Realty Income Corporation’s (NYSE:O) Hold Rating Reaffirmed at Ladenburg Thalmann Financial Services
Several other equities analysts have also recently issued reports on the stock. Canaccord Genuity initiated coverage on shares of Realty Income Corporation in a research report on Tuesday, July 18th. They issued a buy rating and a $61.00 price target for the company. Stifel Nicolaus restated a buy rating and issued a $65.00 price target on shares of Realty Income Corporation in a research report on Friday, July 14th. BidaskClub upgraded shares of Realty Income Corporation from a sell rating to a hold rating in a research report on Sunday, July 16th. FBR & Co initiated coverage on shares of Realty Income Corporation in a research report on Monday, July 17th. They issued a market perform rating and a $56.00 price target for the company. Finally, Morgan Stanley upped 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 report on Monday, July 17th. Four investment 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’s stock. Realty Income Corporation has a consensus rating of Hold and a consensus target price of $63.92.
Shares of Realty Income Corporation (NYSE O) traded down 0.3816% during trading on Thursday, hitting $56.9817. The stock had a trading volume of 345,236 shares. The stock’s 50 day moving average is $56.07 and its 200-day moving average is $58.08. Realty Income Corporation has a 12-month low of $52.72 and a 12-month high of $72.30. The company has a market cap of $15.62 billion, a PE ratio of 48.7440 and a beta of 0.31.
Realty Income Corporation (NYSE:O) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.76. The business had revenue of $300.20 million during the quarter, compared to analysts’ expectations of $289.86 million. Realty Income Corporation had a net margin of 29.19% and a return on equity of 5.14%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.70 EPS. Analysts forecast that Realty Income Corporation will post $1.22 earnings per share for the current year.
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The company also recently disclosed a aug 17 dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be given a dividend of $0.2115 per share. This represents a dividend yield of 4.63%. The ex-dividend date is Friday, July 28th. Realty Income Corporation’s dividend payout ratio (DPR) is presently 217.09%.
In related news, Director Priya Cherian Huskins sold 8,000 shares of the stock in a transaction on Monday, June 19th. The shares were sold at an average price of $56.23, for a total transaction of $449,840.00. Following the transaction, the director now directly owns 20,513 shares of the company’s stock, valued at $1,153,445.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quadrature Capital Ltd bought a new position in shares of Realty Income Corporation during the fourth quarter valued at about $774,000. UBS Asset Management Americas Inc. raised its position in shares of Realty Income Corporation by 3.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 977,508 shares of the real estate investment trust’s stock valued at $56,187,000 after buying an additional 32,331 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Realty Income Corporation by 5.6% in the fourth quarter. Teachers Advisors LLC now owns 321,961 shares of the real estate investment trust’s stock valued at $18,506,000 after buying an additional 16,990 shares in the last quarter. Kentucky Retirement Systems bought a new position in shares of Realty Income Corporation during the fourth quarter valued at about $1,079,000. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Realty Income Corporation during the fourth quarter valued at about $481,000. 69.03% of the stock is currently owned by institutional investors and hedge funds.
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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