O has been the subject of several other reports. Wunderlich lifted their target price on Realty Income Corp. from $53.00 to $60.00 and gave the company a sell rating in a research report on Monday, August 1st. Oppenheimer Holdings Inc. boosted their price objective on Realty Income Corp. from $66.00 to $78.00 and gave the stock an outperform rating in a research report on Thursday, July 28th. Zacks Investment Research downgraded Realty Income Corp. from a buy rating to a hold rating in a research report on Tuesday, August 2nd. BTIG Research started coverage on Realty Income Corp. in a research report on Thursday, August 25th. They set a neutral rating for the company. Finally, Royal Bank Of Canada boosted their price objective on Realty Income Corp. from $58.00 to $66.00 and gave the stock a sector perform rating in a research report on Monday, August 1st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $64.31.
Realty Income Corp. (NYSE:O) opened at 68.68 on Wednesday. The stock has a market capitalization of $17.76 billion, a price-to-earnings ratio of 63.01 and a beta of 0.39. The firm’s 50-day moving average is $66.71 and its 200-day moving average is $64.89. Realty Income Corp. has a 52-week low of $45.65 and a 52-week 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 for the quarter, missing the consensus estimate of $0.72 by $0.02. The firm earned $260.06 million during the quarter, compared to analyst estimates of $274.34 million. Realty Income Corp. had a net margin of 27.95% and a return on equity of 5.08%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. Analysts predict that Realty Income Corp. will post $2.85 earnings per share for the current year.
The firm also recently declared a oct 16 dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be issued a $0.202 dividend. This represents a yield of 3.77%. This is an increase from Realty Income Corp.’s previous oct 16 dividend of $0.20. The ex-dividend date of this dividend is Thursday, September 29th. Realty Income Corp.’s dividend payout ratio is 222.02%.
In other Realty Income Corp. news, Director Kathleen Allen sold 4,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $5,216,260. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ronald Merriman sold 2,500 shares of the business’s 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 sale, the director now owns 12,075 shares of the company’s stock, valued at approximately $805,161. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of O. Invictus RG bought a new stake in Realty Income Corp. during the second quarter valued at approximately $105,000. CENTRAL TRUST Co boosted its stake in Realty Income Corp. by 13.3% in the second quarter. CENTRAL TRUST Co now owns 2,197 shares of the company’s stock valued at $152,000 after buying an additional 258 shares during the period. Chicago Partners Investment Group LLC bought a new stake in Realty Income Corp. during the second quarter valued at approximately $180,000. Rehmann Capital Advisory Group bought a new stake in Realty Income Corp. during the second quarter valued at approximately $202,000. Finally, WealthTrust Fairport LLC bought a new stake in Realty Income Corp. during the second quarter valued at approximately $202,000. Institutional investors own 70.99% of the company’s stock.
About Realty Income Corp.
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.
To view Vetr’s full report, visit Vetr’s official website.
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