Realty Income (NYSE:O) Stock Rating Reaffirmed by Wells Fargo & Company

Realty Income (NYSE:O)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Wells Fargo & Company in a research report issued on Tuesday, Benzinga reports. They presently have a $65.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $62.00. Wells Fargo & Company‘s target price would indicate a potential upside of 2.51% from the stock’s current price.

Several other equities research analysts also recently issued reports on O. KeyCorp initiated coverage on Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating on the stock. Scotiabank increased their target price on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 17th. Wedbush initiated coverage on Realty Income in a research report on Monday, August 19th. They set a “neutral” rating and a $64.00 target price on the stock. UBS Group increased their target price on Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, JPMorgan Chase & Co. increased their target price on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $62.80.

Realty Income Stock Performance

Realty Income stock traded down $0.01 during trading on Tuesday, hitting $63.41. The stock had a trading volume of 1,681,868 shares, compared to its average volume of 5,831,802. Realty Income has a 1 year low of $45.03 and a 1 year high of $63.60. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. The stock’s 50 day moving average is $60.94 and its two-hundred day moving average is $56.15. The stock has a market cap of $55.22 billion, a price-to-earnings ratio of 58.80, a price-to-earnings-growth ratio of 4.34 and a beta of 0.99.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a net margin of 17.89% and a return on equity of 3.27%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the company posted $1.00 EPS. Realty Income’s revenue for the quarter was up 31.4% on a year-over-year basis. As a group, analysts predict that Realty Income will post 4.2 EPS for the current year.

Insider Activity at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction 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 of the company’s stock, valued at $1,663,313.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the sale, the director now directly owns 5,257 shares of the company’s stock, valued at $319,467.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the sale, the director now directly owns 26,579 shares in the company, valued at $1,663,313.82. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Institutional Trading of Realty Income

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Realty Income by 18.3% in the first quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock worth $7,290,982,000 after buying an additional 20,848,560 shares during the period. Raymond James & Associates lifted its holdings in Realty Income by 76.6% in the second quarter. Raymond James & Associates now owns 3,366,982 shares of the real estate investment trust’s stock worth $177,844,000 after buying an additional 1,460,884 shares during the period. GRS Advisors LLC purchased a new stake in Realty Income in the fourth quarter worth about $58,843,000. Canada Pension Plan Investment Board lifted its holdings in Realty Income by 63.2% in the second quarter. Canada Pension Plan Investment Board now owns 2,610,483 shares of the real estate investment trust’s stock worth $137,886,000 after buying an additional 1,010,876 shares during the period. Finally, Cullen Capital Management LLC purchased a new stake in Realty Income in the fourth quarter worth about $56,076,000. 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.