Vetr cut shares of Realty Income Corp. (NYSE:O) from a buy rating to a hold rating in a report published on Tuesday. The brokerage currently has $64.82 price objective on the stock.

O has been the topic of several other reports. BTIG Research initiated coverage on shares of Realty Income Corp. in a research note on Thursday, August 25th. They set a neutral rating on the stock. Zacks Investment Research downgraded shares of Realty Income Corp. from a buy rating to a hold rating in a research report on Tuesday, August 2nd. RBC Capital Markets reissued a sector perform rating and set a $66.00 price objective (up from $58.00) on shares of Realty Income Corp. in a research report on Monday, August 1st. Royal Bank Of Canada raised their price objective on shares of Realty Income Corp. from $58.00 to $66.00 and gave the stock a sector perform rating in a research report on Monday, August 1st. Finally, Wunderlich raised their price objective on shares of Realty Income Corp. from $53.00 to $60.00 and gave the stock a sell rating in a research report on Monday, August 1st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $63.60.

Realty Income Corp. (NYSE:O) opened at 63.69 on Tuesday. The firm’s 50-day moving average price is $66.40 and its 200-day moving average price is $65.17. The company has a market cap of $16.47 billion, a price-to-earnings ratio of 58.43 and a beta of 0.33. Realty Income Corp. has a 52-week low of $45.98 and a 52-week high of $72.30.

Realty Income Corp. (NYSE:O) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.72 by $0.02. Realty Income Corp. had a net margin of 27.95% and a return on equity of 5.08%. The firm earned $260.06 million during the quarter, compared to analyst estimates of $274.34 million. During the same quarter in the previous year, the business posted $0.69 earnings per share. Realty Income Corp.’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities analysts anticipate that Realty Income Corp. will post $2.85 EPS for the current year.

The business also recently disclosed a oct 16 dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be paid a $0.202 dividend. This is a boost from Realty Income Corp.’s previous oct 16 dividend of $0.20. The ex-dividend date is Thursday, September 29th. This represents a dividend yield of 3.77%. Realty Income Corp.’s dividend payout ratio (DPR) is 222.02%.

In other Realty Income Corp. news, Director Ronald Merriman sold 2,500 shares of Realty Income Corp. stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $66.68, for a total transaction of $166,700.00. Following the completion of the transaction, the director now owns 12,075 shares in the company, valued at $805,161. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kathleen Allen sold 4,000 shares of Realty Income Corp. stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $70.49, for a total transaction of $281,960.00. Following the transaction, the director now owns 74,000 shares of the company’s stock, valued at approximately $5,216,260. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Strs Ohio raised its position in Realty Income Corp. by 1.1% in the second quarter. Strs Ohio now owns 437,576 shares of the company’s stock worth $30,350,000 after buying an additional 4,650 shares in the last quarter. Legal & General Group Plc increased its stake in Realty Income Corp. by 8.1% in the first quarter. Legal & General Group Plc now owns 1,562,248 shares of the company’s stock worth $97,653,000 after buying an additional 117,672 shares during the last quarter. Arizona State Retirement System increased its stake in Realty Income Corp. by 4.6% in the first quarter. Arizona State Retirement System now owns 117,100 shares of the company’s stock worth $7,320,000 after buying an additional 5,200 shares during the last quarter. Community Bank of Raymore increased its stake in Realty Income Corp. by 2.5% in the second quarter. Community Bank of Raymore now owns 397,079 shares of the company’s stock worth $27,543,000 after buying an additional 9,710 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Realty Income Corp. by 4.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 8,600,157 shares of the company’s stock worth $537,596,000 after buying an additional 326,947 shares during the last quarter. Institutional investors own 70.99% of the company’s stock.

About Realty Income Corp.

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. Its portfolio includes approximately 4,540 properties, of which over 4,519 are single-tenant properties, and the remaining are multi-tenant properties.

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