Vetr lowered shares of Realty Income Corporation (NYSE:O) from a buy rating to a hold rating in a research note released on Monday morning. The firm currently has $58.60 price target on the real estate investment trust’s stock.

A number of other equities analysts also recently commented on the company. B. Riley reissued a neutral rating on shares of Realty Income Corporation in a research report on Wednesday, November 1st. Stifel Nicolaus reissued a buy rating and set a $65.00 price objective on shares of Realty Income Corporation in a research report on Wednesday, November 1st. Ladenburg Thalmann Financial Services reissued a hold rating on shares of Realty Income Corporation in a research report on Wednesday, November 1st. Capital One Financial Corporation reissued an equal weight rating on shares of Realty Income Corporation in a research report on Wednesday, October 25th. Finally, FBR & Co set a $56.00 price objective on Realty Income Corporation and gave the stock a hold rating in a research report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. Realty Income Corporation presently has an average rating of Hold and a consensus price target of $65.43.

Shares of Realty Income Corporation (NYSE:O) traded up $0.40 during trading hours on Monday, reaching $56.67. 1,555,800 shares of the company’s stock were exchanged, compared to its average volume of 1,766,264. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $15,900.00, a price-to-earnings ratio of 18.39, a PEG ratio of 4.59 and a beta of 0.28. Realty Income Corporation has a one year low of $52.85 and a one year high of $63.60.

Realty Income Corporation (NYSE:O) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. The company had revenue of $306.90 million for 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 business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 earnings per share. equities analysts forecast that Realty Income Corporation will post 3 earnings per share for the current fiscal year.

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The company also recently disclosed a dec 17 dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.212 dividend. This represents a dividend yield of 4.49%. The ex-dividend date is Thursday, November 30th. Realty Income Corporation’s payout ratio is currently 208.20%.

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

Several institutional investors have recently added to or reduced their stakes in O. FCG Advisors LLC raised its position in Realty Income Corporation by 0.5% in the second quarter. FCG Advisors LLC now owns 3,629 shares of the real estate investment trust’s stock worth $200,000 after acquiring an additional 18 shares in the last quarter. Bennicas & Associates Inc. raised its position in Realty Income Corporation by 0.6% in the second quarter. Bennicas & Associates Inc. now owns 5,133 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 33 shares in the last quarter. JT Stratford LLC raised its position in Realty Income Corporation by 0.5% in the second quarter. JT Stratford LLC now owns 6,701 shares of the real estate investment trust’s stock worth $370,000 after acquiring an additional 35 shares in the last quarter. Eaton Vance Management raised its position in Realty Income Corporation by 0.9% in the second quarter. Eaton Vance Management now owns 5,052 shares of the real estate investment trust’s stock worth $279,000 after acquiring an additional 47 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in Realty Income Corporation by 2.9% in the second quarter. Parallel Advisors LLC now owns 3,105 shares of the real estate investment trust’s stock worth $177,000 after acquiring an additional 87 shares in the last quarter. Institutional investors and hedge funds own 67.20% 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.

Analyst Recommendations for Realty Income Corporation (NYSE:O)

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