Income by 9.4% in the first quarter. Nwam LLC now owns 18,529 shares of the real estate investment trust’s stock valued at $1,018,000 after purchasing an additional 1,587 shares during the period. Institutional investors and hedge funds 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.