Realty Income (NYSE:O) Rating Lowered to Hold at Vetr

Vetr cut shares of Realty Income (NYSE:O) from a buy rating to a hold rating in a research report sent to investors on Monday, November 13th. The firm currently has $58.60 target price on the real estate investment trust’s stock.

Several other research analysts have also issued reports on O. UBS raised shares of Realty Income from a sell rating to a neutral rating and raised their target price for the company from $52.00 to $57.00 in a research note on Friday, September 8th. Ladenburg Thalmann Financial Services reaffirmed a hold rating on shares of Realty Income in a research note on Thursday, July 27th. Canaccord Genuity initiated coverage on shares of Realty Income in a research note on Tuesday, July 18th. They issued a buy rating and a $61.00 target price on the stock. Morgan Stanley increased their price target on shares of Realty Income from $91.00 to $95.00 and gave the company an overweight rating in a research report on Monday, July 17th. Finally, FBR & Co initiated coverage on shares of Realty Income in a research report on Monday, July 17th. They issued a market perform rating and a $56.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $65.43.

Shares of Realty Income (O) traded up $0.25 during mid-day trading on Monday, hitting $55.55. 2,938,413 shares of the stock were exchanged, compared to its average volume of 1,304,332. Realty Income has a 52 week low of $52.85 and a 52 week high of $63.60. The firm has a market cap of $15,582.73, a PE ratio of 18.07, a price-to-earnings-growth ratio of 4.54 and a beta of 0.29. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.78.

Realty Income (NYSE:O) last posted its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Realty Income had a net margin of 29.37% and a return on equity of 5.11%. The business had revenue of $306.90 million for the quarter, compared to analyst estimates of $292.73 million. During the same quarter in the prior year, the firm earned $0.72 EPS. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. research analysts forecast that Realty Income will post 2.98 EPS for the current year.

The business also recently announced a dec 17 dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.212 per share. The ex-dividend date is Thursday, November 30th. This represents a yield of 4.49%. Realty Income’s dividend payout ratio (DPR) is currently 208.20%.

In related news, Director Gregory Mclaughlin sold 3,200 shares of the firm’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $58.85, for a total value of $188,320.00. Following the completion of the transaction, the director now directly owns 15,986 shares of the company’s stock, valued at $940,776.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Paul M. Meurer sold 5,603 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $54.75, for a total transaction of $306,764.25. The disclosure for this sale can be found here. Insiders have sold a total of 10,549 shares of company stock worth $593,646 over the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Several large investors have recently added to or reduced their stakes in O. Xact Kapitalforvaltning AB boosted its position in Realty Income by 2.2% during the third quarter. Xact Kapitalforvaltning AB now owns 57,704 shares of the real estate investment trust’s stock worth $3,300,000 after purchasing an additional 1,227 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in Realty Income by 23.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 160,139 shares of the real estate investment trust’s stock worth $8,837,000 after purchasing an additional 30,444 shares during the period. Lockheed Martin Investment Management Co. boosted its position in Realty Income by 167.5% during the second quarter. Lockheed Martin Investment Management Co. now owns 52,700 shares of the real estate investment trust’s stock worth $2,908,000 after purchasing an additional 33,000 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Realty Income by 8.0% during the third quarter. Bank of New York Mellon Corp now owns 4,345,915 shares of the real estate investment trust’s stock worth $248,543,000 after buying an additional 322,239 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Realty Income by 3.5% during the second quarter. Ameriprise Financial Inc. now owns 2,270,081 shares of the real estate investment trust’s stock worth $124,609,000 after buying an additional 76,311 shares in the last quarter. 70.07% of the stock is owned by institutional investors and hedge funds.

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Realty Income Company Profile

Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. As of December 31, 2016, the Company owned a diversified portfolio of 4,944 properties located in 49 states and Puerto Rico, with over 83.0 million square feet of leasable space leased to 248 different commercial tenants doing business in 47 separate industries.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Realty Income (NYSE:O)

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