Shares of Realty Income Corp (NYSE:O) have earned an average recommendation of “Hold” from the thirteen research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $63.37.
O has been the subject of a number of analyst reports. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Realty Income in a research report on Wednesday, November 1st. Stifel Nicolaus restated a “buy” rating and set a $65.00 price objective on shares of Realty Income in a research report on Wednesday, November 1st. B. Riley restated a “neutral” rating on shares of Realty Income in a research report on Wednesday, November 1st. Vetr downgraded shares of Realty Income from a “buy” rating to a “hold” rating and set a $58.60 price objective for the company. in a research report on Monday, November 13th. Finally, Citigroup upgraded shares of Realty Income to a “market perform” rating in a research report on Wednesday, December 20th. They noted that the move was a valuation call.
Realty Income (O) traded down $1.23 during mid-day trading on Friday, reaching $49.37. 3,216,237 shares of the company traded hands, compared to its average volume of 2,740,000. Realty Income has a 1 year low of $47.25 and a 1 year high of $63.60. The stock has a market cap of $13,910.00, a P/E ratio of 44.88, a price-to-earnings-growth ratio of 3.82 and a beta of 0.14. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.15 and a current ratio of 1.15.
Realty Income (NYSE:O) last released its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.76 EPS for the quarter, beating the consensus estimate of $0.32 by $0.44. The firm had revenue of $298.90 million during the quarter, compared to the consensus estimate of $301.53 million. Realty Income had a net margin of 26.22% and a return on equity of 5.11%. Realty Income’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 EPS. research analysts anticipate that Realty Income will post 3.16 EPS for the current year.
The business also recently declared a mar 18 dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.219 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a dividend yield of 5.32%. Realty Income’s dividend payout ratio (DPR) is presently 239.09%.
Large investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB grew its stake in shares of Realty Income by 2.2% during the 3rd 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. Wells Fargo & Company MN grew its stake in Realty Income by 7.0% in the 3rd quarter. Wells Fargo & Company MN now owns 2,626,834 shares of the real estate investment trust’s stock valued at $150,228,000 after acquiring an additional 172,658 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in Realty Income by 11.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,100,701 shares of the real estate investment trust’s stock valued at $62,762,000 after acquiring an additional 110,127 shares during the last quarter. Advisor Partners LLC grew its stake in Realty Income by 43.0% in the 4th quarter. Advisor Partners LLC now owns 7,027 shares of the real estate investment trust’s stock valued at $373,000 after acquiring an additional 2,112 shares during the last quarter. Finally, Family Legacy Inc. acquired a new stake in Realty Income in the 4th quarter valued at about $593,000. 70.77% of the stock is currently 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.
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