Realty Income (NYSE:O) Price Target Lowered to $78.00 at Raymond James

Realty Income (NYSE:OGet Rating) had its target price decreased by Raymond James from $82.00 to $78.00 in a research report report published on Tuesday morning, Benzinga reports. Raymond James currently has an outperform rating on the real estate investment trust’s stock.

A number of other equities analysts also recently weighed in on O. StockNews.com downgraded Realty Income from a hold rating to a sell rating in a research report on Thursday, September 1st. Credit Suisse Group started coverage on shares of Realty Income in a research note on Wednesday, June 22nd. They issued an outperform rating and a $75.00 price target on the stock. Morgan Stanley reduced their price objective on shares of Realty Income from $77.00 to $76.00 and set an overweight rating for the company in a research note on Tuesday, July 12th. Jefferies Financial Group lowered their target price on Realty Income from $81.00 to $78.00 in a research report on Thursday, June 30th. Finally, Wolfe Research cut Realty Income from an outperform rating to a market perform rating and set a $73.00 price target for the company. in a research report on Monday, May 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $76.57.

Realty Income Trading Up 0.1 %

O opened at $67.75 on Tuesday. The stock has a market capitalization of $40.76 billion, a P/E ratio of 64.23, a P/E/G ratio of 4.39 and a beta of 0.73. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.60. Realty Income has a 12 month low of $62.28 and a 12 month high of $75.40. The firm’s fifty day simple moving average is $71.07 and its 200 day simple moving average is $69.02.

Realty Income Announces Dividend

The firm also recently disclosed a sep 22 dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be paid a $0.2475 dividend. The ex-dividend date is Wednesday, August 31st. Realty Income’s dividend payout ratio is 280.19%.

Institutional Investors Weigh In On Realty Income

Hedge funds have recently added to or reduced their stakes in the business. TFG Advisers LLC grew its position in shares of Realty Income by 1.1% in the first 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 last quarter. Coldstream Capital Management Inc. grew its holdings in Realty Income by 2.0% in the 2nd quarter. Coldstream Capital Management Inc. now owns 7,618 shares of the real estate investment trust’s stock valued at $520,000 after buying an additional 147 shares in the last quarter. Powers Advisory Group LLC increased its position in Realty Income by 1.8% during the 2nd quarter. Powers Advisory Group LLC now owns 8,208 shares of the real estate investment trust’s stock worth $560,000 after buying an additional 148 shares during the period. Vectors Research Management LLC lifted its holdings in shares of Realty Income by 21.3% during the second quarter. Vectors Research Management LLC now owns 854 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 150 shares in the last quarter. Finally, Lumature Wealth Partners LLC boosted its position in shares of Realty Income by 4.2% in the second quarter. Lumature Wealth Partners LLC now owns 3,750 shares of the real estate investment trust’s stock valued at $256,000 after acquiring an additional 151 shares during the period. Institutional investors and hedge funds own 81.57% of the company’s stock.

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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