Realty Income Corp Given Consensus Recommendation of “Hold” by Analysts (NYSE:O)
Realty Income Corp (NYSE:O) has been given a consensus recommendation of “Hold” by the twelve analysts that are presently covering the stock, Analyst Ratings Network reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $44.50.
Shares of Realty Income Corp (NYSE:O) opened at 42.74 on Friday. Realty Income Corp has a 52-week low of $36.58 and a 52-week high of $55.48. The stock has a 50-day moving average of $41.58 and a 200-day moving average of $40.45. The company has a market cap of $8.873 billion and a price-to-earnings ratio of 40.32. Realty Income Corp also was the recipient of a large growth in short interest during the month of January. As of March 31st, there was short interest totalling 29,274,641 shares, a growth of 10.6% from the March 14th total of 26,478,339 shares. Based on an average daily volume of 3,819,375 shares, the days-to-cover ratio is currently 7.7 days. Approximately 13.4% of the company’s shares are sold short.
Realty Income Corp (NYSE:O) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 65.8% on a year-over-year basis. On average, analysts predict that Realty Income Corp will post $2.57 earnings per share for the current fiscal year.
The company also recently declared a may 14 dividend, which is scheduled for Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.1825 per share. This represents a yield of 5.12%. The ex-dividend date of this dividend is Tuesday, April 29th.
O has been the subject of a number of recent research reports. Analysts at Morgan Stanley initiated coverage on shares of Realty Income Corp in a research note on Tuesday, April 8th. They set an “underweight” rating and a $38.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Realty Income Corp from $40.00 to $46.00 in a research note on Tuesday, March 11th. They now have an “outperform” rating on the stock. Finally, analysts at Bank of America downgraded shares of Realty Income Corp from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. They noted that the move was a valuation call.
Realty Income Corporation (NYSE:O) is an equity real estate investment trust (REIT).
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