Realty Income Corp (NYSE:O) has earned an average recommendation of “Hold” from the twelve brokerages that are currently covering the stock, Marketbeat reports. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $65.67.

Several brokerages have recently commented on O. Zacks Investment Research downgraded Realty Income from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. Citigroup set a $74.00 target price on Realty Income and gave the stock a “hold” rating in a report on Tuesday, June 11th. ValuEngine downgraded Realty Income from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Capital One Financial raised Realty Income from an “underweight” rating to an “equal weight” rating in a report on Wednesday, May 8th. Finally, Morgan Stanley boosted their target price on Realty Income from $71.00 to $72.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th.

In other Realty Income news, EVP Michael R. Pfeiffer sold 10,829 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $69.83, for a total transaction of $756,189.07. Following the completion of the transaction, the executive vice president now owns 29,163 shares in the company, valued at approximately $2,036,452.29. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Benjamin N. Fox sold 2,631 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $70.70, for a total value of $186,011.70. Following the transaction, the executive vice president now owns 12,812 shares of the company’s stock, valued at approximately $905,808.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,460 shares of company stock valued at $1,366,521. 0.20% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in O. Allen Capital Group LLC boosted its stake in shares of Realty Income by 0.9% during the 1st quarter. Allen Capital Group LLC now owns 17,935 shares of the real estate investment trust’s stock worth $1,319,000 after buying an additional 154 shares during the last quarter. Berman Capital Advisors LLC lifted its stake in Realty Income by 62.8% in the 2nd quarter. Berman Capital Advisors LLC now owns 402 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 155 shares during the last quarter. Flagship Harbor Advisors LLC lifted its stake in Realty Income by 3.6% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 4,575 shares of the real estate investment trust’s stock valued at $315,000 after purchasing an additional 157 shares during the last quarter. Sterling Investment Advisors Ltd. lifted its stake in Realty Income by 39.7% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 560 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 159 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in Realty Income by 1.0% in the 1st quarter. EP Wealth Advisors LLC now owns 16,710 shares of the real estate investment trust’s stock valued at $1,229,000 after purchasing an additional 159 shares during the last quarter. Hedge funds and other institutional investors own 69.03% of the company’s stock.

Shares of Realty Income stock traded up $0.67 during trading on Friday, reaching $71.99. The company’s stock had a trading volume of 1,710,386 shares, compared to its average volume of 1,942,041. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a fifty day moving average price of $70.09. The company has a market cap of $21.82 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 5.26 and a beta of 0.12. Realty Income has a one year low of $55.55 and a one year high of $74.14.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. Realty Income had a return on equity of 8.98% and a net margin of 27.86%. The business had revenue of $365.50 million for the quarter, compared to analyst estimates of $344.42 million. During the same period in the previous year, the company posted $0.34 earnings per share. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities research analysts anticipate that Realty Income will post 3.29 EPS for the current fiscal year.

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

About Realty Income

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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