Realty Income Corporation (NYSE:O) has earned an average rating of “Hold” from the fourteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $64.00.

A number of research firms have weighed in on O. Stifel Nicolaus reiterated a “buy” rating and issued a $65.00 target price on shares of Realty Income Corporation in a research note on Friday, July 14th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Realty Income Corporation in a research note on Thursday, July 27th. Canaccord Genuity began coverage on Realty Income Corporation in a research note on Tuesday, July 18th. They issued a “buy” rating and a $61.00 target price on the stock. BidaskClub upgraded Realty Income Corporation from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Finally, FBR & Co began coverage on Realty Income Corporation in a research note on Monday, July 17th. They issued a “market perform” rating and a $56.00 target price on the stock.

In related news, Director Priya Cherian Huskins sold 8,000 shares of the firm’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $56.23, for a total transaction of $449,840.00. Following the sale, the director now owns 20,513 shares of the company’s stock, valued at $1,153,445.99. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.30% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. Private Trust Co. NA increased its stake in shares of Realty Income Corporation by 13.2% in the first quarter. Private Trust Co. NA now owns 18,800 shares of the real estate investment trust’s stock valued at $1,119,000 after buying an additional 2,198 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of Realty Income Corporation by 1.1% in the first quarter. Capstone Asset Management Co. now owns 24,427 shares of the real estate investment trust’s stock valued at $1,454,000 after buying an additional 270 shares in the last quarter. Gradient Investments LLC increased its stake in shares of Realty Income Corporation by 245,570.7% in the first quarter. Gradient Investments LLC now owns 100,725 shares of the real estate investment trust’s stock valued at $5,996,000 after buying an additional 100,684 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. increased its stake in shares of Realty Income Corporation by 2.4% in the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,755 shares of the real estate investment trust’s stock valued at $462,000 after buying an additional 180 shares in the last quarter. Finally, National Pension Service increased its stake in shares of Realty Income Corporation by 12.7% in the first quarter. National Pension Service now owns 230,003 shares of the real estate investment trust’s stock valued at $13,554,000 after buying an additional 25,977 shares in the last quarter. 68.74% of the stock is owned by institutional investors and hedge funds.

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Realty Income Corporation (O) opened at 57.45 on Tuesday. Realty Income Corporation has a 52 week low of $52.72 and a 52 week high of $69.54. The stock has a market capitalization of $15.75 billion, a P/E ratio of 49.14 and a beta of 0.32. The company has a 50 day moving average of $56.17 and a 200 day moving average of $58.05.

Realty Income Corporation (NYSE:O) last released its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.76. Realty Income Corporation had a return on equity of 5.14% and a net margin of 29.19%. The business had revenue of $300.20 million for the quarter, compared to analyst estimates of $289.86 million. During the same quarter last year, the firm posted $0.70 earnings per share. The business’s revenue was up 10.8% compared to the same quarter last year. Equities analysts expect that Realty Income Corporation will post $1.21 EPS for the current fiscal year.

The business also recently disclosed a aug 17 dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be given a dividend of $0.2115 per share. This represents a yield of 4.63%. The ex-dividend date is Friday, July 28th. Realty Income Corporation’s payout ratio is currently 217.09%.

Realty Income Corporation 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.

Analyst Recommendations for Realty Income Corporation (NYSE:O)

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