Realty Income Corp. (O) Upgraded by Vetr Inc. to “Buy”
Realty Income Corp. (NYSE:O) was upgraded by research analysts at Vetr from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.
A number of other equities analysts have also weighed in on the stock. Citigroup Inc. upped their price target 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 upgraded shares of Realty Income Corp. from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research 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 stock a “buy” rating in a research 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 stock an “outperform” rating in a research 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 stock a “sell” rating in a research report on Monday, August 1st. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. Realty Income Corp. presently has an average rating of “Hold” and an average target price of $63.32.
Realty Income Corp. (NYSE:O) opened at 61.46 on Friday. The company has a 50-day moving average of $65.90 and a 200-day moving average of $65.12. Realty Income Corp. has a 12 month low of $45.98 and a 12 month high of $72.30. The stock has a market cap of $15.89 billion, a PE 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-upgraded-by-vetr-inc-to-buy.html
Realty Income Corp. (NYSE:O) last announced its earnings results on Thursday, July 28th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by $0.02. The business had revenue of $260.06 million for the quarter, compared to the consensus estimate of $274.34 million. Realty Income Corp. had a net margin of 27.95% and a return on equity of 5.08%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 earnings per share. On average, equities analysts forecast that Realty Income Corp. will post $2.85 EPS for the current fiscal year.
The firm also recently declared a oct 16 dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be paid a dividend of $0.202 per share. This is an increase from Realty Income Corp.’s previous oct 16 dividend of $0.20. The ex-dividend date of this dividend is Thursday, September 29th. This represents a yield of 3.77%. Realty Income Corp.’s dividend payout ratio is presently 222.02%.
In other news, Director Kathleen Allen sold 4,000 shares of the stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $70.49, for a total value of $281,960.00. Following the sale, the director now owns 74,000 shares of the company’s stock, valued at $5,216,260. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ronald Merriman sold 2,500 shares of the stock in a transaction on 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 sale, the director now directly owns 12,075 shares in the company, valued at approximately $805,161. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.
Several large investors have recently made changes to their positions in O. Invictus RG purchased a new stake in shares of Realty Income Corp. during the second quarter valued at $105,000. CENTRAL TRUST Co increased its stake 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 valued at $152,000 after buying an additional 258 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of Realty Income Corp. during the second quarter valued at $180,000. Rehmann Capital Advisory Group purchased a new stake in shares of Realty Income Corp. during the second quarter valued at $202,000. Finally, WealthTrust Fairport LLC purchased a new stake in shares of Realty Income Corp. during the second quarter valued at $202,000. 70.99% of the stock is currently owned by institutional investors and hedge funds.
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.
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.