UBS Group Boosts Realty Income (NYSE:O) Price Target to $72.00

Realty Income (NYSE:O) had its price target boosted by UBS Group from $70.00 to $72.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

Other analysts also recently issued research reports about the company. Wedbush started coverage on Realty Income in a research note on Monday, August 19th. They issued a “neutral” rating and a $64.00 target price on the stock. Stifel Nicolaus raised their price objective on shares of Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $65.00 target price (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Morgan Stanley reissued an “equal weight” rating and set a $62.00 price target on shares of Realty Income in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and an average target price of $63.94.

Realty Income Price Performance

NYSE O opened at $64.71 on Wednesday. The company has a market cap of $56.35 billion, a price-to-earnings ratio of 59.91, a PEG ratio of 4.32 and a beta of 0.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39. The stock’s fifty day moving average price is $62.03 and its 200 day moving average price is $57.05. Realty Income has a 1 year low of $45.03 and a 1 year high of $64.76.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Realty Income had a return on equity of 2.36% and a net margin of 17.89%. The company’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.00 earnings per share. As a group, equities research analysts forecast that Realty Income will post 4.2 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently disclosed a nov 24 dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.2635 dividend. This represents a yield of 5.1%. The ex-dividend date of this dividend is Friday, November 1st. Realty Income’s payout ratio is 292.59%.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the transaction, the director now owns 5,257 shares in the company, valued at approximately $319,467.89. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the sale, the director now owns 5,257 shares in the company, valued at approximately $319,467.89. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value of $107,136.96. Following the transaction, the director now owns 26,579 shares in the company, valued at approximately $1,663,313.82. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Institutional Trading of Realty Income

Hedge funds have recently made changes to their positions in the company. Pacifica Partners Inc. increased its position in shares of Realty Income by 444.4% during the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 400 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of Realty Income during the first quarter valued at about $27,000. Bell Investment Advisors Inc raised its stake in shares of Realty Income by 69.6% in the 1st quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 217 shares during the period. MFA Wealth Advisors LLC acquired a new position in shares of Realty Income in the 2nd quarter worth approximately $33,000. Finally, Riverview Trust Co purchased a new position in shares of Realty Income during the 1st quarter worth approximately $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.