Realty Income Corp. (NYSE:O) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday.

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. “

A number of other equities research analysts have also commented on O. Stifel Nicolaus raised their price target 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. Oppenheimer Holdings Inc. raised their price target on Realty Income Corp. from $66.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, July 28th. Wunderlich raised their price target on Realty Income Corp. from $53.00 to $60.00 and gave the stock a “sell” rating in a research report on Monday, August 1st. Royal Bank Of Canada raised their price target 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. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and set a $66.00 price target (up previously from $58.00) on shares of Realty Income Corp. in a research report on Monday, August 1st. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. Realty Income Corp. has a consensus rating of “Hold” and a consensus price target of $61.70.

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

Realty Income Corp. (NYSE:O) opened at 55.15 on Thursday. Realty Income Corp. has a 12-month low of $47.25 and a 12-month high of $72.30. The stock’s 50 day moving average price is $61.57 and its 200-day moving average price is $64.68. The firm 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 released its earnings results on Wednesday, October 26th. The company reported $0.73 earnings per share for the quarter, meeting the consensus estimate of $0.73. Realty Income Corp. had a return on equity of 5.04% and a net margin of 28.37%. The firm had revenue of $277.20 million for the quarter, compared to analyst estimates of $279.57 million. During the same quarter in the prior year, the firm posted $0.70 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Equities research analysts anticipate that Realty Income Corp. will post $2.86 earnings per share for the current fiscal year.

The business also recently declared a dec 16 dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a $0.202 dividend. 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 220.00%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Cue Financial Group Inc. acquired a new position in shares of Realty Income Corp. during the second quarter valued at approximately $220,000. Gateway Investment Advisers LLC increased its position in shares of Realty Income Corp. by 2.3% in the second quarter. Gateway Investment Advisers LLC now owns 20,688 shares of the company’s stock valued at $1,435,000 after buying an additional 474 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of Realty Income Corp. by 4.1% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 220,551 shares of the company’s stock valued at $15,297,000 after buying an additional 8,785 shares in the last quarter. CT Mason increased its position in shares of Realty Income Corp. by 3.9% in the second quarter. CT Mason now owns 67,995 shares of the company’s stock valued at $4,716,000 after buying an additional 2,536 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX increased its position in shares of Realty Income Corp. by 9.4% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 66,688 shares of the company’s stock valued at $4,625,000 after buying an additional 5,718 shares in the last quarter. Institutional investors own 70.22% 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.

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