Royal Bank of Canada Has Lowered Expectations for Realty Income (NYSE:O) Stock Price

Realty Income (NYSE:O) had its price objective lowered by Royal Bank of Canada from $67.00 to $63.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued reports about the stock. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $65.00 price target (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Stifel Nicolaus decreased their target price on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a research note on Tuesday. Robert W. Baird raised their target price on shares of Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. UBS Group raised their target price on shares of Realty Income from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Scotiabank raised their target price on shares of Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 17th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $63.85.

Realty Income Stock Down 0.7 %

NYSE O traded down $0.40 during trading hours on Wednesday, reaching $56.60. 2,342,049 shares of the company’s stock were exchanged, compared to its average volume of 5,678,553. The company’s 50-day moving average is $62.06 and its two-hundred day moving average is $57.85. Realty Income has a one year low of $49.52 and a one year high of $64.88. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market capitalization of $49.29 billion, a price-to-earnings ratio of 53.93, a price-to-earnings-growth ratio of 4.12 and a beta of 0.99.

Realty Income (NYSE:O) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a return on equity of 2.38% and a net margin of 17.57%. Realty Income’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.02 earnings per share. On average, analysts forecast that Realty Income will post 4.2 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently announced a nov 24 dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.2635 per share. This represents a dividend yield of 5.1%. The ex-dividend date is Friday, November 1st. Realty Income’s dividend payout ratio is currently 300.96%.

Insider Transactions at Realty Income

In other news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the sale, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the transaction, the director now owns 5,257 shares of the company’s stock, valued at $319,467.89. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the transaction, the director now directly owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of O. Norden Group LLC acquired a new position in Realty Income during the first quarter worth about $356,000. Central Pacific Bank Trust Division bought a new stake in shares of Realty Income during the first quarter worth about $46,000. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Realty Income by 3.0% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,699 shares of the real estate investment trust’s stock worth $633,000 after purchasing an additional 337 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Realty Income by 22.4% during the first quarter. Signaturefd LLC now owns 22,335 shares of the real estate investment trust’s stock worth $1,208,000 after purchasing an additional 4,089 shares during the last quarter. Finally, Csenge Advisory Group grew its holdings in shares of Realty Income by 31.1% during the first quarter. Csenge Advisory Group now owns 6,135 shares of the real estate investment trust’s stock worth $332,000 after purchasing an additional 1,456 shares during the last quarter. Institutional investors and hedge funds 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.