Vetr Inc. Lowers Realty Income Corporation (O) to Hold
Realty Income Corporation (NYSE:O) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued to investors on Monday. They currently have a $58.60 price objective on the real estate investment trust’s stock. Vetr‘s price target suggests a potential upside of 4.14% from the stock’s previous close.
O has been the topic of several other reports. Zacks Investment Research lowered shares of Realty Income Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. UBS AG raised shares of Realty Income Corporation from a “sell” rating to a “neutral” rating and boosted their price target for the company from $52.00 to $57.00 in a research note on Friday, September 8th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Realty Income Corporation in a research note on Wednesday, November 1st. Morgan Stanley upped their target price on shares of Realty Income Corporation from $91.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, July 17th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $65.00 price objective on shares of Realty Income Corporation in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $65.43.
Realty Income Corporation (NYSE:O) traded up $0.01 during mid-day trading on Monday, hitting $56.27. 1,300,700 shares of the stock were exchanged, compared to its average volume of 1,656,677. The stock has a market capitalization of $15,856.06, a PE ratio of 18.39, a P/E/G ratio of 4.59 and a beta of 0.28. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.78. Realty Income Corporation has a twelve month low of $52.85 and a twelve month high of $63.60.
Realty Income Corporation (NYSE:O) last posted its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $306.90 million for the quarter, compared to analyst estimates of $292.73 million. Realty Income Corporation had a net margin of 29.37% and a return on equity of 5.11%. Realty Income Corporation’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.72 earnings per share. equities research analysts expect that Realty Income Corporation will post 3 earnings per share for the current year.
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In other news, CFO Paul M. Meurer sold 5,603 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $54.75, for a total value of $306,764.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregory Mclaughlin sold 3,200 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $58.85, for a total transaction of $188,320.00. Following the completion of the transaction, the director now owns 15,986 shares of the company’s stock, valued at approximately $940,776.10. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. San Francisco Sentry Investment Group CA increased its holdings in Realty Income Corporation by 500.0% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,800 shares of the real estate investment trust’s stock valued at $103,000 after acquiring an additional 1,500 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in Realty Income Corporation by 314.4% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,927 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 1,462 shares in the last quarter. Bessemer Group Inc. increased its holdings in Realty Income Corporation by 42.1% during the 2nd quarter. Bessemer Group Inc. now owns 2,200 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 652 shares in the last quarter. Founders Capital Management increased its holdings in Realty Income Corporation by 34.9% during the 2nd quarter. Founders Capital Management now owns 2,435 shares of the real estate investment trust’s stock valued at $134,000 after acquiring an additional 630 shares in the last quarter. Finally, FNY Managed Accounts LLC purchased a new position in Realty Income Corporation during the 3rd quarter valued at about $137,000. Institutional investors and hedge funds own 67.20% of the company’s stock.
About Realty Income Corporation
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.
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