Shares of Realty Income Corp (NYSE:O) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $70.36 and last traded at $70.28, with a volume of 465711 shares trading hands. The stock had previously closed at $70.08.
A number of research firms recently issued reports on O. Zacks Investment Research cut Realty Income from a “buy” rating to a “hold” rating in a research report on Friday, January 4th. Citigroup raised Realty Income from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $56.00 to $67.00 in a research report on Wednesday, December 12th. Bank of America raised Realty Income from a “neutral” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Thursday, November 15th. Royal Bank of Canada boosted their price target on Realty Income from $57.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 6th. Finally, ValuEngine raised Realty Income from a “hold” rating to a “buy” rating in a research report on Tuesday, October 23rd. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Realty Income currently has an average rating of “Hold” and an average price target of $59.00.
The stock has a market capitalization of $20.68 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 4.57 and a beta of 0.23. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.20 and a quick ratio of 1.20.
The business also recently declared a feb 19 dividend, which will be paid on Friday, February 15th. Shareholders of record on Friday, February 1st will be given a $0.2255 dividend. The ex-dividend date is Thursday, January 31st. This represents a dividend yield of 4.18%. This is a boost from Realty Income’s previous feb 19 dividend of $0.22. Realty Income’s payout ratio is currently 88.56%.
Large investors have recently made changes to their positions in the business. Laurel Wealth Advisors LLC acquired a new position in shares of Realty Income during the 4th quarter worth about $25,000. Pearl River Capital LLC acquired a new position in shares of Realty Income during the 4th quarter worth about $26,000. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Realty Income by 43.7% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 493 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 150 shares during the last quarter. Essex Savings Bank acquired a new position in shares of Realty Income during the 4th quarter worth about $34,000. Finally, Sandy Spring Bank lifted its position in shares of Realty Income by 319.7% during the 4th quarter. Sandy Spring Bank now owns 554 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 422 shares during the last quarter. 71.31% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY WARNING: “Realty Income (O) Sets New 12-Month High at $70.36” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2019/02/11/realty-income-o-sets-new-12-month-high-at-70-36.html.
Realty Income Company Profile (NYSE:O)
Realty Income, The Monthly Dividend Company is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,600 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
Featured Story: Straddles
Receive News & Ratings for Realty Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income and related companies with MarketBeat.com's FREE daily email newsletter.