Realty Income Corp. (O) Stock Rating Upgraded by Zacks Investment Research
Realty Income Corp. (NYSE:O) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Saturday. The firm currently has a $62.00 price target on the stock. Zacks Investment Research’s price objective indicates a potential upside of 12.42% from the company’s previous close.
According to Zacks, “REALTY INCOME CORP. is a fully integrated, self-administered and self-managed real estate company with in-house acquisition, leasing, legal, financial underwriting, porfolio management and capital markets expertise. “
Other equities analysts have also issued research reports about the stock. Vetr lowered shares of Realty Income Corp. from a “buy” rating to a “hold” rating and set a $64.82 price objective for the company. in a research report on Tuesday, October 4th. BTIG Research started coverage on shares of Realty Income Corp. in a research report on Thursday, August 25th. They issued a “neutral” rating for the company. Mizuho started coverage on shares of Realty Income Corp. in a research report on Thursday, October 13th. They issued a “neutral” rating and a $65.00 price objective for the company. Wunderlich cut their price objective on shares of Realty Income Corp. from $60.00 to $54.00 and set a “sell” rating for the company in a research report on Monday, October 31st. Finally, Stifel Nicolaus cut their price objective on shares of Realty Income Corp. from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, November 14th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $61.70.
Realty Income Corp. (NYSE:O) opened at 55.15 on Friday. Realty Income Corp. has a 12 month low of $48.37 and a 12 month high of $72.30. The firm has a 50-day moving average of $59.93 and a 200 day moving average of $64.60. The stock has a market cap of $14.26 billion, a PE ratio of 49.95 and a beta of 0.41.
Realty Income Corp. (NYSE:O) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.73 earnings per share (EPS) for the quarter, meeting the 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 quarter in the prior year, the firm earned $0.70 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Analysts anticipate that Realty Income Corp. will post $2.86 EPS for the current year.
The firm also recently disclosed a dec 16 dividend, which will be paid on Thursday, December 15th. Shareholders 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 dividend payout ratio is currently 220.00%.
A number of large investors have recently added to or reduced their stakes in O. Invictus RG acquired a new stake in Realty Income Corp. during the second quarter valued at about $105,000. Synovus Financial Corp increased its stake in Realty Income Corp. by 1,745.3% in the third quarter. Synovus Financial Corp now owns 1,956 shares of the company’s stock valued at $131,000 after buying an additional 1,850 shares in the last quarter. CENTRAL TRUST Co increased 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 in 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. Finally, Rehmann Capital Advisory Group acquired a new stake in Realty Income Corp. during the second quarter valued at about $202,000. Institutional investors own 70.23% of the company’s stock.
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.
Receive News & Stock Ratings for Realty Income Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income Corp. and related stocks with our FREE daily email newsletter.