UBS AG upgraded shares of Realty Income Corporation (NYSE:O) from a sell rating to a neutral rating in a research report sent to investors on Friday morning, www.flashratings.com reports. They currently have $57.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $52.00.

Several other research firms have also commented on O. Canaccord Genuity started coverage on shares of Realty Income Corporation in a research report on Tuesday, July 18th. They set a buy rating and a $61.00 price target for the company. Stifel Nicolaus restated a buy rating and set a $65.00 price target on shares of Realty Income Corporation in a research report on Friday, July 14th. BidaskClub lowered shares of Realty Income Corporation from a hold rating to a sell rating in a research report on Wednesday, July 5th. Zacks Investment Research lowered shares of Realty Income Corporation from a hold rating to a sell rating in a research report on Wednesday, June 28th. Finally, Morgan Stanley upped their price target on shares of Realty Income Corporation from $91.00 to $95.00 and gave the stock an overweight rating in a research report on Monday, July 17th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $64.24.

Shares of Realty Income Corporation (NYSE O) opened at 59.33 on Friday. The stock has a market cap of $16.26 billion, a P/E ratio of 50.75 and a beta of 0.31. Realty Income Corporation has a one year low of $52.72 and a one year high of $69.14. The stock has a 50 day moving average of $57.52 and a 200 day moving average of $57.61.

Realty Income Corporation (NYSE:O) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.76. The company had revenue of $300.20 million for the quarter, compared to analysts’ expectations of $289.86 million. Realty Income Corporation had a net margin of 29.19% and a return on equity of 5.14%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.70 earnings per share. Equities analysts expect that Realty Income Corporation will post $1.19 EPS for the current fiscal year.

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The business also recently announced a aug 17 dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.2115 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a yield of 4.46%. Realty Income Corporation’s dividend payout ratio is presently 217.09%.

In related news, Director Priya Cherian Huskins sold 8,000 shares of the stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $56.23, for a total value of $449,840.00. Following the completion of the transaction, the director now owns 20,513 shares in the company, valued at approximately $1,153,445.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.30% of the company’s stock.

Several large investors have recently bought and sold shares of O. BlackRock Inc. boosted its position in shares of Realty Income Corporation by 2,423.9% during the 1st quarter. BlackRock Inc. now owns 26,120,005 shares of the real estate investment trust’s stock valued at $1,554,926,000 after purchasing an additional 25,085,115 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Realty Income Corporation by 226.0% during the 1st quarter. JPMorgan Chase & Co. now owns 5,299,990 shares of the real estate investment trust’s stock valued at $315,509,000 after purchasing an additional 3,674,028 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Realty Income Corporation by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 45,979,764 shares of the real estate investment trust’s stock valued at $2,737,174,000 after purchasing an additional 1,876,658 shares in the last quarter. State Street Corp boosted its position in shares of Realty Income Corporation by 9.6% during the 1st quarter. State Street Corp now owns 17,691,072 shares of the real estate investment trust’s stock valued at $1,053,156,000 after purchasing an additional 1,545,797 shares in the last quarter. Finally, APG Asset Management US Inc. boosted its position in shares of Realty Income Corporation by 111.1% during the 2nd quarter. APG Asset Management US Inc. now owns 2,111,300 shares of the real estate investment trust’s stock valued at $116,502,000 after purchasing an additional 1,111,300 shares in the last quarter. Institutional investors own 69.17% of the company’s stock.

Realty Income Corporation 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. As of December 31, 2016, the Company owned a diversified portfolio of 4,944 properties located in 49 states and Puerto Rico, with over 83.0 million square feet of leasable space leased to 248 different commercial tenants doing business in 47 separate industries.

Analyst Recommendations for Realty Income Corporation (NYSE:O)

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