Realty Income Corp. (O) Hits New 12-Month High at $71.92
Realty Income Corp. (NYSE:O) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $71.92 and last traded at $70.95, with a volume of 896,995 shares traded. The stock had previously closed at $71.47.
O has been the subject of several research reports. Stifel Nicolaus reissued a “buy” rating and issued a $64.00 target price (up previously from $59.00) on shares of Realty Income Corp. in a research report on Tuesday, April 5th. Zacks Investment Research raised Realty Income Corp. from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Friday, May 6th. Mitsubishi UFJ Financial Group assumed coverage on Realty Income Corp. in a research report on Tuesday, April 5th. They set a “neutral” rating and a $60.00 price objective for the company. Goldman Sachs Group Inc. reaffirmed a “sell” rating on shares of Realty Income Corp. in a research report on Monday, March 28th. Finally, Vetr lowered Realty Income Corp. from a “hold” rating to a “sell” rating and set a $59.00 price objective for the company. in a research report on Wednesday, June 1st. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $58.42.
The stock has a 50-day moving average price of $64.06 and a 200-day moving average price of $59.90. The stock has a market cap of $17.36 billion and a PE ratio of 64.68.
Realty Income Corp. (NYSE:O) last announced its quarterly earnings results on Tuesday, April 26th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by $0.02. The company earned $267.12 million during the quarter, compared to analysts’ expectations of $266.73 million. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $0.67 EPS. Analysts predict that Realty Income Corp. will post $2.86 earnings per share for the current year.
The company also recently declared a jul 16 dividend, which will be paid on Friday, July 15th. Investors of record on Friday, July 1st will be issued a $0.1995 dividend. This is a positive change from Realty Income Corp.’s previous jul 16 dividend of $0.20. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a dividend yield of 3.68%.
In other Realty Income Corp. news, SVP Benjamin N. Fox sold 2,174 shares of the company’s stock in a transaction on Friday, June 24th. The stock was sold at an average price of $65.79, for a total transaction of $143,027.46. Following the completion of the sale, the senior vice president now owns 12,130 shares in the company, valued at $798,032.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Priya Cherian Huskins sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $62.29, for a total value of $124,580.00. Following the sale, the director now owns 24,513 shares of the company’s stock, valued at approximately $1,526,914.77. The disclosure for this sale can be found here.
A number of hedge funds recently bought and sold shares of the company. Advantus Capital Management Inc raised its stake in Realty Income Corp. by 9.6% in the fourth quarter. Advantus Capital Management Inc now owns 24,108 shares of the company’s stock worth $1,245,000 after buying an additional 2,118 shares in the last quarter. Vanguard Group Inc. raised its stake in Realty Income Corp. by 6.9% in the fourth quarter. Vanguard Group Inc. now owns 38,725,225 shares of the company’s stock worth $1,999,384,000 after buying an additional 2,506,121 shares in the last quarter. KBC Group raised its stake in Realty Income Corp. by 15.6% in the third quarter. KBC Group now owns 59,444 shares of the company’s stock worth $2,817,000 after buying an additional 8,021 shares in the last quarter. Alps Advisors Inc. raised its stake in Realty Income Corp. by 3.5% in the fourth quarter. Alps Advisors Inc. now owns 30,433 shares of the company’s stock worth $1,571,000 after buying an additional 1,030 shares in the last quarter. Finally, US Bancorp DE raised its stake in Realty Income Corp. by 0.5% in the fourth quarter. US Bancorp DE now owns 55,123 shares of the company’s stock worth $2,846,000 after buying an additional 257 shares in the last quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.