Share on StockTwits

Realty Income Corp (NYSE:O) was downgraded by equities research analysts at Ladenburg Thalmann from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports.

In other Realty Income Corp news, CEO John Case sold 15,000 shares of the company’s stock on the open market in a transaction dated Friday, May 9th. The stock was sold at an average price of $43.74, for a total value of $656,100.00. Following the completion of the sale, the chief executive officer now directly owns 263,527 shares of the company’s stock, valued at approximately $11,526,671. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of other firms have also recently commented on O. 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. Realty Income Corp presently has an average rating of “Hold” and a consensus target price of $44.20.

Shares of Realty Income Corp (NYSE:O) opened at 43.60 on Thursday. Realty Income Corp has a one year low of $36.58 and a one year high of $55.48. The stock has a 50-day moving average of $42.29 and a 200-day moving average of $40.71. The company has a market cap of $9.655 billion and a P/E ratio of 46.72. Realty Income Corp also saw a significant drop in short interest in April. As of April 15th, there was short interest totalling 26,367,050 shares, a drop of 9.9% from the March 31st total of 29,274,641 shares. Approximately 12.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,417,667 shares, the short-interest ratio is presently 10.9 days.

Realty Income Corp (NYSE:O) last announced its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.02. The company had revenue of $221.60 million for the quarter, compared to the consensus estimate of $211.50 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up 29.1% 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 monthly dividend, which is scheduled for Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.1825 per share. This represents a $2.19 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date of this dividend is Thursday, May 29th.

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

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.