Realty Income Corp (NYSE:O) has been given a consensus rating of “Hold” by the thirteen ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $63.37.
A number of brokerages have commented on O. B. Riley reiterated a “neutral” rating on shares of Realty Income in a research report on Wednesday, November 1st. Stifel Nicolaus reduced their price objective on Realty Income from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 22nd. Citigroup upgraded Realty Income to a “market perform” rating in a research report on Wednesday, December 20th. They noted that the move was a valuation call. Vetr downgraded Realty Income from a “buy” rating to a “hold” rating and set a $58.60 target price for the company. in a research report on Monday, November 13th. Finally, Raymond James Financial upgraded Realty Income from an “underperform” rating to a “market perform” rating in a research report on Wednesday, December 20th.
Several institutional investors have recently bought and sold shares of O. We Are One Seven LLC bought a new position in Realty Income in the 4th quarter valued at $102,000. San Francisco Sentry Investment Group CA raised its position in Realty Income by 500.0% in 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 purchasing an additional 1,500 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new position in Realty Income in the 3rd quarter valued at $130,000. JFS Wealth Advisors LLC raised its position in Realty Income by 77.5% in the 4th quarter. JFS Wealth Advisors LLC now owns 2,284 shares of the real estate investment trust’s stock valued at $130,000 after purchasing an additional 997 shares during the last quarter. Finally, FNY Managed Accounts LLC bought a new position in Realty Income in the 3rd quarter valued at $137,000. Institutional investors and hedge funds own 70.77% of the company’s stock.
Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.44. Realty Income had a return on equity of 5.11% and a net margin of 26.22%. The company had revenue of $298.90 million during the quarter, compared to the consensus estimate of $301.53 million. During the same quarter last year, the company earned $0.33 EPS. The company’s quarterly revenue was up 8.6% on a year-over-year basis. equities analysts expect that Realty Income will post 3.16 EPS for the current year.
The business also recently announced a mar 18 dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a dividend of $0.219 per share. The ex-dividend date is Wednesday, February 28th. This represents a dividend yield of 5.32%. Realty Income’s dividend payout ratio (DPR) is presently 239.09%.
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.
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