Realty Income (NYSE:O) Price Target Raised to $65.00 at Robert W. Baird

Realty Income (NYSE:O) had its price objective increased by Robert W. Baird from $64.00 to $65.00 in a report released on Monday, MarketBeat reports. They currently have a neutral rating on the real estate investment trust’s stock.

Several other brokerages also recently issued reports on O. UBS Group set a $67.00 price objective on shares of Realty Income in a research report on Thursday, June 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Realty Income in a research report on Friday, April 10th. Morgan Stanley set a $67.00 target price on shares of Realty Income in a research note on Monday, April 27th. Freedom Capital upgraded Realty Income from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Finally, Stifel Nicolaus set a $70.75 price target on Realty Income in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $66.65.

Realty Income Trading Up 1.7%

Shares of NYSE O opened at $64.26 on Monday. The company’s fifty day moving average is $62.00 and its 200-day moving average is $61.94. The stock has a market cap of $59.92 billion, a price-to-earnings ratio of 52.62, a P/E/G ratio of 4.98 and a beta of 0.72. Realty Income has a twelve month low of $55.86 and a twelve month high of $67.93. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.03. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the firm earned $1.06 EPS. Realty Income’s quarterly revenue was up 12.2% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Equities research analysts predict that Realty Income will post 4.45 EPS for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.271 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. This is a boost from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date is Tuesday, June 30th. Realty Income’s dividend payout ratio is 266.39%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. DGS Capital Management LLC increased its position in shares of Realty Income by 4.3% in the fourth quarter. DGS Capital Management LLC now owns 3,836 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 158 shares during the last quarter. Patrick M Sweeney & Associates Inc. raised its holdings in Realty Income by 4.5% during the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 3,801 shares of the real estate investment trust’s stock worth $214,000 after acquiring an additional 164 shares in the last quarter. CYBER HORNET ETFs LLC boosted its position in Realty Income by 7.4% during the fourth quarter. CYBER HORNET ETFs LLC now owns 2,417 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 166 shares during the last quarter. Sage Private Wealth Group LLC grew its stake in Realty Income by 2.2% in the fourth quarter. Sage Private Wealth Group LLC now owns 7,844 shares of the real estate investment trust’s stock valued at $442,000 after purchasing an additional 170 shares in the last quarter. Finally, Trust Investment Advisors grew its stake in Realty Income by 0.8% in the fourth quarter. Trust Investment Advisors now owns 23,266 shares of the real estate investment trust’s stock valued at $1,311,000 after purchasing an additional 178 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Company Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.