Stifel Nicolaus Reiterates “Buy” Rating for Realty Income Corporation (O)

Realty Income Corporation (NYSE:O)‘s stock had its “buy” rating restated by stock analysts at Stifel Nicolaus in a research report issued on Wednesday. They currently have a $65.00 price target on the real estate investment trust’s stock. Stifel Nicolaus’ price target suggests a potential upside of 18.35% from the company’s previous close.

Several other research firms have also weighed in on O. UBS AG raised shares of Realty Income Corporation from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $52.00 to $57.00 in a report on Friday, September 8th. Canaccord Genuity initiated coverage on shares of Realty Income Corporation in a report on Tuesday, July 18th. They set a “buy” rating and a $61.00 price objective for the company. BidaskClub lowered shares of Realty Income Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. FBR & Co set a $56.00 price target on shares of Realty Income Corporation and gave the company a “hold” rating in a research note on Thursday, October 26th. Finally, Morgan Stanley increased their price target on shares of Realty Income Corporation from $91.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $65.43.

Realty Income Corporation (NYSE:O) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The company had revenue of $306.90 million during the quarter, compared to analyst estimates of $292.73 million. Realty Income Corporation had a net margin of 29.37% and a return on equity of 5.11%. The company’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business posted $0.72 earnings per share.

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In other Realty Income Corporation news, Director Gregory Mclaughlin sold 3,200 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $58.85, for a total value of $188,320.00. Following the transaction, the director now directly owns 15,986 shares of the company’s stock, valued at $940,776.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.30% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in O. Teachers Advisors LLC boosted its stake in Realty Income Corporation by 117.3% in the first quarter. Teachers Advisors LLC now owns 699,538 shares of the real estate investment trust’s stock valued at $41,643,000 after acquiring an additional 377,577 shares during the last quarter. Gotham Asset Management LLC bought a new position in Realty Income Corporation in the first quarter valued at approximately $950,000. Nuveen Asset Management LLC boosted its stake in Realty Income Corporation by 108.8% in the first quarter. Nuveen Asset Management LLC now owns 138,897 shares of the real estate investment trust’s stock valued at $8,269,000 after acquiring an additional 72,384 shares during the last quarter. DnB Asset Management AS boosted its stake in Realty Income Corporation by 1.5% in the second quarter. DnB Asset Management AS now owns 27,600 shares of the real estate investment trust’s stock valued at $1,523,000 after acquiring an additional 400 shares during the last quarter. Finally, Xact Kapitalforvaltning AB boosted its stake in Realty Income Corporation by 0.3% in the second quarter. Xact Kapitalforvaltning AB now owns 56,477 shares of the real estate investment trust’s stock valued at $3,116,000 after acquiring an additional 156 shares during the last quarter. 69.04% of the stock is currently owned by hedge funds and other institutional investors.

About Realty Income Corporation

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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