B. Riley set a $56.00 price target on Realty Income (NYSE:O) in a report released on Thursday. The brokerage currently has a hold rating on the real estate investment trust’s stock. B. Riley also issued estimates for Realty Income’s Q3 2018 earnings at $0.79 EPS, Q1 2019 earnings at $0.79 EPS and FY2019 earnings at $3.20 EPS.
A number of other research firms have also recently commented on O. Stifel Nicolaus reaffirmed a buy rating and set a $65.00 target price on shares of Realty Income in a research note on Wednesday, November 1st. FBR & Co set a $56.00 target price on Realty Income and gave the company a hold rating in a research note on Thursday, October 26th. Raymond James Financial raised Realty Income from an underperform rating to a market perform rating in a research note on Wednesday, December 20th. Citigroup raised Realty Income to a market perform rating in a research note on Wednesday, December 20th. They noted that the move was a valuation call. Finally, Ladenburg Thalmann Financial Services reaffirmed a hold rating on shares of Realty Income in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Realty Income currently has an average rating of Hold and a consensus target price of $63.37.
Shares of Realty Income (O) traded up $0.31 during midday trading on Thursday, reaching $49.61. The company’s stock had a trading volume of 572,201 shares, compared to its average volume of 2,504,675. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.78. Realty Income has a 52 week low of $47.25 and a 52 week high of $63.60. The company has a market capitalization of $13,635.60, a PE ratio of 44.67, a P/E/G ratio of 3.50 and a beta of 0.14.
The company also recently disclosed a mar 18 dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a $0.219 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a yield of 5.32%. Realty Income’s dividend payout ratio (DPR) is currently 236.94%.
A number of large investors have recently made changes to their positions in O. Lord Abbett & CO. LLC grew its stake in Realty Income by 1.5% in the second quarter. Lord Abbett & CO. LLC now owns 61,100 shares of the real estate investment trust’s stock worth $3,371,000 after purchasing an additional 900 shares in the last quarter. Eqis Capital Management Inc. grew its stake in Realty Income by 21.9% in the third quarter. Eqis Capital Management Inc. now owns 5,174 shares of the real estate investment trust’s stock worth $296,000 after purchasing an additional 928 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in Realty Income by 6.3% in the third quarter. Mutual of America Capital Management LLC now owns 35,224 shares of the real estate investment trust’s stock worth $2,014,000 after purchasing an additional 2,082 shares in the last quarter. Nationwide Fund Advisors grew its stake in Realty Income by 1.7% in the third quarter. Nationwide Fund Advisors now owns 76,978 shares of the real estate investment trust’s stock worth $4,402,000 after purchasing an additional 1,290 shares in the last quarter. Finally, Cue Financial Group Inc. grew its stake in Realty Income by 52.1% in the third quarter. Cue Financial Group Inc. now owns 18,739 shares of the real estate investment trust’s stock worth $1,072,000 after purchasing an additional 6,419 shares in the last quarter. 70.77% of the stock is currently owned by institutional investors.
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Realty Income 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.
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