Realty Income (NYSE:O) Upgraded by Freedom Capital to “Strong-Buy” Rating

Realty Income (NYSE:O) was upgraded by stock analysts at Freedom Capital from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. Morgan Stanley set a $67.00 price objective on shares of Realty Income in a research report on Monday, April 27th. Cantor Fitzgerald increased their price objective on shares of Realty Income from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, February 27th. Stifel Nicolaus increased their price objective on shares of Realty Income from $67.75 to $70.50 and gave the company a “buy” rating in a research report on Wednesday, February 25th. UBS Group increased their price objective on shares of Realty Income from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, March 9th. Finally, Loop Capital set a $69.00 price objective on shares of Realty Income in a research report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $67.27.

Realty Income Stock Performance

O opened at $62.28 on Monday. The stock has a market capitalization of $58.07 billion, a price-to-earnings ratio of 51.05, a PEG ratio of 4.21 and a beta of 0.75. The company has a fifty day moving average of $63.39 and a 200 day moving average of $60.82. Realty Income has a fifty-two week low of $54.38 and a fifty-two week high of $67.93. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56.

Realty Income (NYSE:O) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.03. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. Realty Income’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the company posted $1.06 earnings per share. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. As a group, sell-side analysts forecast that Realty Income will post 4.43 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Michelle Bushore sold 7,400 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $62.42, for a total value of $461,908.00. Following the completion of the sale, the insider owned 67,641 shares in the company, valued at approximately $4,222,151.22. This trade represents a 9.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Realty Income

Several institutional investors have recently made changes to their positions in the company. Stance Capital LLC bought a new stake in Realty Income during the 3rd quarter valued at about $27,000. EFG International AG bought a new stake in Realty Income during the 4th quarter valued at about $26,000. Strengthening Families & Communities LLC lifted its holdings in Realty Income by 586.1% during the 3rd quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 422 shares in the last quarter. Evolution Wealth Management Inc. increased its holdings in Realty Income by 257.1% during the 4th quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 360 shares during the period. Finally, Quattro Advisors LLC purchased a new position in Realty Income during the 4th quarter worth $29,000. Institutional investors own 70.81% of the company’s stock.

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.