Several other equities research analysts have also recently commented on O. BidaskClub cut shares of Realty Income Corporation from a hold rating to a sell rating in a research report on Wednesday, July 5th. Stifel Nicolaus restated a buy rating and set a $65.00 price objective on shares of Realty Income Corporation in a research note on Friday, July 14th. FBR & Co assumed coverage on shares of Realty Income Corporation in a research note on Monday, July 17th. They set a market perform rating and a $56.00 price objective on the stock. Morgan Stanley upped their price target on shares of Realty Income Corporation from $91.00 to $95.00 and gave the company an overweight rating in a research note on Monday, July 17th. Finally, Canaccord Genuity assumed coverage on shares of Realty Income Corporation in a research note on Tuesday, July 18th. They issued a buy rating and a $61.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $65.43.
Shares of Realty Income Corporation (NYSE O) opened at $56.67 on Wednesday. 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 Corporation has a fifty-two week low of $52.85 and a fifty-two week high of $63.60. The company has a market cap of $15,856.06, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 4.59 and a beta of 0.28.
Realty Income Corporation (NYSE:O) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. The business had revenue of $306.90 million for the quarter, compared to analysts’ expectations of $292.73 million. Realty Income Corporation had a net margin of 29.37% and a return on equity of 5.11%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 EPS. equities analysts forecast that Realty Income Corporation will post 3 earnings per share for the current fiscal year.
The firm also recently declared a dec 17 dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.212 per share. This represents a dividend yield of 4.49%. The ex-dividend date is Thursday, November 30th. Realty Income Corporation’s payout ratio is currently 208.20%.
In other news, Director Gregory Mclaughlin sold 3,200 shares of the stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $58.85, for a total transaction of $188,320.00. Following the completion of the sale, the director now directly owns 15,986 shares in the company, valued at $940,776.10. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Paul M. Meurer sold 5,603 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was 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. 0.30% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the business. AMP Capital Investors Ltd lifted its stake in shares of Realty Income Corporation by 59.3% in the third quarter. AMP Capital Investors Ltd now owns 280,314 shares of the real estate investment trust’s stock valued at $16,031,000 after buying an additional 104,355 shares in the last quarter. B. Riley Financial Inc. bought a new position in shares of Realty Income Corporation in the third quarter valued at $468,000. Private Advisor Group LLC lifted its stake in shares of Realty Income Corporation by 3.4% in the third quarter. Private Advisor Group LLC now owns 54,391 shares of the real estate investment trust’s stock valued at $3,076,000 after buying an additional 1,771 shares in the last quarter. National Planning Corp lifted its position in shares of Realty Income Corporation by 28.8% during the third quarter. National Planning Corp now owns 13,711 shares of the real estate investment trust’s stock valued at $782,000 after purchasing an additional 3,062 shares in the last quarter. Finally, Dearborn Partners LLC lifted its position in shares of Realty Income Corporation by 0.6% during the third quarter. Dearborn Partners LLC now owns 389,075 shares of the real estate investment trust’s stock valued at $22,251,000 after purchasing an additional 2,265 shares in the last quarter. 67.20% of the stock is currently owned by hedge funds and other institutional investors.
About Realty Income Corporation
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.
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