Royal Bank of Canada Issues Pessimistic Forecast for Realty Income (NYSE:O) Stock Price

Realty Income (NYSE:O) had its target price reduced by research analysts at Royal Bank of Canada from $67.00 to $63.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 12.24% from the company’s current price.

Other analysts also recently issued research reports about the company. Robert W. Baird raised their price objective on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Wedbush initiated coverage on Realty Income in a research note on Monday, August 19th. They set a “neutral” rating and a $64.00 price objective on the stock. Scotiabank raised their price objective on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 17th. Morgan Stanley reaffirmed an “equal weight” rating and set a $62.00 price objective on shares of Realty Income in a research note on Tuesday, August 6th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $65.00 price target (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and a consensus price target of $63.85.

Realty Income Trading Down 4.6 %

Shares of NYSE:O traded down $2.69 during midday trading on Wednesday, hitting $56.13. The company had a trading volume of 4,674,735 shares, compared to its average volume of 5,662,707. Realty Income has a 12 month low of $49.52 and a 12 month high of $64.88. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66. The stock has a market cap of $48.88 billion, a price-to-earnings ratio of 51.97, a PEG ratio of 4.09 and a beta of 0.99. The firm has a fifty day simple moving average of $62.16 and a 200 day simple moving average of $57.86.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a return on equity of 2.36% and a net margin of 17.89%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the business earned $1.02 earnings per share. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. On average, analysts predict that Realty Income will post 4.2 EPS for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in O. KBC Group NV increased its holdings in shares of Realty Income by 391.6% during the third quarter. KBC Group NV now owns 623,658 shares of the real estate investment trust’s stock worth $39,552,000 after buying an additional 496,796 shares in the last quarter. Huntington National Bank increased its holdings in shares of Realty Income by 3.9% during the third quarter. Huntington National Bank now owns 168,933 shares of the real estate investment trust’s stock worth $10,714,000 after buying an additional 6,308 shares in the last quarter. Plato Investment Management Ltd increased its holdings in shares of Realty Income by 683.8% during the third quarter. Plato Investment Management Ltd now owns 2,704 shares of the real estate investment trust’s stock worth $171,000 after buying an additional 2,359 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Realty Income by 5.8% during the third quarter. Oppenheimer & Co. Inc. now owns 91,410 shares of the real estate investment trust’s stock worth $5,797,000 after buying an additional 4,982 shares in the last quarter. Finally, Empower Advisory Group LLC acquired a new position in shares of Realty Income during the third quarter worth $208,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

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.