Mizuho Issues Pessimistic Forecast for Realty Income (NYSE:O) Stock Price

Realty Income (NYSE:O) had its price target dropped by analysts at Mizuho from $60.00 to $54.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s target price would suggest a potential upside of 2.97% from the company’s current price.

Other research analysts also recently issued reports about the stock. Royal Bank of Canada decreased their target price on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Barclays assumed coverage on shares of Realty Income in a report on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 target price for the company. Wells Fargo & Company restated an “equal weight” rating and set a $65.00 price target (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Stifel Nicolaus reduced their target price on Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price for the company. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $62.50.

Realty Income Stock Performance

Realty Income stock opened at $52.44 on Wednesday. The firm has a fifty day simple moving average of $55.48 and a two-hundred day simple moving average of $58.30. Realty Income has a twelve month low of $50.65 and a twelve month high of $64.88. The company has a market capitalization of $45.90 billion, a PE ratio of 49.94, a P/E/G ratio of 2.05 and a beta of 1.00. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the firm posted $1.02 EPS. The company’s revenue was up 28.1% on a year-over-year basis. Research analysts expect that Realty Income will post 4.2 EPS for the current year.

Hedge Funds Weigh In On Realty Income

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parnassus Investments LLC raised its stake in shares of Realty Income by 7.4% in the third quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock worth $1,550,506,000 after purchasing an additional 1,676,293 shares during the last quarter. Geode Capital Management LLC increased its position in Realty Income by 1.1% during the third quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust’s stock valued at $1,445,036,000 after acquiring an additional 242,786 shares during the last quarter. Legal & General Group Plc lifted its holdings in Realty Income by 4.5% in the second quarter. Legal & General Group Plc now owns 12,258,468 shares of the real estate investment trust’s stock valued at $647,492,000 after acquiring an additional 531,008 shares during the period. Dimensional Fund Advisors LP boosted its position in Realty Income by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 11,682,105 shares of the real estate investment trust’s stock worth $617,043,000 after purchasing an additional 413,865 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Realty Income by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock valued at $617,028,000 after purchasing an additional 463,286 shares during the period. 70.81% of the stock is owned by institutional investors.

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.