Realty Income Corporation (O) Stock Rating Reaffirmed by Ladenburg Thalmann Financial Services

Ladenburg Thalmann Financial Services reiterated their hold rating on shares of Realty Income Corporation (NYSE:O) in a research report sent to investors on Wednesday.

O has been the topic of a number of other research reports. Zacks Investment Research lowered Realty Income Corporation from a hold rating to a sell rating in a research note on Wednesday, October 25th. UBS AG raised Realty Income Corporation from a sell rating to a neutral rating and upped their target price for the company from $52.00 to $57.00 in a research note on Friday, September 8th. Morgan Stanley upped their target price on Realty Income Corporation from $91.00 to $95.00 and gave the company an overweight rating in a research note on Monday, July 17th. BidaskClub lowered Realty Income Corporation from a hold rating to a sell rating in a research note on Wednesday, July 5th. Finally, FBR & Co initiated coverage on Realty Income Corporation in a research note on Monday, July 17th. They issued a market perform rating and a $56.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $65.43.

Shares of Realty Income Corporation (O) opened at $55.18 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.78. The company has a market cap of $15,548.90, a PE ratio of 18.03, a P/E/G ratio of 4.50 and a beta of 0.28.

Realty Income Corporation (NYSE:O) last posted its 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. Realty Income Corporation had a return on equity of 5.11% and a net margin of 29.37%. The firm had revenue of $306.90 million for the quarter, compared to analyst estimates of $292.73 million. During the same quarter in the prior year, the company earned $0.72 EPS. Realty Income Corporation’s revenue was up 10.8% on a year-over-year basis. analysts predict that Realty Income Corporation will post 3 earnings per share for the current year.

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The firm also recently declared a nov 17 dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a dividend of $0.212 per share. This represents a dividend yield of 4.49%. The ex-dividend date is Tuesday, October 31st. Realty Income Corporation’s dividend payout ratio is presently 208.20%.

In other news, CFO Paul M. Meurer sold 5,603 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $54.75, for a total transaction of $306,764.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gregory Mclaughlin sold 3,200 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $58.85, for a total value of $188,320.00. Following the sale, the director now owns 15,986 shares of the company’s stock, valued at $940,776.10. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. FCG Advisors LLC increased its holdings in shares of Realty Income Corporation by 0.5% during the 2nd quarter. FCG Advisors LLC now owns 3,629 shares of the real estate investment trust’s stock worth $200,000 after buying an additional 18 shares during the last quarter. Bennicas & Associates Inc. increased its holdings in shares of Realty Income Corporation by 0.6% during the 2nd quarter. Bennicas & Associates Inc. now owns 5,133 shares of the real estate investment trust’s stock worth $283,000 after buying an additional 33 shares during the last quarter. JT Stratford LLC increased its holdings in shares of Realty Income Corporation by 0.5% during the 2nd quarter. JT Stratford LLC now owns 6,701 shares of the real estate investment trust’s stock worth $370,000 after buying an additional 35 shares during the last quarter. Eaton Vance Management increased its holdings in shares of Realty Income Corporation by 0.9% during the 2nd quarter. Eaton Vance Management now owns 5,052 shares of the real estate investment trust’s stock worth $279,000 after buying an additional 47 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Realty Income Corporation by 2.9% during the 2nd quarter. Parallel Advisors LLC now owns 3,105 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 87 shares during the last quarter. Institutional investors and hedge funds own 69.04% of the company’s stock.

Realty Income Corporation 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.

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