Realty Income (NYSE:O) Cut to Sell at Wall Street Zen

by · The Markets Daily

Wall Street Zen downgraded shares of Realty Income (NYSE:O – Free Report) from a hold rating to a sell rating in a report published on Sunday morning.

O has been the subject of several other research reports. Cantor Fitzgerald lowered their price objective on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Barclays lifted their price target on shares of Realty Income from $63.00 to $64.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. reissued an “underweight” rating and set a $61.00 price objective on shares of Realty Income in a research report on Thursday, December 18th. Royal Bank Of Canada raised their target price on Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Finally, Evercore ISI assumed coverage on Realty Income in a research note on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price target on the stock. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $62.71.

Read Our Latest Research Report on Realty Income

Realty Income Stock Up 0.3%

Shares of NYSE:O opened at $61.63 on Friday. The company has a market capitalization of $56.69 billion, a price-to-earnings ratio of 57.06, a P/E/G ratio of 3.95 and a beta of 0.80. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53. The business’s 50-day moving average is $57.62 and its 200-day moving average is $58.17. Realty Income has a 1 year low of $50.71 and a 1 year high of $61.94.

Realty Income (NYSE:O – Get Free Report) last released its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter last year, the firm posted $1.05 earnings per share. The firm’s revenue was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Equities research analysts predict that Realty Income will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 30th will be issued a $0.27 dividend. The ex-dividend date is Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 5.3%. Realty Income’s dividend payout ratio (DPR) is currently 300.00%.

Institutional Investors Weigh In On Realty Income

Several institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Realty Income during the second quarter valued at about $676,500,000. Vanguard Group Inc. increased its holdings in Realty Income by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock valued at $8,418,907,000 after purchasing an additional 3,624,852 shares during the period. Geode Capital Management LLC raised its position in Realty Income by 8.3% during the 2nd quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock valued at $1,548,687,000 after purchasing an additional 2,058,031 shares during the last quarter. Schroder Investment Management Group lifted its holdings in Realty Income by 420.0% in the 2nd quarter. Schroder Investment Management Group now owns 2,139,550 shares of the real estate investment trust’s stock worth $123,259,000 after buying an additional 1,728,082 shares during the period. Finally, State Street Corp lifted its holdings in Realty Income by 2.1% in 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 period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Company Profile

(Get Free Report)

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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