Zacks Investment Research cut shares of Realty Income Corp. (NYSE:O) from a buy rating to a hold rating in a report published on Friday morning.

According to Zacks, “REALTY INCOME CORP. is a fully integrated, self-administered and self-managed real estate company with in-house acquisition, leasing, legal, financial underwriting, porfolio management and capital markets expertise. “

A number of other brokerages have also issued reports on O. Stifel Nicolaus upped their price objective on shares of Realty Income Corp. from $66.00 to $73.00 and gave the company a buy rating in a report on Thursday, July 28th. Vetr lowered shares of Realty Income Corp. from a strong-buy rating to a buy rating and set a $74.01 price objective for the company. in a report on Wednesday, September 21st. Mizuho assumed coverage on shares of Realty Income Corp. in a report on Thursday, October 13th. They issued a neutral rating and a $65.00 price objective for the company. BTIG Research assumed coverage on shares of Realty Income Corp. in a report on Thursday, August 25th. They issued a neutral rating for the company. Finally, Oppenheimer Holdings Inc. upped their price objective on shares of Realty Income Corp. from $66.00 to $78.00 and gave the company an outperform rating in a report on Thursday, July 28th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $61.86.

Analyst Recommendations for Realty Income Corp. (NYSE:O)

Shares of Realty Income Corp. (NYSE:O) opened at 56.74 on Friday. Realty Income Corp. has a 12-month low of $48.37 and a 12-month high of $72.30. The stock has a 50 day moving average of $58.54 and a 200 day moving average of $64.32. The company has a market cap of $14.67 billion, a price-to-earnings ratio of 51.39 and a beta of 0.41.

Realty Income Corp. (NYSE:O) last issued its earnings results on Wednesday, October 26th. The company reported $0.73 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.73. The business earned $277.20 million during the quarter, compared to analysts’ expectations of $279.57 million. Realty Income Corp. had a net margin of 28.37% and a return on equity of 5.04%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 earnings per share. Analysts forecast that Realty Income Corp. will post $2.86 earnings per share for the current year.

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The firm also recently disclosed a dec 16 dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a $0.202 dividend. This represents a dividend yield of 4.36%. The ex-dividend date of this dividend is Tuesday, November 29th. Realty Income Corp.’s payout ratio is 220.00%.

Several hedge funds and other institutional investors have recently bought and sold shares of O. Victory Capital Management Inc. boosted its stake in shares of Realty Income Corp. by 0.4% in the second quarter. Victory Capital Management Inc. now owns 3,288 shares of the company’s stock valued at $228,000 after buying an additional 13 shares during the period. FCG Advisors LLC boosted its stake in shares of Realty Income Corp. by 0.4% in the third quarter. FCG Advisors LLC now owns 3,578 shares of the company’s stock valued at $239,000 after buying an additional 14 shares during the period. Atlanta Capital Group boosted its stake in shares of Realty Income Corp. by 0.4% in the second quarter. Atlanta Capital Group now owns 4,743 shares of the company’s stock valued at $329,000 after buying an additional 18 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in shares of Realty Income Corp. by 0.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 8,150 shares of the company’s stock valued at $545,000 after buying an additional 30 shares during the period. Finally, Raymond James Trust N.A. boosted its stake in shares of Realty Income Corp. by 0.3% in the second quarter. Raymond James Trust N.A. now owns 15,955 shares of the company’s stock valued at $1,107,000 after buying an additional 46 shares during the period. 68.30% of the stock is owned by institutional investors and hedge funds.

About Realty Income Corp.

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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