Realty Income (NYSE:O) received a $56.00 price target from research analysts at B. Riley in a research note issued to investors on Tuesday. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. B. Riley’s price target suggests a potential downside of 0.83% from the company’s previous close. B. Riley also issued estimates for Realty Income’s Q4 2017 earnings at $0.61 EPS, FY2017 earnings at $2.83 EPS, Q4 2018 earnings at $0.80 EPS, FY2018 earnings at $3.16 EPS and FY2019 earnings at $3.18 EPS.

A number of other brokerages also recently weighed in on O. Raymond James Financial raised shares of Realty Income from an “underperform” rating to a “market perform” rating in a report on Wednesday, December 20th. Citigroup raised shares of Realty Income to a “market perform” rating in a report on Wednesday, December 20th. They noted that the move was a valuation call. Vetr upgraded shares of Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price objective for the company in a research report on Monday, November 20th. Stifel Nicolaus reiterated a “buy” rating and set a $65.00 price objective on shares of Realty Income in a research report on Wednesday, November 1st. Finally, Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Realty Income in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $64.09.

Realty Income (NYSE O) traded down $0.15 during trading on Tuesday, hitting $56.47. 1,544,000 shares of the stock traded hands, compared to its average volume of 1,582,450. The firm has a market cap of $15,570.00, a price-to-earnings ratio of 46.29, a PEG ratio of 4.30 and a beta of 0.29. Realty Income has a one year low of $52.85 and a one year high of $63.60. 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 (NYSE:O) last announced its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. The business had revenue of $306.90 million during the quarter, compared to the consensus estimate of $292.73 million. Realty Income had a net margin of 29.37% and a return on equity of 5.11%. Realty Income’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 EPS. sell-side analysts anticipate that Realty Income will post 2.93 earnings per share for the current fiscal year.

In other news, SVP Joel Tomlinson sold 1,746 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $56.45, for a total value of $98,561.70. Following the completion of the sale, the senior vice president now owns 14,913 shares in the company, valued at $841,838.85. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $306,764.25. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Realty Income by 1.8% in the second quarter. Vanguard Group Inc. now owns 46,814,575 shares of the real estate investment trust’s stock worth $2,583,229,000 after purchasing an additional 834,811 shares in the last quarter. BlackRock Inc. boosted its position in shares of Realty Income by 3.9% in the second quarter. BlackRock Inc. now owns 27,144,544 shares of the real estate investment trust’s stock valued at $1,497,836,000 after acquiring an additional 1,024,539 shares during the period. Northern Trust Corp boosted its position in shares of Realty Income by 3.6% in the second quarter. Northern Trust Corp now owns 4,718,094 shares of the real estate investment trust’s stock valued at $260,344,000 after acquiring an additional 164,326 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Realty Income by 10.9% in the third quarter. JPMorgan Chase & Co. now owns 4,436,861 shares of the real estate investment trust’s stock valued at $256,540,000 after acquiring an additional 437,803 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Realty Income by 8.0% in the third quarter. Bank of New York Mellon Corp now owns 4,345,915 shares of the real estate investment trust’s stock valued at $248,543,000 after acquiring an additional 322,239 shares during the period. Institutional investors own 69.92% of the company’s stock.

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Realty Income 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 (NYSE:O)

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