Realty Income Corp. Rating Increased to Outperform at Robert W. Baird (O)
Realty Income Corp. (NYSE:O) was upgraded by Robert W. Baird from a “neutral” rating to an “outperform” rating in a research note issued on Friday, TheFlyOnTheWall.com reports. The firm currently has a $47.00 price target on the stock. Robert W. Baird’s price target indicates a potential upside of 16.74% from the company’s current price. The analysts noted that the move was a valuation call.
Several other analysts have also recently commented on the stock. Analysts at Ladenburg Thalmann cut their price target on shares of Realty Income Corp. from $54.00 to $51.00 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock. Analysts at Goldman Sachs Group Inc. reiterated a “sell” rating on shares of Realty Income Corp. in a research note to investors on Tuesday, July 2nd. They now have a $44.00 price target on the stock.
One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $45.28.
Shares of Realty Income Corp. (NYSE:O) opened at 40.26 on Friday. Realty Income Corp. has a one year low of $37.33 and a one year high of $55.48. The stock’s 50-day moving average is $43.25 and its 200-day moving average is $45.65. The company has a market cap of $7.898 billion and a P/E ratio of 39.67.
Realty Income Corp. (NYSE:O) last released its earnings data on Thursday, July 25th. The company reported $0.60 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.59 by $0.01. The company had revenue of $184.30 million for the quarter, compared to the consensus estimate of $182.17 million. During the same quarter last year, the company posted $0.49 earnings per share. Realty Income Corp.’s revenue was up 63.0% compared to the same quarter last year. Analysts expect that Realty Income Corp. will post $2.39 EPS for the current fiscal year.
The company also recently declared a sep 13 dividend, which is scheduled for Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $0.18 per share.
Realty Income Corporation (NYSE:O) is an equity real estate investment trust (REIT).
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