Realty Income (NYSE:O) Lowered to “Sell” Rating by Wall Street Zen

Realty Income (NYSE:O) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Other equities analysts have also recently issued reports about the stock. Wells Fargo & Company lifted their target price on shares of Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. Cantor Fitzgerald lowered their target price on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Realty Income in a research note on Monday. Mizuho increased their price target on shares of Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Finally, Scotiabank increased their price objective on shares of Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Three investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $62.23.

Realty Income Price Performance

O stock opened at $58.42 on Friday. Realty Income has a 1 year low of $50.71 and a 1 year high of $61.08. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53. The business has a 50 day simple moving average of $58.31 and a 200-day simple moving average of $57.94. The firm has a market capitalization of $53.74 billion, a PE ratio of 54.09, a price-to-earnings-growth ratio of 3.65 and a beta of 0.80.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.01. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the firm earned $1.05 EPS. Realty Income’s revenue was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Equities research analysts anticipate that Realty Income will post 4.19 earnings per share for the current fiscal year.

Insider Activity

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the company’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the transaction, the director owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. This represents a 36.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Realty Income

Several hedge funds have recently made changes to their positions in the business. Moseley Investment Management Inc. boosted its stake in shares of Realty Income by 1.3% during the 2nd quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust’s stock worth $781,000 after acquiring an additional 175 shares during the period. Crescent Sterling Ltd. raised its position in Realty Income by 4.1% during the third quarter. Crescent Sterling Ltd. now owns 4,515 shares of the real estate investment trust’s stock valued at $274,000 after purchasing an additional 176 shares in the last quarter. Castle Rock Wealth Management LLC lifted its position in shares of Realty Income by 0.6% during the 2nd quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust’s stock worth $1,552,000 after buying an additional 177 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in shares of Realty Income by 10.7% in the second quarter. Creative Financial Designs Inc. ADV now owns 1,833 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 177 shares during the last quarter. Finally, Revisor Wealth Management LLC boosted its position in Realty Income by 2.3% in the second quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust’s stock valued at $454,000 after buying an additional 178 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

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.