Realty Income Corp. (NYSE:O) had its target price cut by Stifel Nicolaus from $70.00 to $65.00 in a research report issued on Monday. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 16.76% from the company’s previous close.

Several other analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Realty Income Corp. from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Wednesday, November 2nd. Wunderlich lowered their target price on shares of Realty Income Corp. from $60.00 to $54.00 and set a “sell” rating on the stock in a research note on Monday, October 31st. Mizuho initiated coverage on shares of Realty Income Corp. in a research note on Thursday, October 13th. They issued a “neutral” rating and a $65.00 price objective on the stock. Vetr raised shares of Realty Income Corp. from a “hold” rating to a “buy” rating in a research note on Saturday, October 8th. Finally, BTIG Research began coverage on shares of Realty Income Corp. in a research note on Thursday, August 25th. They issued a “neutral” rating on the stock. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. Realty Income Corp. currently has a consensus rating of “Hold” and an average target price of $61.94.

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

Realty Income Corp. (NYSE:O) opened at 55.67 on Monday. Realty Income Corp. has a 12 month low of $47.25 and a 12 month high of $72.30. The firm’s 50-day moving average is $61.57 and its 200 day moving average is $64.68. The firm has a market capitalization of $14.40 billion, a price-to-earnings ratio of 50.43 and a beta of 0.41.

Realty Income Corp. (NYSE:O) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $0.73 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.73. Realty Income Corp. had a net margin of 28.37% and a return on equity of 5.04%. The company had revenue of $277.20 million for the quarter, compared to the consensus estimate of $279.57 million. During the same period last year, the firm posted $0.70 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts predict that Realty Income Corp. will post $2.86 earnings per share for the current year.

The firm also recently announced a dec 16 dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a dividend of $0.202 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a yield of 4.36%. Realty Income Corp.’s payout ratio is 220.00%.

A number of hedge funds have recently bought and sold shares of O. Victory Capital Management Inc. boosted its position in shares of Realty Income Corp. by 0.4% in the second quarter. Victory Capital Management Inc. now owns 3,288 shares of the company’s stock valued at $228,000 after buying an additional 13 shares in the last quarter. FCG Advisors LLC increased its stake in shares of Realty Income Corp. by 0.4% in the third quarter. FCG Advisors LLC now owns 3,578 shares of the company’s stock valued at $239,000 after buying an additional 14 shares in the last quarter. Atlanta Capital Group increased its stake in shares of Realty Income Corp. by 0.4% in the second quarter. Atlanta Capital Group now owns 4,743 shares of the company’s stock valued at $329,000 after buying an additional 18 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Realty Income Corp. by 0.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 8,150 shares of the company’s stock valued at $545,000 after buying an additional 30 shares in the last quarter. Finally, Raymond James Trust N.A. increased its stake in shares of Realty Income Corp. by 0.3% in the second quarter. Raymond James Trust N.A. now owns 15,955 shares of the company’s stock valued at $1,107,000 after buying an additional 46 shares in the last quarter. 70.23% of the stock is 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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