Realty Income Corp (NYSE:O) has received an average recommendation of “Hold” from the twelve research firms that are presently covering the stock. Three investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $64.67.
A number of equities analysts have weighed in on the company. Raymond James Financial, Inc. restated an “underperform” rating on shares of Realty Income Corp in a report on Monday, January 9th. Zacks Investment Research lowered Realty Income Corp from a “buy” rating to a “hold” rating in a research report on Thursday, January 12th.
Shares of Realty Income Corp (NYSE:O) traded down 0.52% during trading on Friday, hitting $61.75. 1,183,518 shares of the company’s stock were exchanged. The company has a market cap of $16.06 billion, a P/E ratio of 54.65 and a beta of 0.37. Realty Income Corp has a 12-month low of $52.72 and a 12-month high of $72.29. The company has a 50-day moving average of $59.80 and a 200-day moving average of $59.04.
Realty Income Corp (NYSE:O) last issued its earnings results on Wednesday, February 22nd. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.02. Realty Income Corp had a return on equity of 5.04% and a net margin of 28.37%. The business earned $287.84 million during the quarter, compared to analysts’ expectations of $282.54 million. During the same quarter in the previous year, the business earned $0.71 EPS. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, equities analysts expect that Realty Income Corp will post $1.24 earnings per share for the current fiscal year.
The business also recently announced a may 17 dividend, which will be paid on Monday, May 15th. Shareholders of record on Monday, May 1st will be given a $0.211 dividend. This represents a yield of 4.13%. The ex-dividend date of this dividend is Thursday, April 27th. Realty Income Corp’s dividend payout ratio is presently 230.00%.
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In other news, COO Sumit Roy sold 14,651 shares of the stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $60.02, for a total value of $879,353.02. Following the completion of the transaction, the chief operating officer now owns 85,815 shares of the company’s stock, valued at $5,150,616.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John Case sold 28,000 shares of the stock in a transaction on Monday, March 20th. The stock was sold at an average price of $59.78, for a total value of $1,673,840.00. Following the completion of the transaction, the chief executive officer now directly owns 195,051 shares of the company’s stock, valued at approximately $11,660,148.78. The disclosure for this sale can be found here. Insiders sold 77,241 shares of company stock worth $4,617,465 over the last ninety days. 0.30% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in O. Macquarie Group Ltd. boosted its position in shares of Realty Income Corp by 0.5% in the second quarter. Macquarie Group Ltd. now owns 66,036 shares of the real estate investment trust’s stock valued at $4,580,000 after buying an additional 300 shares in the last quarter. Capstone Asset Management Co. boosted its position in shares of Realty Income Corp by 6.5% in the third quarter. Capstone Asset Management Co. now owns 24,047 shares of the real estate investment trust’s stock valued at $1,609,000 after buying an additional 1,460 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in shares of Realty Income Corp by 1.6% in the third quarter. Gulf International Bank UK Ltd now owns 76,972 shares of the real estate investment trust’s stock valued at $5,151,000 after buying an additional 1,200 shares in the last quarter. National Pension Service boosted its position in shares of Realty Income Corp by 9.0% in the third quarter. National Pension Service now owns 199,226 shares of the real estate investment trust’s stock valued at $13,334,000 after buying an additional 16,428 shares in the last quarter. Finally, Reliance Trust Co. of Delaware purchased a new position in shares of Realty Income Corp during the third quarter valued at $317,000. 68.62% of the stock is owned by institutional investors.
About Realty Income Corp
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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