Realty Income Co. (O) Receives $61.51 Average PT from Analysts

Realty Income Co. (NYSE:O) has been assigned a consensus recommendation of “Hold” from the fifteen analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $61.51.

A number of equities analysts have recently weighed in on O shares. B. Riley set a $56.00 price target on shares of Realty Income and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. DA Davidson raised shares of Realty Income from a “neutral” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Wednesday, March 28th. Stifel Nicolaus reduced their price target on shares of Realty Income from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 22nd. Finally, Mizuho reissued a “hold” rating and set a $53.00 price target on shares of Realty Income in a research report on Friday, March 2nd.

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In related news, EVP Benjamin N. Fox sold 2,276 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $50.39, for a total value of $114,687.64. Following the sale, the executive vice president now directly owns 17,531 shares of the company’s stock, valued at approximately $883,387.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Texas Permanent School Fund lifted its position in Realty Income by 1.3% in the 4th quarter. Texas Permanent School Fund now owns 76,925 shares of the real estate investment trust’s stock valued at $4,386,000 after acquiring an additional 971 shares in the last quarter. JFS Wealth Advisors LLC increased its stake in Realty Income by 77.5% in the 4th quarter. JFS Wealth Advisors LLC now owns 2,284 shares of the real estate investment trust’s stock valued at $130,000 after buying an additional 997 shares during the last quarter. BTIM Corp. increased its stake in Realty Income by 1.8% in the 4th quarter. BTIM Corp. now owns 57,950 shares of the real estate investment trust’s stock valued at $3,305,000 after buying an additional 1,025 shares during the last quarter. Sawtooth Solutions LLC increased its stake in Realty Income by 16.3% in the 4th quarter. Sawtooth Solutions LLC now owns 7,425 shares of the real estate investment trust’s stock valued at $423,000 after buying an additional 1,039 shares during the last quarter. Finally, Opus Capital Group LLC increased its stake in Realty Income by 24.4% in the 4th quarter. Opus Capital Group LLC now owns 5,988 shares of the real estate investment trust’s stock valued at $341,000 after buying an additional 1,173 shares during the last quarter. 70.96% of the stock is currently owned by institutional investors and hedge funds.

O traded down $0.64 during trading on Friday, reaching $49.53. 1,972,943 shares of the company’s stock were exchanged, compared to its average volume of 2,175,131. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.15 and a current ratio of 1.15. Realty Income has a fifty-two week low of $47.25 and a fifty-two week high of $62.10. The firm has a market capitalization of $14,618.75, a PE ratio of 16.19, a P/E/G ratio of 3.70 and a beta of 0.18.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.44. The company had revenue of $298.90 million for the quarter, compared to analysts’ expectations of $301.53 million. Realty Income had a net margin of 26.22% and a return on equity of 5.11%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm posted $0.33 earnings per share. equities analysts forecast that Realty Income will post 3.16 EPS for the current year.

The business also recently disclosed a may 18 dividend, which will be paid on Tuesday, May 15th. Investors of record on Tuesday, May 1st will be given a $0.2195 dividend. The ex-dividend date is Monday, April 30th. This represents a yield of 5.25%. Realty Income’s dividend payout ratio is currently 85.95%.

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About Realty Income

Realty Income, The Monthly Dividend Company®, is an S&P 500 company dedicated to providing shareholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,000 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

Analyst Recommendations for Realty Income (NYSE:O)

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