Ladenburg Thalmann Financial Services Reiterates Hold Rating for Realty Income Corporation (NYSE:O)

Ladenburg Thalmann Financial Services reaffirmed their hold rating on shares of Realty Income Corporation (NYSE:O) in a research report report published on Thursday, July 27th.

Several other analysts also recently commented on O. Zacks Investment Research downgraded shares of Realty Income Corporation from a hold rating to a sell rating in a research report on Wednesday, June 28th. Morgan Stanley boosted their target price on shares of Realty Income Corporation from $91.00 to $95.00 and gave the stock an overweight rating in a research report on Monday, July 17th. BidaskClub raised shares of Realty Income Corporation from a sell rating to a hold rating in a research report on Saturday, June 17th. Canaccord Genuity assumed coverage on shares of Realty Income Corporation in a research note on Tuesday, July 18th. They issued a buy rating and a $61.00 price objective for the company. Finally, Stifel Nicolaus restated a buy rating and issued a $65.00 price objective on shares of Realty Income Corporation in a research note on Friday, July 14th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Realty Income Corporation presently has an average rating of Hold and a consensus target price of $63.68.

Realty Income Corporation (NYSE O) traded up 0.3387% during trading on Thursday, hitting $57.4941. The company’s stock had a trading volume of 1,086,831 shares. The firm has a market cap of $15.76 billion, a PE ratio of 49.1823 and a beta of 0.32. Realty Income Corporation has a one year low of $52.72 and a one year high of $69.54. The company has a 50-day moving average of $56.17 and a 200 day moving average of $58.05.

Realty Income Corporation (NYSE:O) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.76 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.76. Realty Income Corporation had a net margin of 29.19% and a return on equity of 5.14%. The firm had revenue of $300.20 million for the quarter, compared to the consensus estimate of $289.86 million. During the same period in the previous year, the firm posted $0.70 earnings per share. The firm’s revenue was up 10.8% on a year-over-year basis. On average, equities analysts forecast that Realty Income Corporation will post $1.20 earnings per share for the current year.

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The company also recently announced a aug 17 dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be issued a $0.2115 dividend. This represents a dividend yield of 4.63%. The ex-dividend date is Friday, July 28th. Realty Income Corporation’s payout ratio is 217.09%.

In other Realty Income Corporation news, Director Priya Cherian Huskins sold 8,000 shares of the stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $56.23, for a total transaction of $449,840.00. Following the sale, the director now owns 20,513 shares of the company’s stock, valued at approximately $1,153,445.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Realty Income Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 45,979,764 shares of the real estate investment trust’s stock valued at $2,737,174,000 after buying an additional 1,876,658 shares during the period. BlackRock Inc. increased its stake in shares of Realty Income Corporation by 2,423.9% in the first quarter. BlackRock Inc. now owns 26,120,005 shares of the real estate investment trust’s stock valued at $1,554,926,000 after buying an additional 25,085,115 shares during the period. State Street Corp increased its stake in shares of Realty Income Corporation by 9.6% in the first quarter. State Street Corp now owns 17,691,072 shares of the real estate investment trust’s stock valued at $1,053,156,000 after buying an additional 1,545,797 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Realty Income Corporation by 226.0% in the first quarter. JPMorgan Chase & Co. now owns 5,299,990 shares of the real estate investment trust’s stock valued at $315,509,000 after buying an additional 3,674,028 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Realty Income Corporation by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,516,493 shares of the real estate investment trust’s stock valued at $209,333,000 after buying an additional 90,203 shares during the period. Institutional investors and hedge funds own 68.74% of the company’s stock.

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.