Stifel Nicolaus Increases Realty Income (NYSE:O) Price Target to $70.25

Realty Income (NYSE:O) had its price objective lifted by equities researchers at Stifel Nicolaus from $67.50 to $70.25 in a note issued to investors on Wednesday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Stifel Nicolaus’ target price points to a potential upside of 14.43% from the company’s previous close.

A number of other research analysts have also commented on the stock. Wedbush started coverage on shares of Realty Income in a research note on Monday, August 19th. They set a “neutral” rating and a $64.00 price objective on the stock. Wells Fargo & Company raised their target price on shares of Realty Income from $57.00 to $62.00 and gave the stock an “equal weight” rating in a report on Monday. Robert W. Baird raised their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Scotiabank raised their target price on shares of Realty Income from $56.00 to $61.00 and gave the stock a “sector perform” rating in a report on Monday. Finally, Morgan Stanley restated an “equal weight” rating and set a $62.00 target price on shares of Realty Income in a report on Tuesday, August 6th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $62.52.

Realty Income Price Performance

NYSE O opened at $61.39 on Wednesday. Realty Income has a 12 month low of $45.03 and a 12 month high of $62.41. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83. The firm has a market capitalization of $53.46 billion, a PE ratio of 56.84, a P/E/G ratio of 5.05 and a beta of 0.96. The company’s 50 day simple moving average is $57.18 and its 200 day simple moving average is $54.51.

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 analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the business earned $1.00 EPS. Realty Income’s revenue was up 31.4% compared to the same quarter last year. As a group, equities research analysts forecast that Realty Income will post 4.2 EPS for the current fiscal year.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction 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 sale, the director now owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. CWA Asset Management Group LLC bought a new position in shares of Realty Income during the 4th quarter valued at $379,000. Texas Permanent School Fund Corp raised its holdings in shares of Realty Income by 15.0% during the 1st quarter. Texas Permanent School Fund Corp now owns 171,916 shares of the real estate investment trust’s stock valued at $9,301,000 after purchasing an additional 22,440 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Realty Income by 4.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,343,159 shares of the real estate investment trust’s stock valued at $77,124,000 after purchasing an additional 51,574 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Realty Income by 17.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,131,375 shares of the real estate investment trust’s stock valued at $61,208,000 after purchasing an additional 171,166 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in Realty Income by 5.4% in the 4th quarter. Treasurer of the State of North Carolina now owns 330,673 shares of the real estate investment trust’s stock worth $18,987,000 after acquiring an additional 16,831 shares during the period. 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.