Realty Income Corporation (NYSE:O)‘s stock had its “equal weight” rating reissued by Capital One Financial Corporation in a research report issued on Wednesday, October 25th.
Other equities analysts have also recently issued reports about the company. Canaccord Genuity began coverage on Realty Income Corporation in a research report on Tuesday, July 18th. They issued a “buy” rating and a $61.00 price objective on the stock. Vetr raised Realty Income Corporation from a “hold” rating to a “buy” rating and set a $58.60 price target on the stock in a report on Thursday, October 19th. Stifel Nicolaus restated a “buy” rating and issued a $65.00 price objective 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. Finally, FBR & Co set a $56.00 price target on Realty Income Corporation and gave the stock a “hold” rating in a research note on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $65.43.
Realty Income Corporation (NYSE O) opened at $56.27 on Wednesday. Realty Income Corporation has a twelve month low of $52.85 and a twelve month high of $63.60. The company has a market capitalization of $15,856.04, a PE ratio of 18.39, a PEG ratio of 4.59 and a beta of 0.28. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.78.
Realty Income Corporation (NYSE:O) last announced its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Realty Income Corporation had a return on equity of 5.11% and a net margin of 29.37%. The company had revenue of $306.90 million for the quarter, compared to the consensus estimate of $292.73 million. During the same quarter in the previous year, the business earned $0.72 EPS. Realty Income Corporation’s revenue was up 10.8% compared to the same quarter last year. research analysts expect that Realty Income Corporation will post 3 EPS for the current year.
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In other news, CFO Paul M. Meurer sold 5,603 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $54.75, for a total transaction of $306,764.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gregory Mclaughlin sold 3,200 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $58.85, for a total transaction of $188,320.00. Following the transaction, the director now directly owns 15,986 shares in the company, valued at $940,776.10. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Realty Income Corporation by 1.8% in the second quarter. Vanguard Group Inc. now owns 46,814,575 shares of the real estate investment trust’s stock worth $2,583,229,000 after purchasing an additional 834,811 shares during the last quarter. BlackRock Inc. grew its holdings in Realty Income Corporation by 3.9% in the second quarter. BlackRock Inc. now owns 27,144,544 shares of the real estate investment trust’s stock worth $1,497,836,000 after purchasing an additional 1,024,539 shares during the last quarter. Northern Trust Corp grew its holdings in Realty Income Corporation by 3.6% in the second quarter. Northern Trust Corp now owns 4,718,094 shares of the real estate investment trust’s stock worth $260,344,000 after purchasing an additional 164,326 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Realty Income Corporation by 10.9% in the third quarter. JPMorgan Chase & Co. now owns 4,436,861 shares of the real estate investment trust’s stock worth $256,540,000 after purchasing an additional 437,803 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Realty Income Corporation by 8.0% in the third quarter. Bank of New York Mellon Corp now owns 4,345,915 shares of the real estate investment trust’s stock worth $248,543,000 after purchasing an additional 322,239 shares during the last quarter. 67.17% of the stock is currently owned by institutional investors.
About Realty Income Corporation
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.
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