Robert W. Baird Issues Positive Forecast for Realty Income (NYSE:O) Stock Price

Realty Income (NYSE:O) had its price target hoisted by equities research analysts at Robert W. Baird from $64.00 to $65.00 in a report released on Monday, MarketBeat reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Robert W. Baird’s price target would indicate a potential upside of 1.94% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. Freedom Capital upgraded Realty Income from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Royal Bank Of Canada boosted their price target on Realty Income from $70.00 to $71.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Morgan Stanley set a $67.00 price target on Realty Income in a report on Monday, April 27th. UBS Group set a $67.00 price objective on shares of Realty Income in a research report on Thursday, June 18th. Finally, Barclays lifted their price objective on shares of Realty Income from $65.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $66.65.

Realty Income Stock Performance

Shares of O stock opened at $63.77 on Monday. The company’s fifty day simple moving average is $62.00 and its 200-day simple moving average is $61.94. Realty Income has a 52 week low of $55.86 and a 52 week high of $67.93. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The company has a market cap of $59.46 billion, a PE ratio of 52.27, a P/E/G ratio of 4.98 and a beta of 0.72.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the company earned $1.06 EPS. The firm’s revenue was up 12.2% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. As a group, equities research analysts anticipate that Realty Income will post 4.45 EPS for the current year.

Hedge Funds Weigh In On Realty Income

Several large investors have recently modified their holdings of O. Versant Capital Management Inc increased its stake in Realty Income by 123.4% during the second quarter. Versant Capital Management Inc now owns 2,558 shares of the real estate investment trust’s stock valued at $158,000 after purchasing an additional 1,413 shares during the last quarter. First Financial Bank Trust Division lifted its position in shares of Realty Income by 9.4% in the 2nd quarter. First Financial Bank Trust Division now owns 52,724 shares of the real estate investment trust’s stock worth $3,267,000 after buying an additional 4,512 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Realty Income by 1.5% in the 1st quarter. Parallel Advisors LLC now owns 82,833 shares of the real estate investment trust’s stock worth $5,068,000 after buying an additional 1,249 shares during the last quarter. Keel Point LLC acquired a new position in shares of Realty Income in the 1st quarter valued at about $224,000. Finally, Cozad Asset Management Inc. boosted its holdings in shares of Realty Income by 7.0% in the 1st quarter. Cozad Asset Management Inc. now owns 15,069 shares of the real estate investment trust’s stock valued at $922,000 after buying an additional 990 shares during the period. Institutional investors own 70.81% of the company’s stock.

About Realty Income

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.