Barclays Issues Positive Forecast for Realty Income (NYSE:O) Stock Price

Realty Income (NYSE:O) had its price target hoisted by Barclays from $56.00 to $59.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the real estate investment trust’s stock.

A number of other research analysts also recently commented on the stock. Scotiabank dropped their price objective on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. UBS Group dropped their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Mizuho decreased their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus dropped their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Royal Bank of Canada reduced their target price on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $62.04.

Realty Income Stock Performance

Shares of O opened at $57.80 on Tuesday. Realty Income has a 12-month low of $50.65 and a 12-month high of $64.88. The stock has a market cap of $51.53 billion, a P/E ratio of 55.05, a PEG ratio of 2.10 and a beta of 1.00. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average of $54.43 and a two-hundred day moving average of $57.89.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. As a group, research analysts predict that Realty Income will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a $0.268 dividend. This is an increase from Realty Income’s previous mar 25 dividend of $0.26. This represents a dividend yield of 5.7%. The ex-dividend date is Monday, March 3rd. Realty Income’s dividend payout ratio (DPR) is presently 327.55%.

Institutional Trading of Realty Income

A number of institutional investors and hedge funds have recently made changes to their positions in O. Lee Danner & Bass Inc. acquired a new position in Realty Income during the 4th quarter valued at about $28,000. Hopwood Financial Services Inc. bought a new position in shares of Realty Income in the fourth quarter worth $29,000. Sierra Ocean LLC bought a new position in shares of Realty Income in the fourth quarter worth $32,000. Millstone Evans Group LLC acquired a new stake in Realty Income in the fourth quarter worth about $34,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of Realty Income during the 4th quarter worth about $34,000. 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.