Analysts Set Realty Income Co. (NYSE:O) PT at $71.33

Realty Income Co. (NYSE:O) has been given a consensus recommendation of “Buy” by the thirteen ratings firms that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $71.75.

A number of equities research analysts have weighed in on O shares. Mizuho upgraded Realty Income from a “neutral” rating to a “buy” rating and set a $77.00 price objective for the company in a research note on Thursday, June 3rd. BMO Capital Markets cut Realty Income from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 6th. Finally, Morgan Stanley boosted their price objective on Realty Income from $74.00 to $81.00 and gave the company an “overweight” rating in a research note on Thursday, June 3rd.

O traded down $0.97 on Tuesday, reaching $70.11. The company’s stock had a trading volume of 45,293 shares, compared to its average volume of 3,200,850. The business has a 50 day simple moving average of $67.71. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $26.19 billion, a P/E ratio of 72.29, a price-to-earnings-growth ratio of 5.09 and a beta of 0.73. Realty Income has a fifty-two week low of $56.33 and a fifty-two week high of $71.84.

Realty Income (NYSE:O) last announced its quarterly earnings results on Sunday, May 2nd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.04). The business had revenue of $442.80 million during the quarter, compared to analyst estimates of $413.59 million. Realty Income had a net margin of 20.51% and a return on equity of 3.17%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the company earned $0.88 earnings per share. On average, research analysts forecast that Realty Income will post 3.44 EPS for the current year.

The firm also recently disclosed a may 21 dividend, which will be paid on Tuesday, June 15th. Shareholders of record on Tuesday, June 1st will be given a $0.235 dividend. This represents a yield of 4.2%. The ex-dividend date of this dividend is Friday, May 28th. Realty Income’s payout ratio is 83.19%.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in Realty Income by 4.5% in the first quarter. BlackRock Inc. now owns 35,817,931 shares of the real estate investment trust’s stock worth $2,274,440,000 after acquiring an additional 1,536,242 shares in the last quarter. Geode Capital Management LLC grew its holdings in Realty Income by 7.2% in the first quarter. Geode Capital Management LLC now owns 7,587,916 shares of the real estate investment trust’s stock valued at $480,746,000 after purchasing an additional 508,922 shares during the last quarter. Northern Trust Corp grew its holdings in Realty Income by 6.4% in the first quarter. Northern Trust Corp now owns 5,959,649 shares of the real estate investment trust’s stock valued at $378,438,000 after purchasing an additional 357,165 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Realty Income by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 5,787,461 shares of the real estate investment trust’s stock valued at $367,509,000 after purchasing an additional 207,983 shares during the last quarter. Finally, Morgan Stanley grew its holdings in Realty Income by 44.1% in the first quarter. Morgan Stanley now owns 5,198,902 shares of the real estate investment trust’s stock valued at $330,130,000 after purchasing an additional 1,591,195 shares during the last quarter. Hedge funds and other institutional investors own 70.30% 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 6,500 real estate properties owned under long-term lease agreements with our commercial clients.

Featured Article: Blue-Chip Stocks

Analyst Recommendations for Realty Income (NYSE:O)

Receive News & Ratings for Realty Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income and related companies with MarketBeat.com's FREE daily email newsletter.