Realty Income (O) Given a $56.00 Price Target at B. Riley

Realty Income (NYSE:O) received a $56.00 price objective from equities research analysts at B. Riley in a report released on Tuesday. The firm currently has a “hold” rating on the real estate investment trust’s stock. B. Riley’s target price would suggest a potential downside of 1.79% from the company’s previous close.

O has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Realty Income from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. UBS Group raised shares of Realty Income from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $52.00 to $57.00 in a research note on Friday, September 8th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Realty Income in a research note on Wednesday, November 1st. 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. Finally, Vetr raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price objective for the company in a research note on Monday, November 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $64.09.

Shares of Realty Income (O) traded down $0.10 during midday trading on Tuesday, reaching $57.02. 1,453,100 shares of the company’s stock were exchanged, compared to its average volume of 1,756,847. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $16,067.40, a P/E ratio of 46.74, a P/E/G ratio of 4.67 and a beta of 0.29. Realty Income has a one year low of $52.85 and a one year high of $63.60.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $306.90 million for the quarter, compared to the consensus estimate of $292.73 million. Realty Income had a net margin of 29.37% and a return on equity of 5.11%. Realty Income’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 EPS. equities analysts anticipate that Realty Income will post 2.94 earnings per share for the current fiscal year.

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

Several hedge funds have recently added to or reduced their stakes in O. Schwab Charles Investment Management Inc. boosted its stake in shares of Realty Income by 8.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 959,540 shares of the real estate investment trust’s stock worth $52,948,000 after purchasing an additional 75,982 shares during the period. Prudential Financial Inc. boosted its stake in shares of Realty Income by 0.9% during the 2nd quarter. Prudential Financial Inc. now owns 402,584 shares of the real estate investment trust’s stock worth $22,215,000 after purchasing an additional 3,630 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Realty Income by 8.5% during the 2nd quarter. Pacer Advisors Inc. now owns 4,900 shares of the real estate investment trust’s stock worth $270,000 after purchasing an additional 384 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Realty Income by 92.8% during the 2nd quarter. Principal Financial Group Inc. now owns 790,148 shares of the real estate investment trust’s stock worth $43,600,000 after purchasing an additional 380,379 shares during the period. Finally, Commerce Bank boosted its stake in shares of Realty Income by 33.2% during the 2nd quarter. Commerce Bank now owns 5,708 shares of the real estate investment trust’s stock worth $315,000 after purchasing an additional 1,422 shares during the period. 69.92% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Realty Income (NYSE:O)

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