UBS Group Cuts Realty Income (NYSE:O) Price Target to $71.00

Realty Income (NYSE:O) had its price objective lowered by UBS Group from $72.00 to $71.00 in a research note released on Thursday,Benzinga reports. UBS Group currently has a buy rating on the real estate investment trust’s stock.

A number of other equities analysts have also recently issued reports on O. Scotiabank upped their price objective on shares of Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 17th. Robert W. Baird increased their price target on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Mizuho cut Realty Income from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $64.00 to $60.00 in a report on Thursday. Stifel Nicolaus cut their price target on Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Royal Bank of Canada lowered their price objective on Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Realty Income presently has an average rating of “Hold” and an average price target of $63.85.

Realty Income Stock Up 0.8 %

NYSE O opened at $56.54 on Thursday. The business has a fifty day moving average price of $61.31 and a two-hundred day moving average price of $58.01. The stock has a market capitalization of $49.48 billion, a PE ratio of 53.85, a PEG ratio of 3.98 and a beta of 0.99. Realty Income has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate 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 2.35% and a net margin of 17.57%. Realty Income’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.02 earnings per share. Equities analysts expect that Realty Income will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.2635 per share. This is an increase from Realty Income’s previous monthly dividend of $0.24. The ex-dividend date is Monday, December 2nd. This represents a $3.16 annualized dividend and a dividend yield of 5.59%. Realty Income’s dividend payout ratio (DPR) is 300.96%.

Insider Buying and Selling

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction of $303,850.00. Following the transaction, the director now owns 5,257 shares in the company, valued at approximately $319,467.89. This represents a 48.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the transaction, the director now directly owns 26,579 shares in the company, valued at $1,663,313.82. This trade represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of Realty Income by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust’s stock worth $1,445,036,000 after acquiring an additional 242,786 shares during the period. Prestige Wealth Management Group LLC boosted its position in Realty Income by 1,319.0% during the third quarter. Prestige Wealth Management Group LLC now owns 11,934 shares of the real estate investment trust’s stock worth $757,000 after purchasing an additional 11,093 shares during the period. Resources Management Corp CT ADV increased its stake in shares of Realty Income by 7.6% in the third quarter. Resources Management Corp CT ADV now owns 42,886 shares of the real estate investment trust’s stock worth $2,720,000 after purchasing an additional 3,044 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Realty Income by 0.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,984,125 shares of the real estate investment trust’s stock valued at $125,833,000 after purchasing an additional 7,077 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Realty Income in the 3rd quarter worth approximately $233,000. 70.81% of the stock is owned by institutional investors.

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.