Realty Income Corp. (NYSE:O) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Wednesday. They currently have a $74.01 price objective on the stock. Vetr‘s price target would suggest a potential upside of 10.86% from the company’s current price.

A number of other equities research analysts also recently issued reports on O. Zacks Investment Research downgraded shares of Realty Income Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $66.00 price objective (up from $58.00) on shares of Realty Income Corp. in a research report on Monday, August 1st. Royal Bank Of Canada upped their price objective on shares of Realty Income Corp. from $58.00 to $66.00 and gave the stock a “sector perform” rating in a research report on Monday, August 1st. Wunderlich upped their price objective on shares of Realty Income Corp. from $53.00 to $60.00 and gave the stock a “sell” rating in a research report on Monday, August 1st. Finally, Citigroup Inc. upped their price objective on shares of Realty Income Corp. from $50.00 to $60.00 and gave the stock a “sell” rating in a research report on Thursday, July 7th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $64.31.

Realty Income Corp. (NYSE:O) traded up 1.78% during midday trading on Wednesday, hitting $66.76. 1,458,175 shares of the stock were exchanged. The firm has a market capitalization of $17.26 billion, a P/E ratio of 61.25 and a beta of 0.39. The firm’s 50-day moving average price is $66.79 and its 200 day moving average price is $64.64. Realty Income Corp. has a 1-year low of $45.65 and a 1-year high of $72.30.

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Realty Income Corp. (NYSE:O) last posted its earnings results on Thursday, July 28th. The company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.72 by $0.02. Realty Income Corp. had a return on equity of 5.08% and a net margin of 27.95%. The business earned $260.06 million during the quarter, compared to analyst estimates of $274.34 million. During the same quarter in the prior year, the company earned $0.69 EPS. The company’s revenue was up 7.7% on a year-over-year basis. Analysts expect that Realty Income Corp. will post $2.85 earnings per share for the current fiscal year.

The company also recently announced a oct 16 dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be paid a $0.202 dividend. The ex-dividend date is Thursday, September 29th. This is a boost from Realty Income Corp.’s previous oct 16 dividend of $0.20. This represents a yield of 3.77%. Realty Income Corp.’s dividend payout ratio is currently 222.02%.

In other Realty Income Corp. news, Director Ronald Merriman sold 2,500 shares of the stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $66.68, for a total value of $166,700.00. Following the sale, the director now directly owns 12,075 shares in the company, valued at approximately $805,161. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Benjamin N. Fox sold 2,174 shares of the stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $65.79, for a total transaction of $143,027.46. Following the completion of the sale, the senior vice president now owns 12,130 shares in the company, valued at $798,032.70. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Realty Income Corp. by 4.0% in the second quarter. Vanguard Group Inc. now owns 42,640,936 shares of the company’s stock valued at $2,957,575,000 after buying an additional 1,639,015 shares during the period. Janus Capital Management LLC boosted its stake in Realty Income Corp. by 304.8% in the second quarter. Janus Capital Management LLC now owns 2,174,113 shares of the company’s stock valued at $150,797,000 after buying an additional 1,637,045 shares during the period. JPMorgan Chase & Co. boosted its stake in Realty Income Corp. by 69.1% in the first quarter. JPMorgan Chase & Co. now owns 3,465,027 shares of the company’s stock valued at $216,600,000 after buying an additional 1,415,762 shares during the period. Nuveen Asset Management LLC boosted its stake in Realty Income Corp. by 580.4% in the second quarter. Nuveen Asset Management LLC now owns 1,349,426 shares of the company’s stock valued at $93,596,000 after buying an additional 1,151,096 shares during the period. Finally, Norges Bank bought a new stake in Realty Income Corp. during the fourth quarter valued at $58,757,000. Institutional investors and hedge funds own 70.97% of the company’s stock.

Realty Income Corp. Company Profile

Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. Its portfolio includes approximately 4,540 properties, of which over 4,519 are single-tenant properties, and the remaining are multi-tenant properties.

5 Day Chart for NYSE:O

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