The Realty Income Corp. (O) Rating Increased to Buy at Vetr Inc.

The Realty Income Corp. (O) Rating Increased to Buy at Vetr Inc.

Realty Income Corp. (NYSE:O) was upgraded by Vetr from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Several other research firms have also issued reports on O. Zacks Investment Research lowered shares of Realty Income Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. RBC Capital Markets reissued a “sector perform” rating and issued a $66.00 target price (up from $58.00) on shares of Realty Income Corp. in a report on Monday, August 1st. Royal Bank Of Canada increased their target price on shares of Realty Income Corp. from $58.00 to $66.00 and gave the stock a “sector perform” rating in a report on Monday, August 1st. Wunderlich increased their target price on shares of Realty Income Corp. from $53.00 to $60.00 and gave the stock a “sell” rating in a report on Monday, August 1st. Finally, Citigroup Inc. increased their target price on shares of Realty Income Corp. from $50.00 to $60.00 and gave the stock a “sell” rating in a report on Thursday, July 7th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. Realty Income Corp. presently has a consensus rating of “Hold” and a consensus price target of $63.32.

Shares of Realty Income Corp. (NYSE:O) opened at 61.46 on Friday. The company has a market capitalization of $15.89 billion, a price-to-earnings ratio of 56.39 and a beta of 0.33. The stock has a 50 day moving average of $65.90 and a 200-day moving average of $65.12. Realty Income Corp. has a one year low of $45.98 and a one year high of $72.30.

Realty Income Corp. (NYSE:O) last released its earnings results on Thursday, July 28th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by $0.02. The firm 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 company’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 earnings per share. On average, equities analysts expect that Realty Income Corp. will post $2.85 earnings per share for the current year.

The business also recently declared a oct 16 dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be given a $0.202 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This is an increase from Realty Income Corp.’s previous oct 16 dividend of $0.20. This represents a yield of 3.77%. Realty Income Corp.’s dividend payout ratio (DPR) is currently 222.02%.

In related news, Director Ronald Merriman sold 2,500 shares of the firm’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $66.68, for a total value of $166,700.00. Following the completion of the sale, the director now directly owns 12,075 shares in the company, valued at $805,161. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kathleen Allen sold 4,000 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $70.49, for a total value of $281,960.00. Following the completion of the sale, the director now owns 74,000 shares of the company’s stock, valued at $5,216,260. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Pictet Asset Management Ltd. increased its stake in Realty Income Corp. by 5.1% in the first quarter. Pictet Asset Management Ltd. now owns 130,300 shares of the company’s stock valued at $7,628,000 after buying an additional 6,300 shares during the period. Rafferty Asset Management LLC increased its stake in Realty Income Corp. by 0.9% in the first quarter. Rafferty Asset Management LLC now owns 32,942 shares of the company’s stock valued at $2,059,000 after buying an additional 306 shares during the period. Kempen Capital Management N.V. increased its stake in Realty Income Corp. by 19.5% in the first quarter. Kempen Capital Management N.V. now owns 52,005 shares of the company’s stock valued at $3,251,000 after buying an additional 8,504 shares during the period. Carnick & Kubik LLC increased its stake in Realty Income Corp. by 0.3% in the first quarter. Carnick & Kubik LLC now owns 17,053 shares of the company’s stock valued at $1,066,000 after buying an additional 50 shares during the period. Finally, Aviva PLC increased its stake in Realty Income Corp. by 6.7% in the first quarter. Aviva PLC now owns 127,307 shares of the company’s stock valued at $7,958,000 after buying an additional 8,046 shares during the period. Institutional investors own 70.99% of the company’s stock.

Realty Income Corp. Company Profile

Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. Its portfolio includes approximately 4,540 properties, of which over 4,519 are single-tenant properties, and the remaining are multi-tenant properties.

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