Vetr upgraded shares of Realty Income Corporation (NYSE:O) from a hold rating to a buy rating in a report released on Monday. Vetr currently has $58.60 price objective on the real estate investment trust’s stock.

A number of other research firms have also recently issued reports on O. B. Riley restated a neutral rating on shares of Realty Income Corporation in a research report on Wednesday, November 1st. Stifel Nicolaus restated 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 restated a hold rating on shares of Realty Income Corporation in a research report on Wednesday, November 1st. Capital One Financial Corporation restated 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 company a hold rating in a research report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Realty Income Corporation currently has a consensus rating of Hold and an average target price of $65.43.

Realty Income Corporation (O) opened at $56.29 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.78. Realty Income Corporation has a one year low of $52.85 and a one year high of $63.60. The firm has a market capitalization of $15,932.15, a P/E ratio of 18.48, a P/E/G ratio of 4.63 and a beta of 0.28.

Realty Income Corporation (NYSE:O) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The company had revenue of $306.90 million for the quarter, compared to the consensus estimate of $292.73 million. Realty Income Corporation had a return on equity of 5.11% and a net margin of 29.37%. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.72 EPS. research analysts predict that Realty Income Corporation will post 2.99 earnings per share for the current fiscal year.

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

In other Realty Income Corporation news, Director Gregory Mclaughlin sold 3,200 shares of the stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $58.85, for a total value of $188,320.00. Following the completion of the sale, the director now directly owns 15,986 shares in the company, valued at $940,776.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Joel Tomlinson sold 1,746 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $56.45, for a total value of $98,561.70. Following the completion of the sale, the senior vice president now owns 14,913 shares of the company’s stock, valued at $841,838.85. The disclosure for this sale can be found here. Insiders sold 10,549 shares of company stock valued at $593,646 over the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in the business. Xact Kapitalforvaltning AB boosted its position in shares of Realty Income Corporation by 2.2% during the third quarter. Xact Kapitalforvaltning AB now owns 57,704 shares of the real estate investment trust’s stock worth $3,300,000 after buying an additional 1,227 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of Realty Income Corporation by 23.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 160,139 shares of the real estate investment trust’s stock worth $8,837,000 after buying an additional 30,444 shares during the period. Lockheed Martin Investment Management Co. boosted its position in shares of Realty Income Corporation by 167.5% during the second quarter. Lockheed Martin Investment Management Co. now owns 52,700 shares of the real estate investment trust’s stock worth $2,908,000 after buying an additional 33,000 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Realty Income Corporation by 3.5% during the second quarter. Ameriprise Financial Inc. now owns 2,270,081 shares of the real estate investment trust’s stock worth $124,609,000 after buying an additional 76,311 shares during the period. Finally, QS Investors LLC boosted its position in shares of Realty Income Corporation by 48.0% during the second quarter. QS Investors LLC now owns 22,521 shares of the real estate investment trust’s stock worth $1,243,000 after buying an additional 7,300 shares during the period. Institutional investors own 67.54% of the company’s stock.

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Realty Income Corporation (NYSE:O)

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