Realty Income Corporation (NYSE:O) was upgraded by analysts at UBS AG from a “sell” rating to a “neutral” rating in a note issued to investors on Friday, The Fly reports.

A number of other analysts also recently commented on O. FBR & Co began coverage on shares of Realty Income Corporation in a research report on Monday, July 17th. They set a “market perform” rating and a $56.00 price target on the stock. Canaccord Genuity began coverage on shares of Realty Income Corporation in a research report on Tuesday, July 18th. They set a “buy” rating and a $61.00 price target on the stock. BidaskClub downgraded shares of Realty Income Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Stifel Nicolaus restated a “buy” rating and set a $65.00 price target on shares of Realty Income Corporation in a research report on Friday, July 14th. Finally, Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Realty Income Corporation in a research report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $63.68.

Shares of Realty Income Corporation (NYSE:O) traded up 1.07% on Friday, hitting $59.34. 254,820 shares of the stock were exchanged. Realty Income Corporation has a one year low of $52.72 and a one year high of $69.14. The firm has a market cap of $16.26 billion, a price-to-earnings ratio of 50.76 and a beta of 0.31. The firm’s 50 day moving average price is $57.46 and its 200 day moving average price is $57.60.

Realty Income Corporation (NYSE:O) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 EPS for the quarter, hitting analysts’ consensus estimates of $0.76. Realty Income Corporation had a net margin of 29.19% and a return on equity of 5.14%. The company had revenue of $300.20 million for the quarter, compared to the consensus estimate of $289.86 million. During the same period in the previous year, the firm earned $0.70 EPS. Realty Income Corporation’s revenue was up 10.8% on a year-over-year basis. Equities analysts anticipate that Realty Income Corporation will post $1.19 earnings per share for the current year.

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In other news, Director Priya Cherian Huskins sold 8,000 shares of Realty Income Corporation stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $56.23, for a total value of $449,840.00. Following the transaction, the director now owns 20,513 shares of the company’s stock, valued at approximately $1,153,445.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.30% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in O. BlackRock Inc. increased its position in shares of Realty Income Corporation by 2,423.9% in the first quarter. BlackRock Inc. now owns 26,120,005 shares of the real estate investment trust’s stock worth $1,554,926,000 after acquiring an additional 25,085,115 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Realty Income Corporation by 226.0% in the first quarter. JPMorgan Chase & Co. now owns 5,299,990 shares of the real estate investment trust’s stock worth $315,509,000 after acquiring an additional 3,674,028 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Realty Income Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 45,979,764 shares of the real estate investment trust’s stock worth $2,737,174,000 after acquiring an additional 1,876,658 shares in the last quarter. State Street Corp increased its position in shares of Realty Income Corporation by 9.6% in the first quarter. State Street Corp now owns 17,691,072 shares of the real estate investment trust’s stock worth $1,053,156,000 after acquiring an additional 1,545,797 shares in the last quarter. Finally, APG Asset Management US Inc. increased its position in shares of Realty Income Corporation by 111.1% in the second quarter. APG Asset Management US Inc. now owns 2,111,300 shares of the real estate investment trust’s stock worth $116,502,000 after acquiring an additional 1,111,300 shares in the last quarter. 69.17% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Corporation 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. As of December 31, 2016, the Company owned a diversified portfolio of 4,944 properties located in 49 states and Puerto Rico, with over 83.0 million square feet of leasable space leased to 248 different commercial tenants doing business in 47 separate industries.

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Analyst Recommendations for Realty Income Corporation (NYSE:O)

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