Shares of Realty Income Corp (NYSE:O) have earned a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $64.09.
A number of equities research analysts recently commented on O shares. Vetr raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price objective on the stock in a research note on Monday, November 20th. Stifel Nicolaus reissued a “buy” rating and issued a $65.00 price objective on shares of Realty Income in a research note on Wednesday, November 1st. Capital One Financial reissued an “equal weight” rating on shares of Realty Income in a research note on Wednesday, October 25th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Realty Income in a research note on Wednesday, November 1st. Finally, FBR & Co set a $56.00 price objective on shares of Realty Income and gave the company a “hold” rating in a research note on Thursday, October 26th.
Realty Income (NYSE:O) opened at $55.25 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.78. The stock has a market cap of $15,570.00, a PE ratio of 45.29, a PEG ratio of 4.30 and a beta of 0.29. Realty Income has a twelve month low of $52.85 and a twelve month high of $63.60.
The company also recently declared a jan 17 dividend, which will be paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd will be paid a dividend of $0.2125 per share. This is a boost from Realty Income’s previous jan 17 dividend of $0.21. This represents a dividend yield of 4.48%. The ex-dividend date is Friday, December 29th. Realty Income’s dividend payout ratio (DPR) is currently 209.02%.
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 shares were sold at an average price of $54.75, for a total transaction of $306,764.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction of $98,561.70. Following the sale, the senior vice president now directly owns 14,913 shares in the company, valued at $841,838.85. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Realty Income by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 46,814,575 shares of the real estate investment trust’s stock worth $2,583,229,000 after acquiring an additional 834,811 shares during the period. BlackRock Inc. lifted its holdings in shares of Realty Income by 3.9% during the 2nd quarter. BlackRock Inc. now owns 27,144,544 shares of the real estate investment trust’s stock worth $1,497,836,000 after acquiring an additional 1,024,539 shares during the period. Northern Trust Corp lifted its holdings in shares of Realty Income by 3.6% during the 2nd quarter. Northern Trust Corp now owns 4,718,094 shares of the real estate investment trust’s stock worth $260,344,000 after acquiring an additional 164,326 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Realty Income by 10.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,436,861 shares of the real estate investment trust’s stock worth $256,540,000 after acquiring an additional 437,803 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Realty Income by 8.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,345,915 shares of the real estate investment trust’s stock worth $248,543,000 after acquiring an additional 322,239 shares during the period. Institutional investors and hedge funds own 69.92% of the company’s stock.
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About Realty Income
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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