Realty Income Corp. (NYSE:O) was upgraded by Vetr from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

O has been the subject of a number of other research reports. 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 report on Monday, August 1st. Oppenheimer Holdings Inc. raised their price objective on shares of Realty Income Corp. from $66.00 to $78.00 and gave the stock an “outperform” rating in a report on Thursday, July 28th. Zacks Investment Research downgraded shares of Realty Income Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. BTIG Research initiated coverage on shares of Realty Income Corp. in a research note on Thursday, August 25th. They issued a “neutral” rating for the company. Finally, Royal Bank Of Canada lifted their target price on shares of Realty Income Corp. from $58.00 to $66.00 and gave the stock a “sector perform” rating in a research note on Monday, August 1st. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $63.32.

Analyst Recommendations for Realty Income Corp. (NYSE:O)

Shares of Realty Income Corp. (NYSE:O) opened at 61.46 on Friday. The company has a market cap of $15.89 billion, a P/E ratio of 56.39 and a beta of 0.33. The stock’s 50 day moving average is $65.90 and its 200-day moving average is $65.12. Realty Income Corp. has a one year low of $45.98 and a one year high of $72.30.

Realty Income Corp. (NYSE:O) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by $0.02. Realty Income Corp. had a return on equity of 5.08% and a net margin of 27.95%. The company had revenue of $260.06 million for the quarter, compared to analysts’ expectations of $274.34 million. During the same quarter last year, the business posted $0.69 EPS. The business’s quarterly revenue was up 7.7% on a year-over-year basis. Equities research analysts forecast that Realty Income Corp. will post $2.85 earnings per share for the current year.

The business also recently announced a oct 16 dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be given a dividend of $0.202 per share. The ex-dividend date of this dividend is Thursday, September 29th. This is a positive change from Realty Income Corp.’s previous oct 16 dividend of $0.20. This represents a yield of 3.77%. Realty Income Corp.’s payout ratio is presently 222.02%.

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

Several large investors have recently made changes to their positions in O. Vanguard Group Inc. raised its stake in shares of Realty Income Corp. by 4.0% in the second quarter. Vanguard Group Inc. now owns 42,640,936 shares of the company’s stock worth $2,957,575,000 after buying an additional 1,639,015 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of Realty Income Corp. by 12.5% in the second quarter. BlackRock Fund Advisors now owns 9,283,036 shares of the company’s stock worth $643,871,000 after buying an additional 1,032,768 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Realty Income Corp. by 1.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 8,765,143 shares of the company’s stock worth $607,950,000 after buying an additional 164,986 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Realty Income Corp. by 22.8% in the second quarter. JPMorgan Chase & Co. now owns 4,255,171 shares of the company’s stock worth $295,138,000 after buying an additional 790,144 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Realty Income Corp. by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 4,057,191 shares of the company’s stock worth $281,407,000 after buying an additional 117,734 shares during the last quarter. Hedge funds and other 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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