Realty Income Corp. (O) Now Covered by Mizuho
Investment analysts at Mizuho assumed coverage on shares of Realty Income Corp. (NYSE:O) in a report released on Thursday, The Fly reports. The firm set a “neutral” rating on the stock.
Several other research analysts have also recently issued reports on the company. Vetr cut Realty Income Corp. from a “buy” rating to a “hold” rating and set a $64.82 price target for the company. in a research note on Tuesday, October 4th. BTIG Research began coverage on Realty Income Corp. in a research note on Thursday, August 25th. They issued a “neutral” rating for the company. Citigroup Inc. increased their price target on Realty Income Corp. from $50.00 to $60.00 and gave the stock a “sell” rating in a research note on Thursday, July 7th. Royal Bank Of Canada increased their price target on Realty Income Corp. from $58.00 to $66.00 and gave the stock a “sector perform” rating in a research note on Monday, August 1st. Finally, Stifel Nicolaus increased their price target on Realty Income Corp. from $66.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $63.32.
Realty Income Corp. (NYSE:O) traded up 1.69% on Thursday, hitting $62.71. The stock had a trading volume of 1,867,957 shares. The company has a market cap of $16.21 billion, a PE ratio of 57.53 and a beta of 0.33. Realty Income Corp. has a one year low of $45.98 and a one year high of $72.30. The stock has a 50-day moving average of $65.31 and a 200-day moving average of $65.11.
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Realty Income Corp. (NYSE:O) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by $0.02. The firm had revenue of $260.06 million for 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 business’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 earnings per share. Equities analysts expect that Realty Income Corp. will post $2.85 earnings per share for the current fiscal year.
The business also recently announced a nov 16 dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st will be issued a dividend of $0.202 per share. This represents a dividend yield of 3.93%. The ex-dividend date is Friday, October 28th. Realty Income Corp.’s dividend payout ratio is 222.02%.
In related news, Director Ronald Merriman sold 2,500 shares of the stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $66.68, for a total value of $166,700.00. Following the completion of the sale, the director now directly owns 12,075 shares of the company’s stock, valued at approximately $805,161. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kathleen Allen sold 4,000 shares of the stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $70.49, for a total value of $281,960.00. Following the completion of the sale, the director now directly owns 74,000 shares of the company’s stock, valued at $5,216,260. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.
A number of large investors have recently made changes to their positions in O. W.G. Shaheen & Associates DBA Whitney & Co acquired a new stake in shares of Realty Income Corp. during the third quarter valued at about $264,000. MSI Financial Services Inc raised its position in shares of Realty Income Corp. by 88.6% in the third quarter. MSI Financial Services Inc now owns 64,808 shares of the company’s stock valued at $4,337,000 after buying an additional 30,454 shares during the last quarter. Gulf International Bank UK Ltd raised its position in shares of Realty Income Corp. by 1.6% in the third quarter. Gulf International Bank UK Ltd now owns 76,972 shares of the company’s stock valued at $5,151,000 after buying an additional 1,200 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Realty Income Corp. by 0.7% in the third quarter. Nisa Investment Advisors LLC now owns 119,580 shares of the company’s stock valued at $8,003,000 after buying an additional 800 shares during the last quarter. Finally, Capstone Asset Management Co. raised its position in shares of Realty Income Corp. by 6.5% in the third quarter. Capstone Asset Management Co. now owns 24,047 shares of the company’s stock valued at $1,609,000 after buying an additional 1,460 shares during the last quarter. 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.
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