Realty Income Corp. (O) Stock Rating Lowered by Vetr Inc.
Vetr cut shares of Realty Income Corp. (NYSE:O) from a buy rating to a hold rating in a research note published on Monday morning. The brokerage currently has $61.16 price objective on the stock.
Other research analysts have also issued research reports about the company. Stifel Nicolaus increased their price target on Realty Income Corp. from $66.00 to $73.00 and gave the stock a buy rating in a research note on Thursday, July 28th. Zacks Investment Research raised Realty Income Corp. from a hold rating to a buy rating and set a $79.00 price target on the stock in a research note on Wednesday, July 27th. BTIG Research initiated coverage on Realty Income Corp. in a research note on Thursday, August 25th. They set a neutral rating on the stock. Oppenheimer Holdings Inc. increased their price target on Realty Income Corp. from $66.00 to $78.00 and gave the stock an outperform rating in a research note on Thursday, July 28th. Finally, RBC Capital Markets reaffirmed a sector perform rating and issued a $66.00 target price (up from $58.00) on shares of Realty Income Corp. in a research report on Monday, August 1st. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $63.32.
Realty Income Corp. (NYSE:O) opened at 62.71 on Monday. The stock’s 50 day moving average price is $65.31 and its 200 day moving average price is $65.11. Realty Income Corp. has a 52-week low of $45.98 and a 52-week high of $72.30. The firm has a market capitalization of $16.21 billion, a PE ratio of 57.53 and a beta of 0.33.
Realty Income Corp. (NYSE:O) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by $0.02. Realty Income Corp. had a return on equity of 5.08% and a net margin of 27.95%. The business had revenue of $260.06 million for the quarter, compared to analysts’ expectations of $274.34 million. During the same period in the prior year, the company earned $0.69 EPS. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. Analysts expect that Realty Income Corp. will post $2.85 earnings per share for the current year.
The firm also recently announced a nov 16 dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st will be paid a dividend of $0.202 per share. The ex-dividend date is Friday, October 28th. This represents a dividend yield of 3.93%. Realty Income Corp.’s dividend payout ratio is presently 222.02%.
In other news, Director Kathleen Allen sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $70.49, for a total transaction of $281,960.00. Following the completion of the sale, the director now directly owns 74,000 shares in the company, valued at $5,216,260. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald Merriman sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $66.68, for a total value of $166,700.00. Following the sale, the director now owns 12,075 shares of the company’s stock, valued at $805,161. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Aperio Group LLC increased its position in Realty Income Corp. by 45.5% in the first quarter. Aperio Group LLC now owns 45,867 shares of the company’s stock worth $2,867,000 after buying an additional 14,351 shares during the period. Ngam Advisors L.P. increased its position in Realty Income Corp. by 4.6% in the first quarter. Ngam Advisors L.P. now owns 20,054 shares of the company’s stock worth $1,254,000 after buying an additional 891 shares during the period. TIAA CREF Investment Management LLC increased its position in Realty Income Corp. by 41.1% in the first quarter. TIAA CREF Investment Management LLC now owns 466,981 shares of the company’s stock worth $29,191,000 after buying an additional 136,096 shares during the period. Teachers Advisors Inc. increased its position in Realty Income Corp. by 29.5% in the first quarter. Teachers Advisors Inc. now owns 316,097 shares of the company’s stock worth $19,759,000 after buying an additional 72,096 shares during the period. Finally, Franklin Resources Inc. increased its position in Realty Income Corp. by 14.7% in the first quarter. Franklin Resources Inc. now owns 544,230 shares of the company’s stock worth $34,020,000 after buying an additional 69,600 shares during the period. Institutional investors own 70.99% of the company’s stock.
Realty Income Corp. 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.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for Realty Income Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income Corp. and related companies with MarketBeat.com's FREE daily email newsletter.