Realty Income Corp. (O) Coverage Initiated at Mizuho
Mizuho started coverage on shares of Realty Income Corp. (NYSE:O) in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage set a “neutral” rating on the stock.
O has been the topic of several other research reports. Vetr downgraded Realty Income Corp. from a “buy” rating to a “hold” rating and set a $64.82 price objective on the stock. in a report on Tuesday, October 4th. Wunderlich raised their price objective on Realty Income Corp. from $53.00 to $60.00 and gave the company a “sell” rating in a report on Monday, August 1st. Oppenheimer Holdings Inc. raised their price objective on Realty Income Corp. from $66.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, July 28th. Zacks Investment Research downgraded Realty Income Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. Finally, BTIG Research initiated coverage on Realty Income Corp. in a report on Thursday, August 25th. They set a “neutral” rating on the stock. Three analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $63.32.
Shares of Realty Income Corp. (NYSE:O) traded up 1.69% during midday trading on Thursday, hitting $62.71. The company’s stock had a trading volume of 1,867,957 shares. Realty Income Corp. has a 1-year low of $45.98 and a 1-year high of $72.30. The company has a 50-day moving average price of $65.31 and a 200 day moving average price of $65.11. The company has a market cap of $16.21 billion, a P/E ratio of 57.53 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 http://www.americanbankingnews.com/2016/10/13/realty-income-corp-o-coverage-initiated-at-mizuho.html
Realty Income Corp. (NYSE:O) last issued 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. The business earned $260.06 million during the quarter, compared to analyst estimates of $274.34 million. Realty Income Corp. had a net margin of 27.95% and a return on equity of 5.08%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.69 EPS. On average, equities research analysts predict that Realty Income Corp. will post $2.85 EPS for the current year.
The company also recently announced a nov 16 dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st will be given a $0.202 dividend. This represents a yield of 3.93%. The ex-dividend date is Friday, October 28th. Realty Income Corp.’s payout ratio is 222.02%.
In other Realty Income Corp. news, Director Ronald Merriman sold 2,500 shares of Realty Income Corp. stock in a transaction dated Wednesday, August 17th. The stock was 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 in the company, valued at approximately $805,161. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathleen Allen sold 4,000 shares of Realty Income Corp. 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 transaction, the director now owns 74,000 shares of the company’s stock, valued at approximately $5,216,260. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its position in Realty Income Corp. by 0.4% in the second quarter. Victory Capital Management Inc. now owns 3,288 shares of the company’s stock worth $228,000 after buying an additional 13 shares during the period. Atlanta Capital Group increased its position in shares of Realty Income Corp. by 0.4% in the second quarter. Atlanta Capital Group now owns 4,743 shares of the company’s stock worth $329,000 after buying an additional 18 shares during the last quarter. Raymond James Trust N.A. increased its position in shares of Realty Income Corp. by 0.3% in the second quarter. Raymond James Trust N.A. now owns 15,955 shares of the company’s stock worth $1,107,000 after buying an additional 46 shares during the last quarter. Carnick & Kubik LLC increased its position in shares of Realty Income Corp. by 0.3% in the first quarter. Carnick & Kubik LLC now owns 17,053 shares of the company’s stock worth $1,066,000 after buying an additional 50 shares during the last quarter. Finally, Checchi Capital Advisers LLC increased its position in shares of Realty Income Corp. by 1.7% in the second quarter. Checchi Capital Advisers LLC now owns 3,286 shares of the company’s stock worth $228,000 after buying an additional 54 shares during the last quarter. Institutional investors and hedge funds own 70.99% 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.
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.