Stifel Nicolaus Cuts Realty Income (NYSE:O) Price Target to $66.50

Realty Income (NYSE:O) had its price target dropped by investment analysts at Stifel Nicolaus from $70.00 to $66.50 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Stifel Nicolaus’ target price points to a potential upside of 27.01% from the stock’s previous close.

A number of other equities research analysts have also recently commented on O. Scotiabank increased their target price on shares of Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 17th. Royal Bank of Canada reduced their price target on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Mizuho reduced their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday. Barclays assumed coverage on shares of Realty Income in a research note on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 target price on the stock. Finally, UBS Group decreased their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report 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 company’s stock. According to data from MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average target price of $62.50.

Realty Income Stock Performance

NYSE O traded down $0.15 during trading hours on Wednesday, reaching $52.36. The stock had a trading volume of 1,591,697 shares, compared to its average volume of 4,469,750. The stock has a market cap of $45.83 billion, a P/E ratio of 49.87, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00. The stock has a fifty day moving average of $55.78 and a 200 day moving average of $58.39. Realty Income has a 52-week low of $50.65 and a 52-week high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

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 net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the firm earned $1.02 earnings per share. The business’s revenue for the quarter was up 28.1% on a year-over-year basis. Sell-side analysts predict that Realty Income will post 4.2 earnings per share for the current year.

Institutional Investors Weigh In On Realty Income

A number of hedge funds have recently bought and sold shares of O. Atlanta Consulting Group Advisors LLC acquired a new position in shares of Realty Income in the 3rd quarter worth approximately $896,000. Code Waechter LLC bought a new stake in shares of Realty Income during the 3rd quarter valued at about $1,308,000. Charles Schwab Investment Management Inc. raised its stake in Realty Income by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock worth $617,028,000 after acquiring an additional 463,286 shares during the period. Swiss National Bank boosted its stake in Realty Income by 1.4% in the third quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock valued at $163,921,000 after acquiring an additional 35,100 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Realty Income by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock valued at $138,937,000 after purchasing an additional 74,185 shares during the last quarter. 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.