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.
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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