Mizuho Cuts Realty Income (NYSE:O) Price Target to $61.00

Realty Income (NYSE:O) had its target price decreased by Mizuho from $66.00 to $61.00 in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. Mizuho currently has a neutral rating on the real estate investment trust’s stock.

Several other equities analysts have also issued reports on O. UBS Group set a $67.00 price target on Realty Income in a research note on Thursday, June 18th. Jefferies Financial Group initiated coverage on Realty Income in a research note on Monday, June 1st. They issued a “buy” rating and a $69.00 price objective on the stock. Wells Fargo & Company decreased their target price on Realty Income from $65.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 1st. Scotiabank decreased their target price on Realty Income from $72.00 to $67.00 and set a “sector outperform” rating on the stock in a research report on Thursday, June 18th. Finally, Evercore set a $68.00 target price on Realty Income in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.92.

Realty Income Stock Performance

Shares of Realty Income stock opened at $56.66 on Thursday. The company has a current ratio of 5.88, a quick ratio of 5.88 and a debt-to-equity ratio of 0.73. The company has a market cap of $53.62 billion, a PE ratio of 41.36, a price-to-earnings-growth ratio of 4.03 and a beta of 0.71. The company has a 50 day moving average of $62.45 and a 200-day moving average of $62.56. Realty Income has a 1-year low of $55.86 and a 1-year high of $67.93.

Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.09. Realty Income had a net margin of 20.93% and a return on equity of 3.12%. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the firm posted $1.05 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. As a group, equities research analysts forecast that Realty Income will post 4.42 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.2715 dividend. This is a boost from Realty Income’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date is Wednesday, September 30th. Realty Income’s dividend payout ratio is 237.23%.

Institutional Trading of Realty Income

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new position in Realty Income in the 2nd quarter valued at approximately $6,997,219,000. State Street Corp increased its position in Realty Income by 0.8% in the 4th quarter. State Street Corp now owns 63,559,987 shares of the real estate investment trust’s stock valued at $3,599,676,000 after acquiring an additional 531,095 shares during the period. Geode Capital Management LLC increased its position in Realty Income by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 29,206,196 shares of the real estate investment trust’s stock valued at $1,655,991,000 after acquiring an additional 793,100 shares during the period. Bank of America Corp DE raised its stake in shares of Realty Income by 10.3% during the second quarter. Bank of America Corp DE now owns 19,117,994 shares of the real estate investment trust’s stock valued at $1,184,551,000 after acquiring an additional 1,785,859 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Realty Income by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 13,018,219 shares of the real estate investment trust’s stock valued at $796,457,000 after acquiring an additional 154,581 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Realty Income

Here are the key news stories impacting Realty Income this week:

• Positive Sentiment: Dividend raised for the 136th time. Realty Income increased its monthly dividend to $0.2715 per share from $0.2710. The October 15 payment will go to shareholders of record on September 30, reinforcing the REIT’s long-term income track record and potentially supporting demand from income-focused investors. Dividend increase article
• Positive Sentiment: KKR partnership could improve capital flexibility. Realty Income is pursuing a European property venture in which KKR-advised capital accounts would invest €528 million for a 49% interest. The transaction would provide gross proceeds while Realty Income retains a majority interest, potentially helping fund acquisitions and reduce balance-sheet pressure. Closing is expected September 30, subject to customary conditions. KKR partner investment article
• Neutral Sentiment: Monthly income appeal remains a key investment theme. Coverage highlighting Realty Income’s monthly distributions and potential tax advantages inside a Roth IRA may increase visibility among retail and retirement investors, but it does not change the company’s earnings or cash flow fundamentals. Monthly dividend and Roth IRA article
• Negative Sentiment: Analyst price target lowered. Mizuho cut its Realty Income target to $61 from $66 and maintained a neutral rating. The revision signals limited expected upside and likely adds selling pressure, particularly with the shares trading well below their long-term moving averages.
• Negative Sentiment: Higher-for-longer interest rates remain a headwind. Analyst commentary argues that elevated borrowing costs have weakened the traditional REIT playbook. Higher rates can make Realty Income’s dividend less competitive versus bonds, increase financing costs and constrain acquisition-driven growth. Higher-for-longer rates analysis

About Realty Income

Realty Income Corporation is a real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial properties. The company primarily uses long-term, single-tenant, net lease agreements, under which tenants generally assume responsibility for property-level expenses such as maintenance, insurance and taxes.

Its portfolio includes retail, industrial, distribution, office, gaming and other commercial properties. Realty Income serves a broad range of tenants, including convenience stores, grocery stores, pharmacies, home improvement retailers, restaurants, logistics operators and other established businesses.