Realty Income Co. (NYSE:O) Receives Consensus Recommendation of “Hold” from Analysts

Realty Income Co. (NYSE:OGet Rating) has earned an average rating of “Hold” from the nine research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $76.50.

Several analysts have commented on the stock. TheStreet upgraded shares of Realty Income from a “c+” rating to a “b” rating in a research report on Wednesday, May 4th. StockNews.com cut shares of Realty Income from a “hold” rating to a “sell” rating in a research report on Friday, June 10th. Capital One Financial reiterated an “equal weight” rating on shares of Realty Income in a research report on Monday, April 25th. Wolfe Research cut shares of Realty Income from an “outperform” rating to a “market perform” rating and set a $73.00 target price for the company. in a research report on Monday, May 23rd. Finally, Morgan Stanley lowered their price objective on shares of Realty Income from $78.00 to $77.00 and set an “overweight” rating for the company in a research report on Thursday, May 26th.

A number of large investors have recently modified their holdings of O. Equitec Proprietary Markets LLC bought a new position in Realty Income in the 4th quarter valued at about $25,000. Castle Financial & Retirement Planning Associates Inc. bought a new position in Realty Income in the 4th quarter valued at about $25,000. Level Financial Advisors Inc. bought a new position in Realty Income in the 4th quarter valued at about $30,000. Hazlett Burt & Watson Inc. bought a new position in Realty Income in the 1st quarter valued at about $30,000. Finally, Rinkey Investments bought a new position in shares of Realty Income during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 76.46% of the company’s stock.

NYSE O opened at $64.87 on Friday. The company has a market capitalization of $39.03 billion, a price-to-earnings ratio of 63.60, a PEG ratio of 4.68 and a beta of 0.74. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.62. Realty Income has a 1-year low of $62.28 and a 1-year high of $75.40. The stock’s 50 day moving average is $68.56 and its two-hundred day moving average is $68.44.

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

The company also recently announced a jul 22 dividend, which will be paid on Friday, July 15th. Investors of record on Friday, July 1st will be paid a $0.2475 dividend. The ex-dividend date is Thursday, June 30th. Realty Income’s dividend payout ratio (DPR) is currently 290.20%.

About Realty Income (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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