The Fly reports that Mizuho analysts, in a research note sent to clients and investors on Thursday, increased Realty Income’s (NYSE:O) price objective from $61.00 to $64.00. The stock may increase in value from its most recent level by 0.68% in accordance with Mizuho’s target price.
More analysts have recently offered their assessments of the company. Morgan Stanley maintained an “overweight” rating for the stock while lowering their price objective for Realty Income in a report released on Tuesday, October 25th, from $76.00 to $74.00. In a research report issued on Tuesday, October 4th, Raymond James lowered their price objective for Realty Income from $78.00 to $68.00 while maintaining an “outperform” recommendation on the stock. Finally, Realty Income’s StockNews.com rating was changed from “hold” to “sell” on November 19. Currently, one analyst has given the company’s stock a sell rating, four have recommended holding it, and four have given it a buy rating. According to information from Bloomberg.com, the business now has a consensus “Hold” rating and an average price target of $72.
On Thursday, the opening price of O was $63.57. The company’s debt-to-equity, current, and quick ratios are each 0.61, 1.76, and 1.76, respectively. The company has exceptional characteristics, including a market value of $39.87 billion, a price-to-earnings ratio of 59.41, an earnings growth price-to-earnings ratio of 5.06, and a beta of 0.78. The company’s 50-day moving average is $61.36 and its 200-day moving average is $66.09. The price range for Realty Income over a year is $55.50 to $75.40.
Several institutional investors have changed the percentage of the company they own. During the third quarter, Vanguard Group Inc. grew its holding in Realty Income by 2.8%. After purchasing an additional 2,692,028 shares during the quarter, the company’s total shareholdings in the real estate investment trust are currently 98,517,484 shares, worth $5,733,718,000. BlackRock Inc. grew its stake in Realty Income shares by 1.3% during the third quarter. BlackRock Inc. now holds 57,015,332 shares, or a $3,318,291,000 market value, more shares of the real estate investment trust than it did three months ago. State Street Corp. grew its stake in Realty Income by 3.9% during the second quarter. State Street Corp. now directly owns 1,234,013,000 shares of the real estate investment trust, worth a total of 47,212,193 shares, after acquiring an additional 1,784,464 shares in the most recent quarter. Cohen & Steers Inc. grew its stake in Realty Income shares by 5.3% during the first quarter. Cohen & Steers Inc. now directly owns 32,005,017 shares of the REIT, worth $2,218,237,000, after acquiring an additional 1,615,114 shares in the most recent quarter. Finally, Bank of America Corp. (DE) raised its ownership of Realty Income shares by 13.2% during the first quarter. Bank of America Corp. (DE) now owns 20,834,253 shares of the REIT, valued at $1,443,813,000, after acquiring an additional 2,430,441 shares in the most recent quarter. Institutions and hedge funds own 81 and 57% of the stock, respectively.
Realty Income, The Monthly Dividend Company, an S&P 500 company, is dedicated to providing stockholders with a reliable monthly income. The business is structured as a REIT, and its monthly dividend payments are supported by the cash flow from more than 6,500 real estate holdings that are long-term leased to our commercial clients.