Realty Income (O) Upgraded at Citigroup

Realty Income (NYSE:O) was upgraded by stock analysts at Citigroup to a “market perform” rating in a research report issued to clients and investors on Wednesday, The Fly reports. The analysts noted that the move was a valuation call.

A number of other brokerages have also weighed in on O. UBS upgraded Realty Income from a “sell” rating to a “neutral” rating and raised their target price for the company from $52.00 to $57.00 in a research note on Friday, September 8th. Vetr upgraded Realty Income from a “hold” rating to a “buy” rating and set a $58.60 target price for the company in a research note on Thursday, October 19th. B. Riley restated a “neutral” rating on shares of Realty Income in a research note on Wednesday, November 1st. Zacks Investment Research lowered Realty Income from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Finally, Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Realty Income in a research note on Thursday, October 26th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $64.09.

Realty Income (NYSE:O) opened at $56.35 on Wednesday. Realty Income has a 12 month low of $52.85 and a 12 month high of $63.60. The stock has a market capitalization of $16,287.20, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 4.77 and a beta of 0.29. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.26 and a current ratio of 1.26.

Realty Income (NYSE:O) last announced its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.01. Realty Income had a return on equity of 5.11% and a net margin of 29.37%. The company had revenue of $306.90 million during the quarter, compared to analyst estimates of $292.73 million. During the same period last year, the company posted $0.72 earnings per share. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. equities analysts anticipate that Realty Income will post 2.97 EPS for the current fiscal year.

In other Realty Income news, CFO Paul M. Meurer sold 5,603 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $54.75, for a total transaction of $306,764.25. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Joel Tomlinson sold 1,746 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $56.45, for a total value of $98,561.70. Following the transaction, the senior vice president now owns 14,913 shares in the company, valued at approximately $841,838.85. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. FCG Advisors LLC boosted its holdings in Realty Income by 0.5% during the second quarter. FCG Advisors LLC now owns 3,629 shares of the real estate investment trust’s stock worth $200,000 after buying an additional 18 shares during the last quarter. JT Stratford LLC boosted its holdings in Realty Income by 0.5% during the second quarter. JT Stratford LLC now owns 6,701 shares of the real estate investment trust’s stock worth $370,000 after buying an additional 35 shares during the last quarter. Eaton Vance Management boosted its holdings in Realty Income by 0.9% during the second quarter. Eaton Vance Management now owns 5,052 shares of the real estate investment trust’s stock worth $279,000 after buying an additional 47 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Realty Income by 2.9% during the second quarter. Parallel Advisors LLC now owns 3,105 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 87 shares during the last quarter. Finally, Lincoln National Corp boosted its holdings in Realty Income by 0.9% during the second quarter. Lincoln National Corp now owns 14,044 shares of the real estate investment trust’s stock worth $775,000 after buying an additional 129 shares during the last quarter. Hedge funds and other institutional investors own 69.92% of the company’s stock.

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Realty Income 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.

The Fly

Analyst Recommendations for Realty Income (NYSE:O)



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