Realty Income (NYSE:O) Given New $59.00 Price Target at Barclays

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

O has been the subject of a number of other reports. Mizuho reduced their price objective 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. BNP Paribas cut shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a research report on Tuesday, February 25th. UBS Group reduced their target price 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. Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price for the company. Finally, Royal Bank of Canada reduced their target price on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and an average target price of $62.04.

Realty Income Stock Performance

NYSE:O opened at $57.41 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The company has a fifty day moving average of $54.62 and a two-hundred day moving average of $57.89. The stock has a market capitalization of $51.18 billion, a PE ratio of 54.67, a P/E/G ratio of 2.10 and a beta of 1.00. Realty Income has a fifty-two week low of $50.65 and a fifty-two week high of $64.88.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. As a group, research analysts forecast that Realty Income will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.268 per share. This represents a yield of 5.7%. The ex-dividend date is Monday, March 3rd. This is a positive change from Realty Income’s previous mar 25 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is 327.55%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Lee Danner & Bass Inc. acquired a new stake in shares of Realty Income during the fourth quarter worth about $28,000. Hopwood Financial Services Inc. acquired a new stake in shares of Realty Income during the fourth quarter worth about $29,000. Sierra Ocean LLC acquired a new stake in shares of Realty Income during the fourth quarter worth about $32,000. Millstone Evans Group LLC acquired a new stake in shares of Realty Income during the fourth quarter worth about $34,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of Realty Income during the fourth quarter worth about $34,000. 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.