Scotiabank Has Lowered Expectations for Realty Income (NYSE:O) Stock Price

Realty Income (NYSE:O) had its price objective trimmed by Scotiabank from $61.00 to $59.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has a sector perform rating on the real estate investment trust’s stock.

Several other brokerages also recently commented on O. Royal Bank of Canada cut their target price on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price on the stock. Barclays assumed coverage on shares of Realty Income in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 target price for the company. Mizuho dropped their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Finally, UBS Group decreased their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.12.

Realty Income Stock Performance

NYSE:O opened at $54.62 on Thursday. The stock’s 50-day moving average is $54.92 and its 200-day moving average is $58.32. Realty Income has a 1-year low of $50.65 and a 1-year high of $64.88. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market cap of $47.80 billion, a P/E ratio of 52.02, a price-to-earnings-growth ratio of 1.85 and a beta of 1.00.

Realty Income (NYSE:O) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share 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 2.35% and a net margin of 17.57%. The company’s revenue was up 28.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.02 earnings per share. Equities research analysts anticipate that Realty Income will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently disclosed a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a $0.264 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is presently 301.91%.

Hedge Funds Weigh In On Realty Income

A number of institutional investors have recently modified their holdings of the company. Mutual of America Capital Management LLC raised its holdings in shares of Realty Income by 0.7% in the 2nd quarter. Mutual of America Capital Management LLC now owns 115,367 shares of the real estate investment trust’s stock worth $6,094,000 after acquiring an additional 778 shares during the last quarter. Argent Trust Co lifted its holdings in shares of Realty Income by 36.5% in the second quarter. Argent Trust Co now owns 5,907 shares of the real estate investment trust’s stock valued at $312,000 after purchasing an additional 1,580 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Realty Income by 15.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 73,994 shares of the real estate investment trust’s stock valued at $3,726,000 after buying an additional 9,874 shares during the last quarter. Elo Mutual Pension Insurance Co grew its holdings in Realty Income by 11.2% during the second quarter. Elo Mutual Pension Insurance Co now owns 84,336 shares of the real estate investment trust’s stock worth $4,455,000 after buying an additional 8,467 shares in the last quarter. Finally, Kentucky Retirement Systems raised its position in Realty Income by 3.9% in the 2nd quarter. Kentucky Retirement Systems now owns 65,618 shares of the real estate investment trust’s stock valued at $3,466,000 after buying an additional 2,461 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

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.