Realty Income (NYSE:O) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Realty Income (NYSE:O) from a hold rating to a sell rating in a report published on Saturday.

O has been the subject of several other research reports. Cantor Fitzgerald lowered their target price on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. UBS Group boosted their price objective on shares of Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Barclays raised their target price on shares of Realty Income from $63.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 3rd. Wells Fargo & Company upped their target price on Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. Finally, Evercore ISI started coverage on Realty Income in a report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price target on the stock. Three analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, Realty Income has an average rating of “Hold” and an average price target of $62.23.

Realty Income Price Performance

Shares of O stock opened at $57.36 on Friday. The firm has a market cap of $52.77 billion, a P/E ratio of 53.11, a P/E/G ratio of 3.67 and a beta of 0.80. The firm has a fifty day moving average of $58.25 and a two-hundred day moving average of $57.98. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53. Realty Income has a 1-year low of $50.71 and a 1-year high of $61.08.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, topping 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 the consensus estimate of $1.35 billion. During the same period last year, the firm earned $1.05 earnings per share. The company’s revenue for the quarter 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, research analysts anticipate that Realty Income will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be given a dividend of $0.2695 per share. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Friday, November 28th. Realty Income’s dividend payout ratio is 299.07%.

Insider Activity at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the transaction, the director owned 19,211 shares of the company’s stock, valued at $1,160,920.73. This trade represents a 36.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in O. Brighton Jones LLC grew its stake in shares of Realty Income by 11.2% in the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock valued at $326,000 after acquiring an additional 615 shares in the last quarter. Bison Wealth LLC acquired a new position in shares of Realty Income during the 4th quarter worth approximately $571,000. ASR Vermogensbeheer N.V. acquired a new stake in shares of Realty Income in the first quarter valued at approximately $371,000. Chicago Partners Investment Group LLC raised its position in shares of Realty Income by 20.9% in the first quarter. Chicago Partners Investment Group LLC now owns 12,865 shares of the real estate investment trust’s stock valued at $730,000 after buying an additional 2,225 shares in the last quarter. Finally, Deutsche Bank AG grew its position in Realty Income by 28.7% during the first quarter. Deutsche Bank AG now owns 2,301,849 shares of the real estate investment trust’s stock worth $133,530,000 after buying an additional 512,886 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

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.