Shares of Realty Income Co. (NYSE:O) have received a consensus rating of “Hold” from the fifteen ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $61.51.
Several equities analysts have issued reports on the company. DA Davidson raised Realty Income from a “neutral” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Wednesday, March 28th. Mizuho reaffirmed a “hold” rating and set a $53.00 price objective on shares of Realty Income in a report on Friday, March 2nd. B. Riley set a $56.00 price objective on Realty Income and gave the stock a “hold” rating in a report on Thursday, February 22nd. Stifel Nicolaus dropped their price objective on Realty Income from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 22nd. Finally, Citigroup raised Realty Income to a “market perform” rating in a report on Wednesday, December 20th. They noted that the move was a valuation call.
Shares of O stock opened at $50.81 on Friday. The stock has a market cap of $14,411.25, a price-to-earnings ratio of 16.60, a PEG ratio of 3.86 and a beta of 0.18. Realty Income has a 1 year low of $47.25 and a 1 year high of $62.31. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.15 and a current ratio of 1.15.
Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.44. The company had revenue of $298.90 million for the quarter, compared to analyst estimates of $301.53 million. Realty Income had a return on equity of 5.11% and a net margin of 26.22%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 earnings per share. analysts predict that Realty Income will post 3.16 earnings per share for the current year.
The business also recently declared a apr 18 dividend, which was paid on Friday, April 13th. Investors of record on Monday, April 2nd were issued a dividend of $0.2195 per share. The ex-dividend date was Thursday, March 29th. This represents a dividend yield of 5.15%. This is a positive change from Realty Income’s previous apr 18 dividend of $0.22. Realty Income’s dividend payout ratio (DPR) is currently 85.95%.
In related news, EVP Benjamin N. Fox sold 2,276 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $50.39, for a total transaction of $114,687.64. Following the transaction, the executive vice president now owns 17,531 shares of the company’s stock, valued at $883,387.09. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.20% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. lifted its position in Realty Income by 13.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 247,177 shares of the real estate investment trust’s stock valued at $14,094,000 after purchasing an additional 28,957 shares during the period. Certified Advisory Corp acquired a new stake in Realty Income in the fourth quarter valued at about $414,000. Hanson McClain Inc. lifted its position in Realty Income by 103.9% in the fourth quarter. Hanson McClain Inc. now owns 8,542 shares of the real estate investment trust’s stock valued at $487,000 after purchasing an additional 4,352 shares during the period. Xact Kapitalforvaltning AB lifted its position in Realty Income by 6.9% in the fourth quarter. Xact Kapitalforvaltning AB now owns 61,713 shares of the real estate investment trust’s stock valued at $3,519,000 after purchasing an additional 4,009 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in Realty Income by 1.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 193,644 shares of the real estate investment trust’s stock valued at $11,043,000 after purchasing an additional 1,869 shares during the period. Hedge funds and other institutional investors own 70.97% of the company’s stock.
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Realty Income Company Profile
Realty Income, The Monthly Dividend Company®, is an S&P 500 company dedicated to providing shareholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,000 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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