Vetr upgraded shares of Realty Income (NYSE:O) from a hold rating to a buy rating in a report published on Monday, November 20th. They currently have $58.60 price objective on the real estate investment trust’s stock.
Other analysts also recently issued reports about the stock. Stifel Nicolaus reaffirmed a buy rating and issued a $65.00 price objective on shares of Realty Income in a report on Wednesday, November 1st. Capital One Financial reissued an equal weight rating on shares of Realty Income in a report on Wednesday, October 25th. Ladenburg Thalmann Financial Services reissued a hold rating on shares of Realty Income in a report on Wednesday, November 1st. FBR & Co set a $56.00 price target on shares of Realty Income and gave the stock a hold rating in a report on Thursday, October 26th. Finally, B. Riley reaffirmed a neutral rating on shares of Realty Income in a report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $64.09.
Realty Income (NYSE:O) traded up $0.13 during trading hours on Monday, hitting $54.83. 1,631,520 shares of the stock traded hands, compared to its average volume of 1,755,011. Realty Income has a twelve month low of $52.85 and a twelve month high of $63.60. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $15,450.00, a price-to-earnings ratio of 18.05, a P/E/G ratio of 4.53 and a beta of 0.29.
Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. Realty Income had a net margin of 29.37% and a return on equity of 5.11%. The firm had revenue of $306.90 million during the quarter, compared to analyst estimates of $292.73 million. During the same quarter in the previous year, the business posted $0.72 EPS. Realty Income’s revenue was up 10.8% on a year-over-year basis. sell-side analysts expect that Realty Income will post 2.98 EPS for the current fiscal year.
The firm also recently announced a dec 17 dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.212 dividend. This represents a dividend yield of 4.49%. The ex-dividend date of this dividend is Thursday, November 30th. Realty Income’s dividend payout ratio (DPR) is 208.20%.
In other Realty Income news, Director Gregory Mclaughlin sold 3,200 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $58.85, for a total transaction of $188,320.00. Following the completion of the transaction, the director now owns 15,986 shares of the company’s stock, valued at $940,776.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Joel Tomlinson sold 1,746 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $56.45, for a total transaction of $98,561.70. Following the transaction, the senior vice president now directly owns 14,913 shares of the company’s stock, valued at approximately $841,838.85. The disclosure for this sale can be found here. Insiders sold 10,549 shares of company stock valued at $593,646 over the last quarter. Company insiders own 0.30% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. San Francisco Sentry Investment Group CA lifted its stake in Realty Income by 500.0% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,800 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 1,500 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in Realty Income by 314.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,927 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 1,462 shares during the last quarter. Bessemer Group Inc. lifted its stake in Realty Income by 42.1% in the second quarter. Bessemer Group Inc. now owns 2,200 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 652 shares during the last quarter. Wealthcare Advisory Partners LLC purchased a new position in Realty Income in the third quarter worth approximately $130,000. Finally, FNY Managed Accounts LLC purchased a new position in Realty Income in the third quarter worth approximately $137,000. 70.04% of the stock is owned by institutional investors and hedge funds.
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About Realty Income
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.
To view Vetr’s full report, visit Vetr’s official website.
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