Realty Income Corp (NYSE:O) has been assigned an average rating of “Hold” from the eleven brokerages that are presently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $80.44.
A number of equities research analysts have recently issued reports on O shares. Morgan Stanley boosted their price target on shares of Realty Income from $72.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, September 17th. Jefferies Financial Group started coverage on shares of Realty Income in a report on Thursday, October 10th. They set a “buy” rating and a $99.00 price target on the stock. Standpoint Research boosted their price target on shares of Realty Income to $83.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Stifel Nicolaus boosted their price target on shares of Realty Income from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, Deutsche Bank initiated coverage on shares of Realty Income in a research report on Tuesday, August 27th. They set a “hold” rating and a $73.00 price objective on the stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Grove Bank & Trust raised its stake in shares of Realty Income by 2.6% in the 3rd quarter. Grove Bank & Trust now owns 4,926 shares of the real estate investment trust’s stock valued at $378,000 after buying an additional 124 shares in the last quarter. Berman Capital Advisors LLC raised its stake in shares of Realty Income by 62.8% in the 2nd quarter. Berman Capital Advisors LLC now owns 402 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 155 shares in the last quarter. Mutual Advisors LLC raised its stake in shares of Realty Income by 0.5% in the 2nd quarter. Mutual Advisors LLC now owns 32,776 shares of the real estate investment trust’s stock valued at $2,261,000 after buying an additional 156 shares in the last quarter. CWM LLC raised its stake in shares of Realty Income by 3.0% in the 3rd quarter. CWM LLC now owns 5,553 shares of the real estate investment trust’s stock valued at $426,000 after buying an additional 161 shares in the last quarter. Finally, Gamble Jones Investment Counsel raised its stake in shares of Realty Income by 0.8% in the 2nd quarter. Gamble Jones Investment Counsel now owns 20,689 shares of the real estate investment trust’s stock valued at $1,427,000 after buying an additional 163 shares in the last quarter. 73.99% of the stock is currently owned by hedge funds and other institutional investors.
Shares of O stock traded down $0.19 during trading hours on Friday, reaching $75.75. 55,763 shares of the stock traded hands, compared to its average volume of 1,682,991. Realty Income has a 1-year low of $59.93 and a 1-year high of $82.17. The business has a fifty day moving average price of $78.23 and a 200 day moving average price of $74.01. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $24.75 billion, a PE ratio of 23.75, a PEG ratio of 6.13 and a beta of 0.01.
Realty Income (NYSE:O) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.51). Realty Income had a net margin of 27.30% and a return on equity of 4.61%. The firm had revenue of $374.20 million for the quarter, compared to analyst estimates of $369.86 million. During the same quarter in the prior year, the firm earned $0.34 EPS. The firm’s revenue was up 10.7% compared to the same quarter last year. Research analysts expect that Realty Income will post 3.27 earnings per share for the current fiscal year.
The business also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a dividend of $0.227 per share. This represents a $2.72 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date is Friday, November 29th. Realty Income’s payout ratio is presently 85.27%.
About Realty Income
Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
Further Reading: Understanding Market Liquidity
Receive News & Ratings for Realty Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income and related companies with MarketBeat.com's FREE daily email newsletter.