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

Realty Income (NYSE:O) had its target price increased by research analysts at Mizuho from $54.00 to $59.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price objective would suggest a potential upside of 3.12% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus dropped their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Scotiabank reduced their price target on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a research note on Tuesday, February 25th. Royal Bank of Canada lowered their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Finally, Barclays raised their price objective on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $62.42.

Realty Income Price Performance

O traded up $0.10 on Thursday, reaching $57.22. 2,289,483 shares of the company’s stock were exchanged, compared to its average volume of 5,136,253. Realty Income has a twelve month low of $50.65 and a twelve month high of $64.88. The stock has a market cap of $51.02 billion, a PE ratio of 54.54, a P/E/G ratio of 2.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The stock’s fifty day moving average price is $55.96 and its 200-day moving average price is $57.17.

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

Institutional Trading of Realty Income

Several hedge funds have recently modified their holdings of the business. Lee Danner & Bass Inc. acquired a new position in Realty Income during the fourth quarter worth $28,000. Hopwood Financial Services Inc. purchased a new stake in shares of Realty Income in the fourth quarter valued at $29,000. Sierra Ocean LLC acquired a new stake in shares of Realty Income during the fourth quarter valued at $32,000. Millstone Evans Group LLC purchased a new stake in Realty Income during the 4th quarter worth about $34,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in Realty Income during the 4th quarter worth about $34,000. 70.81% of the stock is 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.