Realty Income Corp Given “Neutral” Rating at JPMorgan Chase & Co. (O)
Realty Income Corp (NYSE:O)‘s stock had its “neutral” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday. They currently have a $45.00 price objective on the stock, up from their previous price objective of $43.00. JPMorgan Chase & Co.’s price target suggests a potential upside of 1.01% from the company’s current price.
Shares of Realty Income Corp (NYSE:O) traded up 0.11% on Friday, hitting $44.60. 247,852 shares of the company’s stock traded hands. Realty Income Corp has a one year low of $36.58 and a one year high of $45.84. The stock has a 50-day moving average of $44.45 and a 200-day moving average of $43.01. The company has a market cap of $9.929 billion and a P/E ratio of 47.65.
Realty Income Corp (NYSE:O) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.64 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.64. The company had revenue of $228.60 million for the quarter, compared to the consensus estimate of $224.18 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was up 24.0% on a year-over-year basis. Analysts expect that Realty Income Corp will post $2.61 EPS for the current fiscal year.
The company also recently declared a monthly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Friday, August 1st will be given a dividend of $0.1828 per share. This represents a $2.19 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date of this dividend is Wednesday, July 30th.
In other Realty Income Corp news, VP Robert Israel sold 3,176 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $44.45, for a total transaction of $141,173.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Separately, analysts at Citigroup Inc. reiterated a “sell” rating on shares of Realty Income Corp in a research note on Tuesday, July 29th. They now have a $33.00 price target on the stock, up previously from $27.00. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Realty Income Corp has a consensus rating of “Hold” and a consensus price target of $41.80.
Realty Income Corporation (NYSE:O) is an equity real estate investment trust (REIT).
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