Realty Income (O) Sets New 12-Month High at $70.36

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.

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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.

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