The Realty Income Corp. (O) Now Covered by Analysts at Mizuho

The Realty Income Corp. (O) Now Covered by Analysts at Mizuho

Mizuho began coverage on shares of Realty Income Corp. (NYSE:O) in a research report report published on Thursday. The brokerage issued a neutral rating and a $65.00 price target on the stock.

Several other brokerages have also recently commented on O. Citigroup Inc. boosted their price target on shares of Realty Income Corp. from $50.00 to $60.00 and gave the stock a sell rating in a research note on Thursday, July 7th. RBC Capital Markets reiterated a sector perform rating and issued a $66.00 price target (up previously from $58.00) on shares of Realty Income Corp. in a research note on Monday, August 1st. Vetr cut shares of Realty Income Corp. from a sell rating to a strong sell rating and set a $58.50 price target on the stock. in a research note on Monday, June 27th. Stifel Nicolaus boosted their price target on shares of Realty Income Corp. from $66.00 to $73.00 and gave the stock a buy rating in a research note on Thursday, July 28th. Finally, Zacks Investment Research upgraded shares of Realty Income Corp. from a hold rating to a buy rating and set a $79.00 price target on the stock in a research note on Wednesday, July 27th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Realty Income Corp. has an average rating of Hold and an average price target of $63.44.

Realty Income Corp. (NYSE:O) traded down 0.392% during mid-day trading on Thursday, hitting $62.464. The company had a trading volume of 244,504 shares. The stock has a market capitalization of $16.15 billion, a PE ratio of 57.306 and a beta of 0.33. Realty Income Corp. has a 1-year low of $45.98 and a 1-year high of $72.30. The stock has a 50 day moving average price of $65.31 and a 200-day moving average price of $65.11.

Realty Income Corp. (NYSE:O) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.72 by $0.02. The company earned $260.06 million during the quarter, compared to analysts’ expectations of $274.34 million. Realty Income Corp. had a return on equity of 5.08% and a net margin of 27.95%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 EPS. On average, analysts forecast that Realty Income Corp. will post $2.85 earnings per share for the current year.

The company also recently declared a nov 16 dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st will be issued a dividend of $0.202 per share. The ex-dividend date of this dividend is Friday, October 28th. This represents a yield of 3.93%. Realty Income Corp.’s payout ratio is 222.02%.

In other Realty Income Corp. news, Director Ronald Merriman sold 2,500 shares of the company’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $66.68, for a total value of $166,700.00. Following the transaction, the director now directly owns 12,075 shares in the company, valued at approximately $805,161. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kathleen Allen sold 4,000 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $70.49, for a total transaction of $281,960.00. Following the completion of the transaction, the director now owns 74,000 shares in the company, valued at $5,216,260. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. Invictus RG bought a new position in shares of Realty Income Corp. during the second quarter worth approximately $105,000. CENTRAL TRUST Co increased its position in shares of Realty Income Corp. by 13.3% in the second quarter. CENTRAL TRUST Co now owns 2,197 shares of the company’s stock worth $152,000 after buying an additional 258 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of Realty Income Corp. during the second quarter worth approximately $180,000. Rehmann Capital Advisory Group bought a new position in shares of Realty Income Corp. during the second quarter worth approximately $202,000. Finally, WealthTrust Fairport LLC bought a new position in shares of Realty Income Corp. during the second quarter worth approximately $202,000. Institutional investors and hedge funds own 70.99% of the company’s stock.

Realty Income Corp. Company Profile

Related posts

Leave a Comment