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Analysts at Ladenburg Thalmann reduced their target price on shares of Realty Income Corp. (NYSE:O) from $48.00 to $46.00 in a research report issued to clients and investors on Tuesday, AR Network reports. The firm currently has a “buy” rating on the stock. Ladenburg Thalmann’s price objective points to a potential upside of 10.26% from the stock’s previous close. The analysts noted that the move was a valuation call.

Realty Income Corp. (NYSE:O) traded up 1.70% during mid-day trading on Tuesday, hitting $42.43. The stock had a trading volume of 2,642,021 shares. Realty Income Corp. has a one year low of $36.58 and a one year high of $55.48. The stock’s 50-day moving average is $39.39 and its 200-day moving average is $39.87. The company has a market cap of $8.804 billion and a price-to-earnings ratio of 39.36.

Realty Income Corp. (NYSE:O) last announced its earnings results on Thursday, February 13th. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.61 by $0.01. The company had revenue of $215.70 million for the quarter, compared to the consensus estimate of $202.80 million. During the same quarter last year, the company posted $0.56 earnings per share. Realty Income Corp.’s revenue was up 65.8% compared to the same quarter last year. Analysts expect that Realty Income Corp. will post $2.57 EPS for the current fiscal year.

The company also recently declared a monthly dividend, which is scheduled for Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.1822 per share. This represents a $2.19 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date of this dividend is Thursday, February 27th.

A number of other firms have also recently commented on O. Analysts at TheStreet upgraded shares of Realty Income Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, analysts at Oppenheimer initiated coverage on shares of Realty Income Corp. in a research note on Monday, January 6th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $47.17.

Realty Income Corporation (NYSE:O) is an equity real estate investment trust (REIT).

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