Realty Income (NYSE:O) Upgraded to “Sector Outperform” at Scotiabank

Scotiabank upgraded shares of Realty Income (NYSE:O) from a sector perform rating to a sector outperform rating in a research report report published on Friday morning, Marketbeat reports. The firm currently has $67.00 price objective on the real estate investment trust’s stock.

A number of other analysts also recently issued reports on O. Wells Fargo & Company raised their target price on Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Mizuho dropped their price objective on shares of Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Barclays lifted their target price on shares of Realty Income from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 3rd. Cantor Fitzgerald decreased their target price on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a report on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $63.21.

Realty Income Stock Up 0.7%

O stock opened at $61.18 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average of $58.27 and a two-hundred day moving average of $58.35. Realty Income has a 12 month low of $50.71 and a 12 month high of $61.95. The company has a market cap of $56.28 billion, a price-to-earnings ratio of 56.65, a PEG ratio of 3.90 and a beta of 0.80.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.35 billion. During the same period in the prior year, the business earned $1.05 earnings per share. The business’s revenue was up 10.5% compared to the same quarter last year. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, analysts forecast that Realty Income will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

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

Institutional Investors Weigh In On Realty Income

A number of institutional investors have recently modified their holdings of the company. Stance Capital LLC acquired a new position in Realty Income in the 3rd quarter valued at about $27,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of Realty Income during the third quarter worth about $29,000. Avion Wealth boosted its stake in shares of Realty Income by 142.4% in the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 309 shares during the period. Strengthening Families & Communities LLC grew its holdings in shares of Realty Income by 586.1% in the third quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 422 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Realty Income in the second quarter valued at approximately $31,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Company Profile

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.