Realty Income (NYSE:O) was upgraded by equities research analysts at Raymond James from a “market perform” rating to an “outperform” rating in a report released on Tuesday, January 7th, Marketbeat Ratings reports. The brokerage presently has a $79.00 price objective on the real estate investment trust’s stock. Raymond James’ price target would suggest a potential upside of 4.22% from the stock’s current price.
A number of other equities analysts have also commented on O. Citigroup raised Realty Income from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $78.00 to $87.00 in a research note on Thursday, December 12th. Royal Bank of Canada restated a “hold” rating and set a $75.00 target price on shares of Realty Income in a research report on Sunday, December 22nd. Zacks Investment Research upgraded Realty Income from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Tuesday, October 15th. Morgan Stanley boosted their target price on Realty Income from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 17th. Finally, Jefferies Financial Group began coverage on Realty Income in a report on Thursday, October 10th. They issued a “buy” rating and a $99.00 price objective for the company. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $81.82.
Shares of NYSE O opened at $75.80 on Tuesday. The company has a market cap of $24.43 billion and a P/E ratio of 23.76. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.76. Realty Income has a 12 month low of $63.80 and a 12 month high of $82.17. The business’s 50 day moving average is $74.12 and its two-hundred day moving average is $74.46.
Realty Income (NYSE:O) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.51). The firm had revenue of $374.20 million for the quarter, compared to the consensus estimate of $369.86 million. Realty Income had a net margin of 27.30% and a return on equity of 4.61%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 earnings per share. Sell-side analysts expect that Realty Income will post 3.27 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the business. Phocas Financial Corp. acquired a new stake in shares of Realty Income during the 2nd quarter valued at $34,000. Old North State Trust LLC acquired a new stake in shares of Realty Income during the 3rd quarter valued at $38,000. Quest Capital Management Inc. ADV acquired a new stake in shares of Realty Income during the 3rd quarter valued at $41,000. Parallax Volatility Advisers L.P. lifted its holdings in Realty Income by 1,373.0% during the 2nd quarter. Parallax Volatility Advisers L.P. now owns 545 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 508 shares during the period. Finally, Gradient Investments LLC lifted its holdings in Realty Income by 268.2% during the 4th quarter. Gradient Investments LLC now owns 626 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 456 shares during the period. Hedge funds and other institutional investors own 73.95% of the company’s stock.
Realty Income Company Profile
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 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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