The Realty Income Corp. (O) PT Lowered to $54.00

The Realty Income Corp. (O) PT Lowered to $54.00

Realty Income Corp. (NYSE:O) had its price target cut by equities research analysts at Wunderlich from $60.00 to $54.00 in a research note issued on Monday. The brokerage currently has a “sell” rating on the stock. Wunderlich’s price target suggests a potential downside of 7.74% from the company’s current price.

Several other equities analysts also recently commented on O. Vetr downgraded shares of Realty Income Corp. from a “buy” rating to a “hold” rating and set a $64.82 target price on the stock. in a research report on Tuesday, October 4th. Zacks Investment Research downgraded Realty Income Corp. from a “buy” rating to a “hold” rating in a research report on Saturday. Oppenheimer Holdings Inc. raised their price target on Realty Income Corp. from $66.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday, July 28th. BTIG Research began coverage on Realty Income Corp. in a research report on Thursday, August 25th. They issued a “neutral” rating on the stock. Finally, Royal Bank Of Canada raised their price target on Realty Income Corp. from $58.00 to $66.00 and gave the company a “sector perform” rating in a research report on Monday, August 1st. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Realty Income Corp. currently has an average rating of “Hold” and an average target price of $62.94.

Shares of Realty Income Corp. (NYSE:O) opened at 58.53 on Monday. The firm’s 50-day moving average price is $63.86 and its 200 day moving average price is $65.03. The firm has a market cap of $15.14 billion, a PE ratio of 53.02 and a beta of 0.33. Realty Income Corp. has a 52 week low of $45.98 and a 52 week high of $72.30.

Realty Income Corp. (NYSE:O) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $0.73 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.73. Realty Income Corp. had a net margin of 28.37% and a return on equity of 5.04%. The business had revenue of $277.20 million for the quarter, compared to the consensus estimate of $279.57 million. During the same period in the prior year, the business posted $0.70 earnings per share. Realty Income Corp.’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities analysts anticipate that Realty Income Corp. will post $2.85 EPS for the current year.

The firm also recently declared a nov 16 dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st will be paid a dividend of $0.202 per share. This represents a yield of 3.93%. The ex-dividend date of this dividend is Friday, October 28th. Realty Income Corp.’s dividend payout ratio is 220.00%.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Invictus RG purchased a new position in Realty Income Corp. during the second quarter worth about $105,000. Synovus Financial Corp boosted its position in Realty Income Corp. by 1,745.3% in the third quarter. Synovus Financial Corp now owns 1,956 shares of the company’s stock worth $131,000 after buying an additional 1,850 shares during the period. CENTRAL TRUST Co boosted its position in 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 during the period. Chicago Partners Investment Group LLC purchased a new position in Realty Income Corp. during the second quarter worth about $180,000. Finally, Rehmann Capital Advisory Group purchased a new position in Realty Income Corp. during the second quarter worth about $202,000. Institutional investors own 70.78% of the company’s stock.

Realty Income Corp. Company Profile

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