Realty Income (NYSE:O) Rating Lowered to Hold at ValuEngine

Realty Income (NYSE:O) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Thursday, ValuEngine reports.

Several other research analysts have also issued reports on O. Citigroup set a $74.00 target price on shares of Realty Income and gave the stock a “hold” rating in a research report on Tuesday, June 11th. Morgan Stanley boosted their price target on shares of Realty Income from $71.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 11th. Stifel Nicolaus boosted their price target on shares of Realty Income from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Zacks Investment Research downgraded shares of Realty Income from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. Finally, Capital One Financial raised shares of Realty Income from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, May 8th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Realty Income currently has a consensus rating of “Hold” and a consensus price target of $66.00.

Shares of O traded up $0.38 during mid-day trading on Thursday, reaching $70.05. 1,699,286 shares of the stock traded hands, compared to its average volume of 1,371,882. The business has a fifty day simple moving average of $70.41. The firm has a market cap of $21.90 billion, a P/E ratio of 21.96, a price-to-earnings-growth ratio of 5.28 and a beta of 0.12. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.80. Realty Income has a 1 year low of $55.55 and a 1 year high of $74.14.

Realty Income (NYSE:O) last announced its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.43). Realty Income had a return on equity of 7.65% and a net margin of 28.70%. The company had revenue of $354.40 million during the quarter, compared to analysts’ expectations of $335.37 million. During the same quarter last year, the firm posted $0.29 earnings per share. The firm’s revenue was up 11.3% on a year-over-year basis. Equities analysts anticipate that Realty Income will post 3.29 EPS for the current fiscal year.

In other Realty Income news, EVP Benjamin N. Fox sold 2,631 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $70.70, for a total value of $186,011.70. Following the sale, the executive vice president now owns 12,812 shares in the company, valued at $905,808.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michael R. Pfeiffer sold 10,829 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $69.83, for a total transaction of $756,189.07. Following the completion of the sale, the executive vice president now owns 29,163 shares in the company, valued at approximately $2,036,452.29. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,460 shares of company stock valued at $1,366,521. 0.20% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in O. Ronna Sue Cohen grew its holdings in Realty Income by 7,231.1% in the first quarter. Ronna Sue Cohen now owns 3,706,904 shares of the real estate investment trust’s stock worth $3,707,000 after purchasing an additional 3,656,340 shares during the period. Janus Henderson Group PLC grew its holdings in Realty Income by 339.0% in the first quarter. Janus Henderson Group PLC now owns 1,824,868 shares of the real estate investment trust’s stock worth $134,237,000 after purchasing an additional 1,409,164 shares during the period. Centersquare Investment Management LLC grew its holdings in Realty Income by 115.0% in the first quarter. Centersquare Investment Management LLC now owns 1,784,323 shares of the real estate investment trust’s stock worth $131,255,000 after purchasing an additional 954,522 shares during the period. Geode Capital Management LLC grew its holdings in Realty Income by 15.5% in the fourth quarter. Geode Capital Management LLC now owns 4,164,413 shares of the real estate investment trust’s stock worth $262,101,000 after purchasing an additional 558,730 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Realty Income by 34.4% during the first quarter. Daiwa Securities Group Inc. now owns 2,104,397 shares of the real estate investment trust’s stock valued at $154,799,000 after buying an additional 539,094 shares during the last quarter. Institutional investors and hedge funds own 68.96% of the company’s stock.

Realty Income Company Profile

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 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

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Analyst Recommendations for Realty Income (NYSE:O)

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