Realty Income Corp. Coverage Initiated by Analysts at Janney Montgomery Scott (O)
Stock analysts at Janney Montgomery Scott assumed coverage on shares of Realty Income Corp. (NYSE:O) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Realty Income Corp. (NYSE:O) opened at 39.96 on Tuesday. Realty Income Corp. has a 1-year low of $37.33 and a 1-year high of $55.48. The stock’s 50-day moving average is $41.75 and its 200-day moving average is $45.3. The company has a market cap of $7.839 billion and a P/E ratio of 39.37.
Realty Income Corp. (NYSE:O) last announced its earnings results on Thursday, July 25th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the 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 $2.40 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Robert W. Baird upgraded shares of Realty Income Corp. (NYSE:O) from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, August 23rd. They now have a $47.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Ladenburg Thalmann cut their price target on shares of Realty Income Corp. (NYSE:O) 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. Finally, analysts at Goldman Sachs Group Inc. reiterated a “sell” rating on shares of Realty Income Corp. (NYSE:O) in a research note to investors on Tuesday, July 2nd. They now have a $44.00 price target on the stock.
One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $46.50.
The company also recently announced a monthly dividend, which is scheduled for Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.18 per share. This represents a $2.18 annualized dividend and a dividend yield of 5.45%. The ex-dividend date is Thursday, August 29th.
Realty Income Corporation (NYSE:O) is an equity real estate investment trust (REIT).
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