Brokerages Set Realty Income Co. (NYSE:O) Target Price at $76.50

Shares of Realty Income Co. (NYSE:O – Get Rating) have earned a consensus rating of “Hold” from the ten research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $76.50.

A number of analysts have commented on the company. StockNews.com cut Realty Income from a “hold” rating to a “sell” rating in a research report on Friday, June 10th. Wolfe Research cut Realty Income from an “outperform” rating to a “market perform” rating and set a $73.00 price target for the company. in a research report on Monday, May 23rd. TheStreet upgraded Realty Income from a “c+” rating to a “b” rating in a research report on Wednesday, May 4th. Credit Suisse Group assumed coverage on Realty Income in a research report on Wednesday. They issued an “outperform” rating for the company. Finally, Capital One Financial restated an “equal weight” rating on shares of Realty Income in a research report on Monday, April 25th.

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Realty Income by 51.4% in the fourth quarter. BlackRock Inc. now owns 55,379,435 shares of the real estate investment trust’s stock worth $3,964,611,000 after purchasing an additional 18,809,122 shares during the last quarter. State Street Corp increased its position in Realty Income by 44.3% in the fourth quarter. State Street Corp now owns 41,784,931 shares of the real estate investment trust’s stock worth $3,001,512,000 after purchasing an additional 12,823,641 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Realty Income by 951.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 7,222,405 shares of the real estate investment trust’s stock worth $517,052,000 after purchasing an additional 6,535,728 shares during the last quarter. Norges Bank bought a new stake in Realty Income in the fourth quarter worth $376,586,000. Finally, Geode Capital Management LLC increased its position in Realty Income by 51.6% in the fourth quarter. Geode Capital Management LLC now owns 12,664,560 shares of the real estate investment trust’s stock worth $904,757,000 after purchasing an additional 4,310,531 shares during the last quarter. Hedge funds and other institutional investors own 76.46% of the company’s stock.

O stock opened at $66.39 on Friday. Realty Income has a fifty-two week low of $62.28 and a fifty-two week high of $75.40. The business’s 50-day moving average is $68.19 and its two-hundred day moving average is $68.41. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.03 and a current ratio of 2.03. The company has a market cap of $39.94 billion, a price-to-earnings ratio of 65.09, a P/E/G ratio of 4.68 and a beta of 0.74.

Realty Income (NYSE:O – Get Rating) last posted its earnings results on Wednesday, May 4th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.63). Realty Income had a net margin of 18.91% and a return on equity of 2.44%. The firm had revenue of $807.30 million during the quarter, compared to the consensus estimate of $748.69 million. During the same period in the prior year, the company posted $0.86 EPS. The firm’s revenue was up 82.3% compared to the same quarter last year. Equities analysts predict that Realty Income will post 3.92 earnings per share for the current year.

The firm also recently announced a jul 22 dividend, which will be paid on Friday, July 15th. Investors of record on Friday, July 1st will be given a dividend of $0.2475 per share. The ex-dividend date is Thursday, June 30th. Realty Income’s dividend payout ratio is currently 290.20%.

About Realty Income (Get Rating)

Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with our commercial clients.

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