Shares of Realty Income Corp. (NYSE:O) have earned an average recommendation of “Hold” from the seventeen brokerages that are currently covering the firm. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $62.92.

A number of research analysts have weighed in on the stock. Vetr lowered shares of Realty Income Corp. from a “buy” rating to a “hold” rating and set a $64.82 price target on the stock. in a research note on Tuesday, October 4th. Zacks Investment Research raised shares of Realty Income Corp. from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Tuesday. Wunderlich lifted their price target on shares of Realty Income Corp. from $53.00 to $60.00 and gave the company a “sell” rating in a research note on Monday, August 1st. Oppenheimer Holdings Inc. lifted their price target on shares of Realty Income Corp. from $66.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, July 28th. Finally, BTIG Research assumed coverage on shares of Realty Income Corp. in a research note on Thursday, August 25th. They issued a “neutral” rating on the stock.

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

Several institutional investors have recently added to or reduced their stakes in the stock. Ngam Advisors L.P. increased its position in Realty Income Corp. by 4.6% in the first quarter. Ngam Advisors L.P. now owns 20,054 shares of the company’s stock valued at $1,254,000 after buying an additional 891 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in Realty Income Corp. by 41.1% in the first quarter. TIAA CREF Investment Management LLC now owns 466,981 shares of the company’s stock valued at $29,191,000 after buying an additional 136,096 shares during the period. Franklin Resources Inc. increased its position in Realty Income Corp. by 14.7% in the first quarter. Franklin Resources Inc. now owns 544,230 shares of the company’s stock valued at $34,020,000 after buying an additional 69,600 shares during the period. Aviva PLC increased its position in Realty Income Corp. by 6.7% in the first quarter. Aviva PLC now owns 127,307 shares of the company’s stock valued at $7,958,000 after buying an additional 8,046 shares during the period. Finally, Kempen Capital Management N.V. increased its position in Realty Income Corp. by 19.5% in the first quarter. Kempen Capital Management N.V. now owns 52,005 shares of the company’s stock valued at $3,251,000 after buying an additional 8,504 shares during the period. Hedge funds and other institutional investors own 70.96% of the company’s stock.

Shares of Realty Income Corp. (NYSE:O) traded down 0.38% on Wednesday, hitting $62.42. 371,111 shares of the stock traded hands. Realty Income Corp. has a 52 week low of $45.98 and a 52 week high of $72.30. The firm’s 50 day moving average is $64.98 and its 200 day moving average is $65.15. The firm has a market capitalization of $16.14 billion, a PE ratio of 57.27 and a beta of 0.33.

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. The firm had revenue of $260.06 million for the quarter, compared to analyst estimates of $274.34 million. Realty Income Corp. had a net margin of 27.95% and a return on equity of 5.08%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. On average, analysts expect that Realty Income Corp. will post $2.85 EPS for the current fiscal year.

The business also recently disclosed a nov 16 dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st will be issued a $0.202 dividend. The ex-dividend date is Friday, October 28th. This represents a dividend yield of 3.93%. Realty Income Corp.’s dividend payout ratio is currently 222.02%.

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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