Mizuho Issues Positive Forecast for Realty Income (NYSE:O) Stock Price

Realty Income (NYSE:O) had its target price raised by Mizuho from $54.00 to $59.00 in a report issued on Thursday morning,Benzinga reports. Mizuho currently has a neutral rating on the real estate investment trust’s stock.

Other equities analysts have also issued research reports about the company. Barclays upped their price objective on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective for the company. in a report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price on the stock. Royal Bank of Canada cut their target price on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Finally, Scotiabank decreased their price target on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $62.42.

Realty Income Price Performance

Shares of NYSE:O opened at $55.11 on Thursday. The firm’s 50 day moving average price is $56.03 and its 200-day moving average price is $57.08. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $49.15 billion, a PE ratio of 52.49, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. Realty Income has a twelve month low of $50.65 and a twelve month high of $64.88.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Equities research analysts expect that Realty Income will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.2685 per share. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. This represents a yield of 5.7%. The ex-dividend date is Tuesday, April 1st. Realty Income’s payout ratio is presently 328.57%.

Institutional Trading of Realty Income

Institutional investors have recently bought and sold shares of the stock. Lee Danner & Bass Inc. purchased a new position in shares of Realty Income during the fourth quarter valued at approximately $28,000. Hopwood Financial Services Inc. bought a new stake in shares of Realty Income during the 4th quarter worth approximately $29,000. Sierra Ocean LLC purchased a new position in Realty Income during the 4th quarter valued at $32,000. Millstone Evans Group LLC bought a new position in Realty Income in the 4th quarter valued at $34,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in Realty Income in the fourth quarter worth $34,000. 70.81% of the stock is currently owned by institutional investors.

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.