Realty Income Corp. (O) Downgraded to “Hold” at Zacks Investment Research
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. “
O has been the topic of several other research reports. Stifel Nicolaus cut their price target on 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. Wunderlich lowered their target price on 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 began coverage on Realty Income Corp. in a research note on Thursday, October 13th. They issued a neutral rating and a $65.00 target price on the stock. Vetr upgraded 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 Realty Income Corp. in a research note on Thursday, August 25th. They issued a neutral rating on the stock. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $61.70.
Realty Income Corp. (NYSE:O) opened at 56.57 on Friday. The stock’s 50 day moving average price is $58.79 and its 200 day moving average price is $64.36. The firm has a market capitalization of $14.63 billion, a P/E ratio of 51.24 and a beta of 0.41. Realty Income Corp. has a 52 week low of $48.37 and a 52 week high of $72.30.
Realty Income Corp. (NYSE:O) last issued its earnings results on Wednesday, October 26th. The company reported $0.73 earnings per share for the quarter, hitting 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 business had revenue of $277.20 million for the quarter, compared to analyst estimates of $279.57 million. During the same quarter last year, the company earned $0.70 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. On average, equities analysts expect that Realty Income Corp. will post $2.86 EPS for the current year.
The company also recently announced a dec 16 dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be given 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 the company. Creative Planning boosted its position in Realty Income Corp. by 10.3% in the second quarter. Creative Planning now owns 42,057 shares of the company’s stock worth $2,917,000 after buying an additional 3,923 shares during the period. Cue Financial Group Inc. bought a new position in Realty Income Corp. during the second quarter worth $220,000. Gateway Investment Advisers LLC boosted its position in Realty Income Corp. by 2.3% in the second quarter. Gateway Investment Advisers LLC now owns 20,688 shares of the company’s stock worth $1,435,000 after buying an additional 474 shares during the period. Chevy Chase Trust Holdings Inc. boosted its position in 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 worth $15,297,000 after buying an additional 8,785 shares during the period. Finally, CT Mason boosted its position in Realty Income Corp. by 3.9% in the second quarter. CT Mason now owns 67,995 shares of the company’s stock worth $4,716,000 after buying an additional 2,536 shares during the period. Institutional investors own 68.30% 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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