Realty Income Corporation (NYSE:O)‘s stock had its “underperform” rating reaffirmed by equities research analysts at Raymond James Financial, Inc. in a research report issued to clients and investors on Monday.
A number of other research firms have also recently commented on O. Mizuho initiated coverage on Realty Income Corporation in a research note on Thursday, October 13th. They set a “neutral” rating and a $65.00 target price on the stock. Wunderlich lowered their target price on Realty Income Corporation from $60.00 to $54.00 and set a “sell” rating on the stock in a research note on Monday, October 31st. Morgan Stanley upgraded Realty Income Corporation from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 12th. Zacks Investment Research upgraded Realty Income Corporation from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research note on Wednesday, January 4th. Finally, Vetr cut Realty Income Corporation from a “strong-buy” rating to a “buy” rating and set a $74.01 target price on the stock. in a research note on Wednesday, September 21st. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Realty Income Corporation has a consensus rating of “Hold” and a consensus price target of $62.35.
Shares of Realty Income Corporation (NYSE:O) traded down 0.09% during midday trading on Monday, reaching $58.64. 388,594 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $56.41 and a 200 day moving average price of $63.04. Realty Income Corporation has a 12 month low of $50.96 and a 12 month high of $72.30. The company has a market cap of $15.16 billion, a P/E ratio of 53.12 and a beta of 0.37.
Realty Income Corporation (NYSE:O) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $0.73 earnings per share for the quarter, meeting the consensus estimate of $0.73. Realty Income Corporation had a return on equity of 5.04% and a net margin of 28.37%. The business had revenue of $277.20 million for the quarter, compared to analysts’ expectations of $279.57 million. During the same period last year, the business earned $0.70 EPS. The business’s revenue was up 7.1% on a year-over-year basis. Equities research analysts forecast that Realty Income Corporation will post $1.11 earnings per share for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Friday, January 13th. Investors of record on Tuesday, January 3rd will be paid a $0.2025 dividend. This is a boost from Realty Income Corporation’s previous monthly dividend of $0.20. This represents a $2.43 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date is Thursday, December 29th. Realty Income Corporation’s payout ratio is currently 220.91%.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Janus Capital Management LLC raised its position in Realty Income Corporation by 304.8% in the second quarter. Janus Capital Management LLC now owns 2,174,113 shares of the company’s stock worth $150,797,000 after buying an additional 1,637,045 shares during the last quarter. PGGM Investments raised its position in Realty Income Corporation by 71.7% in the third quarter. PGGM Investments now owns 2,993,289 shares of the company’s stock worth $200,341,000 after buying an additional 1,250,120 shares during the last quarter. Nuveen Asset Management LLC raised its position in Realty Income Corporation by 580.4% in the second quarter. Nuveen Asset Management LLC now owns 1,349,426 shares of the company’s stock worth $93,596,000 after buying an additional 1,151,096 shares during the last quarter. BlackRock Fund Advisors raised its position in Realty Income Corporation by 12.5% in the second quarter. BlackRock Fund Advisors now owns 9,283,036 shares of the company’s stock worth $643,871,000 after buying an additional 1,032,768 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Realty Income Corporation by 128.1% in the third quarter. Principal Financial Group Inc. now owns 897,006 shares of the company’s stock worth $60,036,000 after buying an additional 503,696 shares during the last quarter. 68.21% of the stock is owned by institutional investors and hedge funds.
Realty Income Corporation 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. Its portfolio includes approximately 4,540 properties, of which over 4,519 are single-tenant properties, and the remaining are multi-tenant properties.
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