Realty Income (NYSE:O) Price Target Raised to $65.00

Realty Income (NYSE:O) had its price target boosted by Wells Fargo & Company from $64.00 to $65.00 in a research report sent to investors on Wednesday, Marketbeat.com reports. They currently have an equal weight rating on the real estate investment trust’s stock.

A number of other analysts have also commented on O. Freedom Capital raised Realty Income from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Morgan Stanley set a $67.00 price target on Realty Income in a report on Monday, April 27th. Robert W. Baird raised their price objective on Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, July 6th. UBS Group set a $67.00 price objective on Realty Income in a report on Thursday, June 18th. Finally, Barclays boosted their price objective on Realty Income from $65.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Realty Income has a consensus rating of “Hold” and a consensus price target of $67.17.

Realty Income Stock Down 0.1%

Shares of NYSE O opened at $65.70 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. The firm has a market cap of $61.26 billion, a PE ratio of 53.85, a P/E/G ratio of 5.13 and a beta of 0.72. The company’s fifty day simple moving average is $62.13 and its 200 day simple moving average is $62.41. Realty Income has a 12-month low of $55.86 and a 12-month high of $67.93.

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

Realty Income Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be given a dividend of $0.271 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 5.0%. Realty Income’s payout ratio is presently 266.39%.

Hedge Funds Weigh In On Realty Income

Several large investors have recently added to or reduced their stakes in O. DGS Capital Management LLC increased its position in shares of Realty Income by 4.3% in the 4th quarter. DGS Capital Management LLC now owns 3,836 shares of the real estate investment trust’s stock valued at $216,000 after purchasing an additional 158 shares during the last quarter. Tactive Advisors LLC raised its holdings in shares of Realty Income by 1.8% in the 2nd quarter. Tactive Advisors LLC now owns 9,239 shares of the real estate investment trust’s stock valued at $572,000 after purchasing an additional 163 shares in the last quarter. Patrick M Sweeney & Associates Inc. lifted its position in shares of Realty Income by 4.5% during the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 3,801 shares of the real estate investment trust’s stock worth $214,000 after purchasing an additional 164 shares during the last quarter. CYBER HORNET ETFs LLC lifted its position in shares of Realty Income by 7.4% during the 4th quarter. CYBER HORNET ETFs LLC now owns 2,417 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 166 shares during the last quarter. Finally, Sage Private Wealth Group LLC grew its stake in shares of Realty Income by 2.2% during the fourth quarter. Sage Private Wealth Group LLC now owns 7,844 shares of the real estate investment trust’s stock worth $442,000 after purchasing an additional 170 shares in the last quarter. Institutional investors 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.