Realty Income Corp (NYSE:O) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Realty Income Corp (NYSE:O) have been assigned an average recommendation of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $65.67.

A number of brokerages have recently weighed in on O. Citigroup set a $74.00 target price on shares of Realty Income and gave the company a “hold” rating in a research note on Tuesday, June 11th. Capital One Financial raised shares of Realty Income from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, May 8th. Zacks Investment Research lowered shares of HEXO from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Morgan Stanley boosted their price objective on shares of Visa from $175.00 to $191.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Finally, Wells Fargo & Co lowered shares of Biogen from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 21st.

In other Realty Income news, EVP Benjamin N. Fox sold 2,631 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $70.70, for a total transaction of $186,011.70. Following the completion of the sale, the executive vice president now directly owns 12,812 shares of the company’s stock, valued at $905,808.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ronald Merriman sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $70.72, for a total transaction of $424,320.00. Following the sale, the director now directly owns 18,075 shares of the company’s stock, valued at $1,278,264. The disclosure for this sale can be found here. Insiders have sold 19,460 shares of company stock valued at $1,366,521 over the last three months. 0.20% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. Comerica Securities Inc. acquired a new stake in Realty Income during the 4th quarter valued at $219,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Realty Income by 74.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,647 shares of the real estate investment trust’s stock valued at $545,000 after purchasing an additional 3,698 shares in the last quarter. Korea Investment CORP increased its holdings in Realty Income by 1,301.5% during the 4th quarter. Korea Investment CORP now owns 46,304 shares of the real estate investment trust’s stock valued at $2,919,000 after purchasing an additional 43,000 shares in the last quarter. Commonwealth Bank of Australia increased its holdings in Realty Income by 52.6% during the 4th quarter. Commonwealth Bank of Australia now owns 23,013 shares of the real estate investment trust’s stock valued at $1,446,000 after purchasing an additional 7,933 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Realty Income by 17.1% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 73,235 shares of the real estate investment trust’s stock valued at $4,617,000 after purchasing an additional 10,694 shares in the last quarter. 69.23% of the stock is owned by institutional investors and hedge funds.

NYSE:O traded down $0.53 during trading hours on Tuesday, reaching $69.86. The company’s stock had a trading volume of 1,751,900 shares, compared to its average volume of 1,984,759. The company has a market capitalization of $22.12 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 4.80 and a beta of 0.13. The firm’s 50-day moving average price is $71.05. Realty Income has a 1 year low of $54.48 and a 1 year high of $74.14. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.35 and a quick ratio of 1.35.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.43). Realty Income had a net margin of 28.70% and a return on equity of 7.65%. The firm had revenue of $354.40 million during the quarter, compared to analysts’ expectations of $335.37 million. During the same quarter in the previous year, the firm posted $0.29 EPS. Realty Income’s revenue was up 11.3% compared to the same quarter last year. Research analysts expect that Realty Income will post 3.3 EPS for the current year.

The business also recently disclosed a aug 19 dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be issued a dividend of $0.2265 per share. The ex-dividend date of this dividend is Wednesday, July 31st. Realty Income’s payout ratio is 85.27%.

Realty Income Company Profile

Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

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Analyst Recommendations for Realty Income (NYSE:O)

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