Realty Income Corp. (NYSE:O) was downgraded by stock analysts at Vetr from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday. They currently have a $61.16 price objective on the stock. Vetr‘s price objective suggests a potential downside of 0.49% from the company’s previous close.

Several other analysts have also recently issued reports on O. Wunderlich upped their target price on Realty Income Corp. from $53.00 to $60.00 and gave the company a “sell” rating in a report on Monday, August 1st. Oppenheimer Holdings Inc. upped their target price on Realty Income Corp. from $66.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, July 28th. Zacks Investment Research cut Realty Income Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. BTIG Research started coverage on Realty Income Corp. in a report on Thursday, August 25th. They issued a “neutral” rating for the company. Finally, Royal Bank Of Canada upped their target price on Realty Income Corp. from $58.00 to $66.00 and gave the company a “sector perform” rating in a report on Monday, August 1st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. Realty Income Corp. presently has an average rating of “Hold” and an average target price of $63.32.

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

Shares of Realty Income Corp. (NYSE:O) opened at 61.46 on Monday. The company has a 50 day moving average price of $65.90 and a 200 day moving average price of $65.12. The company has a market capitalization of $15.89 billion, a P/E ratio of 56.39 and a beta of 0.33. Realty Income Corp. has a 12-month low of $45.98 and a 12-month high of $72.30.

Realty Income Corp. (NYSE:O) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters’ 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 period in the prior year, the company posted $0.69 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities analysts anticipate that Realty Income Corp. will post $2.85 EPS for the current year.

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

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

Several large investors have recently modified their holdings of the company. 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 valued at $2,957,575,000 after buying an additional 1,639,015 shares during the period. Janus Capital Management LLC raised its stake in shares of Realty Income Corp. by 304.8% in the second quarter. Janus Capital Management LLC now owns 2,174,113 shares of the company’s stock valued at $150,797,000 after buying an additional 1,637,045 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Realty Income Corp. by 69.1% in the first quarter. JPMorgan Chase & Co. now owns 3,465,027 shares of the company’s stock valued at $216,600,000 after buying an additional 1,415,762 shares during the period. Nuveen Asset Management LLC raised its stake in shares of Realty Income Corp. by 580.4% in the second quarter. Nuveen Asset Management LLC now owns 1,349,426 shares of the company’s stock valued at $93,596,000 after buying an additional 1,151,096 shares during the period. Finally, 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 valued at $643,871,000 after buying an additional 1,032,768 shares during the period. 70.99% of the stock is currently owned by institutional investors and hedge funds.

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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