Shares of Realty Income Co. (NYSE:O – Get Free Report) have received a consensus rating of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $61.91.
Several brokerages have recently weighed in on O. BNP Paribas raised shares of Realty Income from a “neutral” rating to an “outperform” rating and set a $63.00 price target on the stock in a research report on Wednesday, December 13th. Wolfe Research raised shares of Realty Income from a “peer perform” rating to an “outperform” rating and set a $66.00 target price on the stock in a research report on Wednesday, December 6th. Stifel Nicolaus decreased their target price on shares of Realty Income from $69.50 to $67.50 and set a “buy” rating on the stock in a research report on Tuesday, November 7th. StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Finally, Mizuho boosted their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of O. Vanguard Group Inc. increased its position in shares of Realty Income by 3.9% in the third quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock valued at $5,537,019,000 after buying an additional 4,172,231 shares in the last quarter. BlackRock Inc. increased its position in Realty Income by 4.3% during the 2nd quarter. BlackRock Inc. now owns 61,840,542 shares of the real estate investment trust’s stock worth $3,697,446,000 after purchasing an additional 2,523,432 shares in the last quarter. State Street Corp increased its position in Realty Income by 5.0% during the 2nd quarter. State Street Corp now owns 51,642,575 shares of the real estate investment trust’s stock worth $3,100,637,000 after purchasing an additional 2,460,053 shares in the last quarter. Cohen & Steers Inc. increased its position in Realty Income by 4.3% during the 2nd quarter. Cohen & Steers Inc. now owns 45,307,933 shares of the real estate investment trust’s stock worth $2,709,100,000 after purchasing an additional 1,861,224 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Realty Income by 13.6% in the 4th quarter. Morgan Stanley now owns 18,951,549 shares of the real estate investment trust’s stock worth $1,202,097,000 after buying an additional 2,273,591 shares during the last quarter. Hedge funds and other institutional investors own 78.82% of the company’s stock.
Realty Income Price Performance
Shares of NYSE O opened at $52.67 on Thursday. The firm has a market cap of $38.13 billion, a PE ratio of 39.90, a PEG ratio of 3.94 and a beta of 0.94. The firm has a fifty day moving average of $56.26 and a 200 day moving average of $54.46. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.55 and a current ratio of 1.55. Realty Income has a one year low of $45.03 and a one year high of $67.35.
Realty Income Announces Dividend
The company also recently disclosed a feb 24 dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be issued a $0.2565 dividend. This represents a dividend yield of 5.2%. The ex-dividend date of this dividend is Wednesday, January 31st. Realty Income’s payout ratio is currently 233.33%.
Realty Income Company Profile
Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 13,250 real estate properties primarily owned under long-term net lease agreements with commercial clients.
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