Realty Income (NYSE:O) Upgraded by Wall Street Zen to Hold Rating

Realty Income (NYSE:O) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Sunday.

A number of other equities research analysts have also recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Evercore ISI began coverage on Realty Income in a research report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 target price on the stock. Royal Bank Of Canada raised their price objective on shares of Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Realty Income in a report on Monday, December 1st. Finally, Mizuho raised their price objective on shares of Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $62.25.

Realty Income Stock Performance

Shares of O opened at $57.71 on Friday. Realty Income has a 1 year low of $50.71 and a 1 year high of $61.08. The stock has a 50-day simple moving average of $57.99 and a 200-day simple moving average of $58.01. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a market capitalization of $53.09 billion, a PE ratio of 53.44, a PEG ratio of 3.62 and a beta of 0.80.

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

Insider Buying and Selling

In related news, Director Mary Hogan Preusse sold 11,000 shares of the business’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the sale, the director directly owned 19,211 shares of the company’s stock, valued at $1,160,920.73. The trade was a 36.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.10% of the company’s stock.

Institutional Trading of Realty Income

Institutional investors have recently added to or reduced their stakes in the business. Compagnie Lombard Odier SCmA acquired a new stake in Realty Income during the second quarter worth about $25,000. Keystone Global Partners LLC acquired a new position in shares of Realty Income during the first quarter valued at $26,000. Stance Capital LLC acquired a new stake in shares of Realty Income in the 3rd quarter worth approximately $27,000. Heartwood Wealth Advisors LLC acquired a new stake in Realty Income in the third quarter worth approximately $29,000. Finally, Avion Wealth boosted its stake in Realty Income by 142.4% during the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 309 shares in the last quarter. 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.