Realty Income Corp. (O) Receives $61.75 Consensus PT from Brokerages
Realty Income Corp. (NYSE:O) has been given a consensus recommendation of “Hold” by the sixteen research firms that are covering the company. Three investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $61.73.
Several equities analysts recently weighed in on O shares. 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 report on Tuesday, October 18th. Vetr cut shares of Realty Income Corp. from a “strong-buy” rating to a “buy” rating and set a $74.01 price target on the stock. in a research report on Wednesday, September 21st. Finally, Stifel Nicolaus dropped their price target on shares of Realty Income Corp. from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, November 14th.
Shares of Realty Income Corp. (NYSE:O) opened at 56.57 on Wednesday. The firm has a market cap of $14.63 billion, a P/E ratio of 51.24 and a beta of 0.41. Realty Income Corp. has a 12 month low of $48.37 and a 12 month high of $72.30. The company’s 50-day moving average price is $58.79 and its 200-day moving average price is $64.36.
Realty Income Corp. (NYSE:O) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.73 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.73. Realty Income Corp. had a net margin of 28.37% and a return on equity of 5.04%. The business had revenue of $277.20 million for the quarter, compared to analysts’ expectations of $279.57 million. During the same quarter last year, the firm earned $0.70 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, analysts predict that Realty Income Corp. will post $2.86 EPS for the current year.
The business also recently declared a dec 16 dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a $0.202 dividend. The ex-dividend date is Tuesday, November 29th. This represents a dividend yield of 4.36%. Realty Income Corp.’s dividend payout ratio (DPR) is presently 220.00%.
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Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Realty Income Corp. by 4.0% in the second quarter. Vanguard Group Inc. now owns 42,640,936 shares of the company’s stock worth $2,957,575,000 after buying an additional 1,639,015 shares during the period. Janus Capital Management LLC raised its position in Realty Income Corp. by 304.8% in the second quarter. Janus Capital Management LLC now owns 2,174,113 shares of the company’s stock worth $150,797,000 after buying an additional 1,637,045 shares in the last quarter. PGGM Investments raised its position in Realty Income Corp. by 71.7% in the third quarter. PGGM Investments now owns 2,993,289 shares of the company’s stock worth $200,341,000 after buying an additional 1,250,120 shares in the last quarter. Nuveen Asset Management LLC raised its position in Realty Income Corp. by 580.4% in the second quarter. Nuveen Asset Management LLC now owns 1,349,426 shares of the company’s stock worth $93,596,000 after buying an additional 1,151,096 shares in the last quarter. Finally, BlackRock Fund Advisors raised its position in Realty Income Corp. by 12.5% in the second quarter. BlackRock Fund Advisors now owns 9,283,036 shares of the company’s stock worth $643,871,000 after buying an additional 1,032,768 shares in the last quarter. 70.22% of the stock is currently owned by institutional investors.
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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