Realty Income Corp. (O) Stock Rating Lowered by Vetr Inc.
Realty Income Corp. (NYSE:O) was downgraded by equities researchers at Vetr from a “buy” rating to a “hold” rating in a report issued on Monday. They presently have a $61.16 price objective on the stock. Vetr‘s target price suggests a potential downside of 0.49% from the stock’s current price.
Several other analysts have also recently issued reports on the company. BTIG Research began coverage on Realty Income Corp. in a research note on Thursday, August 25th. They set a “neutral” rating on the stock. Zacks Investment Research cut Realty Income Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. RBC Capital Markets restated a “sector perform” rating and set a $66.00 price objective (up previously from $58.00) on shares of Realty Income Corp. in a research note on Monday, August 1st. Royal Bank Of Canada upped their price objective on Realty Income Corp. from $58.00 to $66.00 and gave the company a “sector perform” rating in a research note on Monday, August 1st. Finally, Wunderlich upped their price objective on Realty Income Corp. from $53.00 to $60.00 and gave the company a “sell” rating in a research note on Monday, August 1st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $63.32.
Realty Income Corp. (NYSE:O) opened at 61.46 on Monday. The firm has a 50 day moving average price of $65.90 and a 200 day moving average price of $65.12. The stock has a market capitalization of $15.89 billion, a P/E ratio of 56.39 and a beta of 0.33. Realty Income Corp. has a 52 week low of $45.98 and a 52 week high of $72.30.
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Realty Income Corp. (NYSE:O) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters’ 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 last year, the firm posted $0.69 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. Equities research analysts predict that Realty Income Corp. will post $2.85 earnings per share for the current year.
The firm also recently disclosed a oct 16 dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be issued a $0.202 dividend. This represents a yield of 3.77%. This is a positive change from Realty Income Corp.’s previous oct 16 dividend of $0.20. The ex-dividend date of this dividend is Thursday, September 29th. Realty Income Corp.’s dividend payout ratio is 222.02%.
In other Realty Income Corp. news, Director Kathleen Allen sold 4,000 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $70.49, for a total transaction of $281,960.00. Following the completion of the transaction, the director now directly owns 74,000 shares of the company’s stock, valued at approximately $5,216,260. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 value of $166,700.00. Following the transaction, the director now directly owns 12,075 shares of the company’s stock, valued at $805,161. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the stock. Invictus RG purchased 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 during the last quarter. Chicago Partners Investment Group LLC purchased a new position in shares of Realty Income Corp. during the second quarter worth about $180,000. Rehmann Capital Advisory Group purchased a new position in shares of Realty Income Corp. during the second quarter worth about $202,000. Finally, WealthTrust Fairport LLC purchased a new position in shares of Realty Income Corp. during the second quarter worth about $202,000. 70.99% of the stock is owned by hedge funds and other institutional investors.
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.
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