Realty Income Corporation (O) Earns Buy Rating from Stifel Nicolaus
Realty Income Corporation (NYSE:O)‘s stock had its “buy” rating reaffirmed by analysts at Stifel Nicolaus in a report issued on Wednesday. They presently have a $65.00 price objective on the real estate investment trust’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 21.11% from the company’s previous close.
O has been the topic of several other reports. Zacks Investment Research downgraded Realty Income Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. UBS AG raised Realty Income Corporation from a “sell” rating to a “neutral” rating and raised their price target for the company from $52.00 to $57.00 in a research report on Friday, September 8th. Morgan Stanley raised their price target on Realty Income Corporation from $91.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, July 17th. BidaskClub downgraded Realty Income Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Finally, FBR & Co started coverage on Realty Income Corporation in a research report on Monday, July 17th. They issued a “market perform” rating and a $56.00 price target on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $65.43.
Realty Income Corporation (NYSE O) opened at 53.67 on Wednesday. The company has a 50-day moving average price of $56.89 and a 200-day moving average price of $56.79. Realty Income Corporation has a one year low of $52.72 and a one year high of $63.60. The stock has a market cap of $14.71 billion, a P/E ratio of 45.91 and a beta of 0.32.
Realty Income Corporation (NYSE:O) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The company had revenue of $306.90 million for the quarter, compared to the consensus estimate of $292.73 million. Realty Income Corporation had a return on equity of 5.11% and a net margin of 29.37%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same period last year, the business posted $0.72 earnings per share. On average, analysts anticipate that Realty Income Corporation will post $1.19 earnings per share for the current year.
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In related news, Director Gregory Mclaughlin sold 3,200 shares of Realty Income Corporation stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $58.85, for a total transaction of $188,320.00. Following the sale, the director now directly owns 15,986 shares of the company’s stock, valued at $940,776.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.30% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in O. Teachers Advisors LLC boosted its holdings in Realty Income Corporation by 117.3% during the first quarter. Teachers Advisors LLC now owns 699,538 shares of the real estate investment trust’s stock valued at $41,643,000 after purchasing an additional 377,577 shares in the last quarter. Gotham Asset Management LLC acquired a new stake in Realty Income Corporation during the first quarter valued at approximately $950,000. Nuveen Asset Management LLC boosted its holdings in Realty Income Corporation by 108.8% during the first quarter. Nuveen Asset Management LLC now owns 138,897 shares of the real estate investment trust’s stock valued at $8,269,000 after purchasing an additional 72,384 shares in the last quarter. DnB Asset Management AS boosted its holdings in Realty Income Corporation by 1.5% during the second quarter. DnB Asset Management AS now owns 27,600 shares of the real estate investment trust’s stock valued at $1,523,000 after purchasing an additional 400 shares in the last quarter. Finally, Xact Kapitalforvaltning AB boosted its holdings in Realty Income Corporation by 0.3% during the second quarter. Xact Kapitalforvaltning AB now owns 56,477 shares of the real estate investment trust’s stock valued at $3,116,000 after purchasing an additional 156 shares in the last quarter. 69.04% of the stock is currently owned by institutional investors.
Realty Income Corporation 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. As of December 31, 2016, the Company owned a diversified portfolio of 4,944 properties located in 49 states and Puerto Rico, with over 83.0 million square feet of leasable space leased to 248 different commercial tenants doing business in 47 separate industries.
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