Analysts Set Realty Income Corporation (NYSE:O) Price Target at $63.21

Shares of Realty Income Corporation (NYSE:O) have been assigned an average rating of “Hold” from the sixteen research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $63.2143.

A number of research firms have commented on O. Wall Street Zen downgraded shares of Realty Income from a “hold” rating to a “sell” rating in a report on Tuesday. Royal Bank Of Canada lifted their price target on shares of Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a research note on Monday, December 29th. Mizuho decreased their target price on Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Finally, Cantor Fitzgerald lowered their target price on Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, November 6th.

Hedge Funds Weigh In On Realty Income

Several institutional investors have recently modified their holdings of O. Brighton Jones LLC grew its position in Realty Income by 11.2% in the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after purchasing an additional 615 shares during the last quarter. Bison Wealth LLC acquired a new position in shares of Realty Income during the fourth quarter worth approximately $571,000. Empowered Funds LLC boosted its position in shares of Realty Income by 8.0% during the first quarter. Empowered Funds LLC now owns 18,029 shares of the real estate investment trust’s stock worth $1,041,000 after buying an additional 1,330 shares during the period. Woodline Partners LP grew its holdings in Realty Income by 41.3% in the 1st quarter. Woodline Partners LP now owns 73,942 shares of the real estate investment trust’s stock worth $4,289,000 after buying an additional 21,603 shares in the last quarter. Finally, Intech Investment Management LLC increased its position in Realty Income by 14.9% in the 1st quarter. Intech Investment Management LLC now owns 25,401 shares of the real estate investment trust’s stock valued at $1,474,000 after acquiring an additional 3,290 shares during the period. Institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of O stock opened at $62.38 on Monday. The firm has a fifty day simple moving average of $58.54 and a 200-day simple moving average of $58.47. The company has a market capitalization of $57.38 billion, a PE ratio of 57.76, a price-to-earnings-growth ratio of 3.63 and a beta of 0.79. Realty Income has a twelve month low of $50.71 and a twelve month high of $62.53. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the company posted $1.05 EPS. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. Equities research analysts anticipate that Realty Income will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) annualized dividend and a yield of 5.2%. Realty Income’s dividend payout ratio (DPR) is currently 300.00%.

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.