Realty Income Corp. Director Sells $1,221,422 in Stock (O)
Realty Income Corp. (NYSE:O) Director Thomas Lewis sold 30,844 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $39.60, for a total value of $1,221,422.40. Following the transaction, the director now directly owns 223,072 shares in the company. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on O. Analysts at Janney Montgomery Scott initiated coverage on shares of Realty Income Corp. (NYSE:O) in a research note to investors on Tuesday, September 10th. They set a “buy” rating on the stock. Separately, 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. Finally, 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.
One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Realty Income Corp. presently has an average rating of “Hold” and an average price target of $46.50.
Realty Income Corp. (NYSE:O) traded up 2.69% on Wednesday, hitting $40.78. 2,732,392 shares of the company’s stock traded hands. 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 $40.82 and its 200-day moving average is $45.0. The company has a market cap of $8.000 billion and a P/E ratio of 39.12.
Realty Income Corp. (NYSE:O) last announced its earnings results 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 in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 63.0% on a year-over-year basis. On average, analysts predict that Realty Income Corp. will post $2.39 earnings per share for the current fiscal year.
The company also recently declared a monthly dividend, which is scheduled for Tuesday, October 15th. Investors of record on Tuesday, October 1st will be given a dividend of $0.18 per share. This represents a $2.18 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date of this dividend is Friday, September 27th. This is an increase from Realty Income Corp.’s previous monthly dividend of $0.18.
Realty Income Corporation (NYSE:O) is an equity real estate investment trust (REIT).
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