Realty Income Corp. (O) Cut to Hold at Vetr Inc.
Realty Income Corp. (NYSE:O) was downgraded by Vetr from a “buy” rating to a “hold” rating in a report released on Tuesday. They presently have a $64.82 price objective on the stock. Vetr‘s price objective suggests a potential upside of 5.47% from the company’s previous close.
A number of other research analysts have also recently commented on O. Citigroup Inc. boosted their target price 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. Zacks Investment Research raised shares of Realty Income Corp. from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Wednesday, July 27th. Stifel Nicolaus upped their price target on shares of Realty Income Corp. from $66.00 to $73.00 and gave the company a “buy” rating in a report on Thursday, July 28th. Oppenheimer Holdings Inc. upped their price target on shares of Realty Income Corp. from $66.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, July 28th. Finally, Wunderlich upped their price target on shares of Realty Income Corp. from $53.00 to $60.00 and gave the company a “sell” rating in a report on Monday, August 1st. Three analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $63.32.
Realty Income Corp. (NYSE:O) traded down 0.21% during mid-day trading on Tuesday, hitting $61.46. 1,446,180 shares of the stock traded hands. The stock has a 50-day moving average of $65.90 and a 200 day moving average of $65.12. Realty Income Corp. has a 1-year low of $45.98 and a 1-year high of $72.30. The firm has a market cap of $15.89 billion, a price-to-earnings ratio of 56.39 and a beta of 0.33.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/08/realty-income-corp-o-cut-to-hold-at-vetr-inc.html
Realty Income Corp. (NYSE:O) last posted its earnings results on Thursday, July 28th. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $260.06 million for the quarter, compared to analyst estimates of $274.34 million. During the same period in the previous year, the firm posted $0.69 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities analysts expect that Realty Income Corp. will post $2.85 EPS for the current year.
The company also recently declared a oct 16 dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 3rd will be given a dividend of $0.202 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a dividend yield of 3.77%. This is a positive change from Realty Income Corp.’s previous oct 16 dividend of $0.20. Realty Income Corp.’s dividend payout ratio is currently 222.02%.
In related news, Director Kathleen Allen sold 4,000 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $70.49, for a total value of $281,960.00. Following the completion of the transaction, the director now owns 74,000 shares in the company, valued at approximately $5,216,260. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald Merriman sold 2,500 shares of the stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $66.68, for a total transaction of $166,700.00. Following the completion of the transaction, the director now owns 12,075 shares of the company’s stock, valued at approximately $805,161. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Invictus RG bought a new position in shares of Realty Income Corp. during the second quarter worth about $105,000. CENTRAL TRUST Co raised its position in shares of Realty Income Corp. by 13.3% in the second quarter. CENTRAL TRUST Co now owns 2,197 shares of the company’s stock worth $152,000 after buying an additional 258 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of Realty Income Corp. during the second quarter worth about $180,000. Rehmann Capital Advisory Group bought a new position in shares of Realty Income Corp. during the second quarter worth about $202,000. Finally, WealthTrust Fairport LLC bought a new position in shares of Realty Income Corp. during the second quarter worth about $202,000. Hedge funds and other institutional investors own 70.99% of the company’s stock.
About Realty Income Corp.
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.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for Realty Income Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income Corp. and related companies with MarketBeat.com's FREE daily email newsletter.