Stifel Nicolaus Raises Realty Income (NYSE:O) Price Target to $67.50

Realty Income (NYSE:O) had its target price increased by Stifel Nicolaus from $65.00 to $67.50 in a research report report published on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

A number of other brokerages have also recently issued reports on O. UBS Group upped their target price on shares of Realty Income from $61.00 to $68.00 and gave the company a buy rating in a report on Thursday, July 18th. Scotiabank increased their target price on Realty Income from $54.00 to $56.00 and gave the stock a sector perform rating in a research note on Thursday, May 16th. KeyCorp began coverage on Realty Income in a report on Wednesday, June 12th. They issued a sector weight rating for the company. Finally, Mizuho boosted their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company a buy rating in a research report on Friday, May 10th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of Hold and a consensus price target of $61.57.

Realty Income Trading Up 0.2 %

Shares of Realty Income stock traded up $0.10 during trading hours on Tuesday, hitting $60.32. The company’s stock had a trading volume of 938,949 shares, compared to its average volume of 6,150,568. Realty Income has a 12 month low of $45.03 and a 12 month high of $61.60. 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 company has a market capitalization of $52.53 billion, a PE ratio of 55.94, a price-to-earnings-growth ratio of 5.05 and a beta of 0.96. The stock has a 50 day moving average of $55.08 and a 200 day moving average of $53.89.

Realty Income (NYSE:O) last issued its quarterly earnings results 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). The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.22 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 earnings per share. Analysts predict that Realty Income will post 4.2 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently announced a aug 24 dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be given a dividend of $0.263 per share. This represents a dividend yield of 5.7%. The ex-dividend date is Thursday, August 1st. Realty Income’s payout ratio is presently 291.67%.

Institutional Investors Weigh In On Realty Income

Institutional investors have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. lifted its position in shares of Realty Income by 199.3% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 20,837 shares of the real estate investment trust’s stock worth $1,101,000 after buying an additional 13,876 shares in the last quarter. Retirement Planning Co of New England Inc. grew its stake in Realty Income by 7.7% in the 2nd quarter. Retirement Planning Co of New England Inc. now owns 13,488 shares of the real estate investment trust’s stock valued at $712,000 after purchasing an additional 963 shares during the period. Mystic Asset Management Inc. increased its position in shares of Realty Income by 3.0% during the 2nd quarter. Mystic Asset Management Inc. now owns 25,978 shares of the real estate investment trust’s stock valued at $1,372,000 after purchasing an additional 755 shares during the last quarter. Williams Financial LLC bought a new stake in shares of Realty Income during the 2nd quarter worth $841,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Realty Income by 12.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,344,643 shares of the real estate investment trust’s stock worth $123,844,000 after buying an additional 257,821 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Company Profile

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.