Realty Income Co. (NYSE:O) Given Average Recommendation of “Hold” by Brokerages

Realty Income Co. (NYSE:OGet Rating) has been given an average rating of “Hold” by the ten analysts that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $76.60.

Several equities research analysts recently weighed in on O shares. Morgan Stanley dropped their price objective on shares of Realty Income from $79.00 to $78.00 and set an “overweight” rating on the stock in a research note on Thursday, March 3rd. TheStreet upgraded Realty Income from a “c+” rating to a “b” rating in a research note on Wednesday, May 4th. StockNews.com initiated coverage on Realty Income in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Capital One Financial restated an “equal weight” rating on shares of Realty Income in a research note on Monday, April 25th. Finally, Wolfe Research downgraded Realty Income from an “outperform” rating to a “market perform” rating and set a $73.00 target price for the company. in a research note on Monday.

NYSE O opened at $67.22 on Tuesday. The business has a 50 day moving average price of $69.31 and a two-hundred day moving average price of $68.94. Realty Income has a fifty-two week low of $62.74 and a fifty-two week high of $75.40. The stock has a market cap of $40.44 billion, a PE ratio of 65.90, a P/E/G ratio of 4.37 and a beta of 0.74. The company has a quick ratio of 1.95, a current ratio of 2.03 and a debt-to-equity ratio of 0.62.

Realty Income (NYSE:OGet Rating) last announced its earnings results on Wednesday, May 4th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.63). Realty Income had a net margin of 18.91% and a return on equity of 2.44%. The business had revenue of $807.30 million during the quarter, compared to analyst estimates of $748.69 million. During the same period in the previous year, the company earned $0.86 earnings per share. The business’s revenue for the quarter was up 82.3% on a year-over-year basis. Sell-side analysts anticipate that Realty Income will post 3.91 EPS for the current fiscal year.

The business also recently declared a jun 22 dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st will be issued a $0.247 dividend. The ex-dividend date is Tuesday, May 31st. Realty Income’s dividend payout ratio is currently 290.20%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. TFG Advisers LLC raised its stake in Realty Income by 1.1% during the 1st quarter. TFG Advisers LLC now owns 12,286 shares of the real estate investment trust’s stock valued at $851,000 after purchasing an additional 134 shares during the period. Campion Asset Management raised its stake in Realty Income by 3.7% during the 3rd quarter. Campion Asset Management now owns 4,225 shares of the real estate investment trust’s stock valued at $274,000 after purchasing an additional 150 shares during the period. SignalPoint Asset Management LLC raised its stake in Realty Income by 2.3% during the 4th quarter. SignalPoint Asset Management LLC now owns 6,589 shares of the real estate investment trust’s stock valued at $471,000 after purchasing an additional 151 shares during the period. Larson Financial Group LLC grew its holdings in shares of Realty Income by 36.3% during the 4th quarter. Larson Financial Group LLC now owns 567 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 151 shares in the last quarter. Finally, Whittier Trust Co. grew its holdings in shares of Realty Income by 8.1% during the 4th quarter. Whittier Trust Co. now owns 2,074 shares of the real estate investment trust’s stock valued at $148,000 after acquiring an additional 156 shares in the last quarter. 76.46% of the stock is currently owned by institutional investors.

Realty Income Company Profile (Get Rating)

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 6,500 real estate properties owned under long-term lease agreements with our commercial clients.

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Analyst Recommendations for Realty Income (NYSE:O)

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