Realty Income (NYSE:O) Cut to Neutral at BNP Paribas

BNP Paribas downgraded shares of Realty Income (NYSE:O) from an outperform rating to a neutral rating in a research report sent to investors on Tuesday, Marketbeat Ratings reports. BNP Paribas currently has $61.00 target price on the real estate investment trust’s stock.

Other analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target on the stock. Scotiabank dropped their target price on Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Mizuho reduced their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 price objective on shares of Realty Income in a report on Monday, January 27th. Finally, Stifel Nicolaus reduced their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $61.96.

Realty Income Price Performance

Shares of O opened at $56.59 on Tuesday. The business’s 50-day moving average is $54.16 and its two-hundred day moving average is $57.97. The company has a market capitalization of $49.52 billion, a P/E ratio of 53.89, a P/E/G ratio of 2.10 and a beta of 1.00. 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 quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share 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 analysts’ expectations of $1.28 billion. Research analysts predict that Realty Income will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a $0.268 dividend. This represents a yield of 5.7%. This is a positive change from Realty Income’s previous mar 25 dividend of $0.26. The ex-dividend date of this dividend is Monday, March 3rd. Realty Income’s dividend payout ratio (DPR) is 327.55%.

Institutional Trading of Realty Income

Several large investors have recently added to or reduced their stakes in O. Trust Co. of Vermont boosted its position in shares of Realty Income by 12.7% during the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock worth $13,540,000 after buying an additional 28,480 shares during the period. Atlanta Consulting Group Advisors LLC purchased a new stake in Realty Income in the 3rd quarter valued at $896,000. Charles Schwab Investment Management Inc. raised its position in Realty Income by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock valued at $617,028,000 after purchasing an additional 463,286 shares during the last quarter. Asset Management One Co. Ltd. grew its position in Realty Income by 6.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust’s stock worth $93,850,000 after purchasing an additional 101,184 shares during the last quarter. Finally, Swiss National Bank increased its stake in Realty Income by 1.4% in the third quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock valued at $163,921,000 after purchasing an additional 35,100 shares during the period. 70.81% of the stock is currently owned by hedge funds and other 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.