Realty Income Corp. (O) Now Covered by Analysts at Mizuho
Mizuho assumed coverage on shares of Realty Income Corp. (NYSE:O) in a research note issued to investors on Thursday morning. The brokerage issued a neutral rating and a $65.00 target price on the stock.
A number of other equities research analysts also recently issued reports on O. Vetr upgraded Realty Income Corp. from a strong sell rating to a strong-buy rating and set a $84.79 price objective on the stock in a research report on Tuesday, August 2nd. Royal Bank Of Canada increased their price objective on 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. BTIG Research assumed coverage on Realty Income Corp. in a research report on Thursday, August 25th. They issued a neutral rating on the stock. Zacks Investment Research downgraded Realty Income Corp. from a buy rating to a hold rating in a research report on Tuesday, August 2nd. Finally, Stifel Nicolaus increased their price objective on Realty Income Corp. from $66.00 to $73.00 and gave the stock a buy rating in a research report on Thursday, July 28th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $63.44.
Shares of Realty Income Corp. (NYSE:O) traded down 0.392% on Thursday, reaching $62.464. The company’s stock had a trading volume of 244,504 shares. The stock has a 50 day moving average of $65.31 and a 200-day moving average of $65.11. The firm has a market cap of $16.15 billion, a price-to-earnings ratio of 57.306 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 issued its quarterly earnings data on Thursday, July 28th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 business earned $260.06 million during the quarter, compared to analysts’ expectations of $274.34 million. During the same quarter last year, the business posted $0.69 EPS. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts anticipate that Realty Income Corp. will post $2.85 EPS for the current year.
The business also recently disclosed a nov 16 dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st will be paid a dividend of $0.202 per share. The ex-dividend date of this dividend is Friday, October 28th. This represents a dividend yield of 3.93%. Realty Income Corp.’s dividend payout ratio (DPR) is currently 222.02%.
In related news, 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 of the company’s stock, valued at $5,216,260. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $166,700.00. Following the completion of the sale, the director now directly owns 12,075 shares in the company, valued at $805,161. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Invictus RG acquired a new stake in Realty Income Corp. during the second quarter valued at about $105,000. CENTRAL TRUST Co boosted its stake in Realty Income Corp. by 13.3% in the second quarter. CENTRAL TRUST Co now owns 2,197 shares of the company’s stock valued at $152,000 after buying an additional 258 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new stake in Realty Income Corp. during the second quarter valued at about $180,000. Rehmann Capital Advisory Group acquired a new stake in Realty Income Corp. during the second quarter valued at about $202,000. Finally, WealthTrust Fairport LLC acquired a new stake in Realty Income Corp. during the second quarter valued at about $202,000. 70.99% of the stock is currently owned by institutional investors.
Realty Income Corp. Company Profile
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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