Realty Income Corporation (NYSE:O) Receives Average Recommendation of “Hold” from Brokerages

Realty Income Corporation (NYSE:O) has been given an average rating of “Hold” by the sixteen research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $63.2143.

A number of brokerages recently issued reports on O. Royal Bank Of Canada upped their price target on Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Morgan Stanley increased their target price on shares of Realty Income from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 24th. Deutsche Bank Aktiengesellschaft upgraded shares of Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Tuesday, January 20th. Cantor Fitzgerald decreased their price objective on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Finally, Barclays raised their price objective on Realty Income from $63.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 3rd.

Realty Income Trading Up 0.7%

O opened at $61.18 on Monday. The business has a fifty day moving average price of $58.27 and a 200 day moving average price of $58.37. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53. Realty Income has a 12 month low of $50.71 and a 12 month high of $61.95. The stock has a market capitalization of $56.28 billion, a price-to-earnings ratio of 56.65, a PEG ratio of 3.92 and a beta of 0.79.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.35 billion. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The company’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the business earned $1.05 EPS. Sell-side analysts expect that Realty Income will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be paid a $0.27 dividend. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Friday, January 30th. Realty Income’s payout ratio is currently 300.00%.

Hedge Funds Weigh In On Realty Income

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stance Capital LLC acquired a new stake in Realty Income in the third quarter valued at $27,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of Realty Income in the third quarter valued at about $29,000. Strengthening Families & Communities LLC boosted its holdings in Realty Income by 586.1% during the third quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 422 shares in the last quarter. Avion Wealth grew its position in Realty Income by 142.4% during the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 309 shares during the period. Finally, Ameriflex Group Inc. increased its holdings in Realty Income by 68.7% in the third quarter. Ameriflex Group Inc. now owns 528 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 215 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

About Realty Income

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.