Realty Income (NYSE:O) Lowered to Sector Perform Rating by Scotiabank

Realty Income (NYSE:O) was downgraded by stock analysts at Scotiabank from a “sector outperform” rating to a “sector perform” rating in a note issued to investors on Wednesday, Marketbeat Ratings reports. They presently have a $59.00 price objective on the real estate investment trust’s stock. Scotiabank’s price target suggests a potential upside of 4.47% from the company’s current price.

Several other brokerages have also issued reports on O. Robert W. Baird lifted their target price on shares of Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, July 6th. Royal Bank Of Canada decreased their price target on shares of Realty Income from $71.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Evercore set a $65.00 price objective on Realty Income in a report on Monday. Mizuho cut their price objective on Realty Income from $66.00 to $61.00 and set a “neutral” rating for the company in a research note on Thursday, September 17th. Finally, Weiss Ratings cut Realty Income from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $66.23.

Realty Income Trading Down 0.3%

Shares of NYSE:O opened at $56.48 on Wednesday. The business’s 50 day moving average price is $62.16 and its 200-day moving average price is $62.39. Realty Income has a 1 year low of $55.86 and a 1 year high of $67.93. The firm has a market capitalization of $53.44 billion, a price-to-earnings ratio of 41.22, a price-to-earnings-growth ratio of 4.03 and a beta of 0.71. The company has a debt-to-equity ratio of 0.73, a current ratio of 5.88 and a quick ratio of 5.88.

Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 EPS for the quarter, hitting the consensus estimate of $1.09. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.40 billion. Realty Income had a net margin of 20.93% and a return on equity of 3.12%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. On average, equities research analysts forecast that Realty Income will post 4.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Realty Income

Institutional investors and hedge funds have recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. grew its position in shares of Realty Income by 0.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,323,920 shares of the real estate investment trust’s stock valued at $130,999,000 after purchasing an additional 16,546 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Realty Income in the second quarter valued at approximately $17,203,000. Renaissance Technologies LLC purchased a new position in Realty Income during the first quarter worth approximately $3,147,000. M3 Wealth Management LLC purchased a new position in Realty Income during the second quarter worth approximately $2,665,000. Finally, Geode Capital Management LLC boosted its stake in Realty Income by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 29,206,196 shares of the real estate investment trust’s stock worth $1,655,991,000 after buying an additional 793,100 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Company Profile

Realty Income Corporation is a real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial properties. The company primarily uses long-term, single-tenant, net lease agreements, under which tenants generally assume responsibility for property-level expenses such as maintenance, insurance and taxes.

Its portfolio includes retail, industrial, distribution, office, gaming and other commercial properties. Realty Income serves a broad range of tenants, including convenience stores, grocery stores, pharmacies, home improvement retailers, restaurants, logistics operators and other established businesses.