Realty Income (NYSE:O) Price Target Lowered to $66.00 at Mizuho

by · The Cerbat Gem

Realty Income (NYSE:OGet Free Report) had its price objective decreased by stock analysts at Mizuho from $68.00 to $66.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price objective indicates a potential upside of 5.57% from the company’s current price.

O has been the subject of a number of other reports. Stifel Nicolaus lifted their price objective on Realty Income from $67.75 to $70.50 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Morgan Stanley set a $67.00 price objective on Realty Income in a research note on Monday, April 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Realty Income in a research note on Friday, April 10th. Scotiabank reaffirmed an “outperform” rating on shares of Realty Income in a research note on Tuesday. Finally, UBS Group lifted their price objective on Realty Income from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $67.35.

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Realty Income Price Performance

NYSE:O opened at $62.52 on Wednesday. Realty Income has a 52 week low of $54.38 and a 52 week high of $67.93. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $58.30 billion, a P/E ratio of 51.24, a P/E/G ratio of 4.24 and a beta of 0.75. The stock’s fifty day moving average is $63.30 and its two-hundred day moving average is $60.83.

Realty Income (NYSE:OGet Free Report) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the business earned $1.06 earnings per share. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Equities analysts expect that Realty Income will post 4.43 EPS for the current year.

Insider Buying and Selling

In related news, insider Michelle Bushore sold 7,400 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $62.42, for a total transaction of $461,908.00. Following the completion of the transaction, the insider directly owned 67,641 shares of the company’s stock, valued at $4,222,151.22. The trade was a 9.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new stake in Realty Income during the 4th quarter worth about $558,775,000. Vanguard Group Inc. lifted its holdings in Realty Income by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 149,730,338 shares of the real estate investment trust’s stock worth $9,102,107,000 after buying an additional 3,594,127 shares during the last quarter. Morgan Stanley lifted its holdings in Realty Income by 21.6% during the 4th quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock worth $1,031,080,000 after buying an additional 3,252,091 shares during the last quarter. Deutsche Bank AG lifted its holdings in Realty Income by 45.1% during the 4th quarter. Deutsche Bank AG now owns 4,998,963 shares of the real estate investment trust’s stock worth $281,792,000 after buying an additional 1,554,726 shares during the last quarter. Finally, State Street Corp lifted its holdings in Realty Income by 2.1% during the 3rd quarter. State Street Corp now owns 63,028,892 shares of the real estate investment trust’s stock worth $3,831,526,000 after buying an additional 1,295,936 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

More Realty Income News

Here are the key news stories impacting Realty Income this week:

Realty Income Company Profile

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Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.

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