Realty Income Corporation (NYSE:O) Receives Consensus Recommendation of “Hold” from Analysts

Realty Income Corporation (NYSE:O) has earned an average rating of “Hold” from the sixteen ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $63.2143.

A number of research firms have commented on O. Mizuho decreased their target price on shares of Realty Income from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a research note on Monday, December 29th. Morgan Stanley boosted their price objective on shares of Realty Income from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 24th. Wall Street Zen cut shares of Realty Income from a “hold” rating to a “sell” rating in a report on Tuesday, February 3rd. Finally, Wells Fargo & Company lifted their price target on shares of Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in O. Norges Bank purchased a new stake in shares of Realty Income in the 2nd quarter worth about $676,500,000. Vanguard Group Inc. raised its position in Realty Income by 2.5% during the second quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock worth $8,418,907,000 after acquiring an additional 3,624,852 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Realty Income by 8.3% in the second quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock valued at $1,548,687,000 after purchasing an additional 2,058,031 shares in the last quarter. Schroder Investment Management Group grew its position in shares of Realty Income by 420.0% in the second quarter. Schroder Investment Management Group now owns 2,139,550 shares of the real estate investment trust’s stock valued at $123,259,000 after purchasing an additional 1,728,082 shares during the last quarter. Finally, State Street Corp grew its position in shares of Realty Income by 2.1% in the third quarter. State Street Corp now owns 63,028,892 shares of the real estate investment trust’s stock valued at $3,831,526,000 after purchasing an additional 1,295,936 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of O stock opened at $63.27 on Monday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72. The stock has a 50 day simple moving average of $58.78 and a 200-day simple moving average of $58.56. The company has a market cap of $58.20 billion, a price-to-earnings ratio of 58.58, a price-to-earnings-growth ratio of 3.74 and a beta of 0.79. Realty Income has a 12-month low of $50.71 and a 12-month high of $63.90.

Realty Income Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) annualized dividend and a yield of 5.1%. Realty Income’s payout ratio is currently 300.00%.

Realty Income Company Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.