Realty Income Corporation (O) Upgraded by Vetr Inc. to Buy

Vetr upgraded shares of Realty Income Corporation (NYSE:O) from a hold rating to a buy rating in a research note issued to investors on Thursday. The brokerage currently has $58.60 price target on the real estate investment trust’s stock.

A number of other research analysts have also recently commented on the company. UBS AG upgraded Realty Income Corporation from a sell rating to a neutral rating and raised their target price for the company from $52.00 to $57.00 in a research note on Friday, September 8th. Ladenburg Thalmann Financial Services reiterated a hold rating on shares of Realty Income Corporation in a research note on Thursday, July 27th. Canaccord Genuity started coverage on Realty Income Corporation in a research note on Tuesday, July 18th. They set a buy rating and a $61.00 price objective for the company. Morgan Stanley lifted their price objective on Realty Income Corporation from $91.00 to $95.00 and gave the company an overweight rating in a research note on Monday, July 17th. Finally, FBR & Co started coverage on Realty Income Corporation in a research note on Monday, July 17th. They set a market perform rating and a $56.00 price objective for the company. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Realty Income Corporation currently has an average rating of Hold and a consensus price target of $63.80.

Shares of Realty Income Corporation (NYSE O) traded down 1.19% during trading on Thursday, hitting $55.54. The stock had a trading volume of 1,690,234 shares. The firm has a 50 day moving average price of $57.71 and a 200-day moving average price of $57.14. The stock has a market capitalization of $15.22 billion, a price-to-earnings ratio of 47.51 and a beta of 0.32. Realty Income Corporation has a 52 week low of $52.72 and a 52 week high of $63.60.

Realty Income Corporation (NYSE:O) last released its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.76. The company had revenue of $300.20 million during the quarter, compared to analysts’ expectations of $289.86 million. Realty Income Corporation had a return on equity of 5.14% and a net margin of 29.19%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.70 EPS. On average, equities research analysts forecast that Realty Income Corporation will post $1.19 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Realty Income Corporation (O) Upgraded by Vetr Inc. to Buy” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://ledgergazette.com/2017/10/20/realty-income-corporation-o-upgraded-by-vetr-inc-to-buy.html.

The business also recently disclosed a nov 17 dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a dividend of $0.212 per share. This represents a yield of 4.49%. The ex-dividend date is Tuesday, October 31st. Realty Income Corporation’s payout ratio is 217.09%.

In other news, Director Gregory Mclaughlin sold 3,200 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $58.85, for a total value of $188,320.00. Following the completion of the transaction, the director now owns 15,986 shares in the company, valued at $940,776.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Realty Income Corporation by 314.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,927 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 1,462 shares during the period. Harbour Capital Advisors LLC bought a new stake in shares of Realty Income Corporation in the first quarter worth $119,000. Bessemer Group Inc. grew its holdings in shares of Realty Income Corporation by 42.1% in the second quarter. Bessemer Group Inc. now owns 2,200 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 652 shares during the period. Founders Capital Management grew its holdings in shares of Realty Income Corporation by 34.9% in the second quarter. Founders Capital Management now owns 2,435 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 630 shares during the period. Finally, IHT Wealth Management LLC grew its holdings in shares of Realty Income Corporation by 6.1% in the first quarter. IHT Wealth Management LLC now owns 2,501 shares of the real estate investment trust’s stock worth $149,000 after acquiring an additi

A number of other research analysts have also recently commented on the company. UBS AG upgraded Realty Income Corporation from a sell rating to a neutral rating and raised their target price for the company from $52.00 to $57.00 in a research note on Friday, September 8th. Ladenburg Thalmann Financial Services reiterated a hold rating on shares of Realty Income Corporation in a research note on Thursday, July 27th. Canaccord Genuity started coverage on Realty Income Corporation in a research note on Tuesday, July 18th. They set a buy rating and a $61.00 price objective for the company. Morgan Stanley lifted their price objective on Realty Income Corporation from $91.00 to $95.00 and gave the company an overweight rating in a research note on Monday, July 17th. Finally, FBR & Co started coverage on Realty Income Corporation in a research note on Monday, July 17th. They set a market perform rating and a $56.00 price objective for the company. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Realty Income Corporation currently has an average rating of Hold and a consensus price target of $63.80.

Shares of Realty Income Corporation (NYSE O) traded down 1.19% during trading on Thursday, hitting $55.54. The stock had a trading volume of 1,690,234 shares. The firm has a 50 day moving average price of $57.71 and a 200-day moving average price of $57.14. The stock has a market capitalization of $15.22 billion, a price-to-earnings ratio of 47.51 and a beta of 0.32. Realty Income Corporation has a 52 week low of $52.72 and a 52 week high of $63.60.

Realty Income Corporation (NYSE:O) last released its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.76. The company had revenue of $300.20 million during the quarter, compared to analysts’ expectations of $289.86 million. Realty Income Corporation had a return on equity of 5.14% and a net margin of 29.19%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.70 EPS. On average, equities research analysts forecast that Realty Income Corporation will post $1.19 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Realty Income Corporation (O) Upgraded by Vetr Inc. to Buy” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://ledgergazette.com/2017/10/20/realty-income-corporation-o-upgraded-by-vetr-inc-to-buy.html.

The business also recently disclosed a nov 17 dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a dividend of $0.212 per share. This represents a yield of 4.49%. The ex-dividend date is Tuesday, October 31st. Realty Income Corporation’s payout ratio is 217.09%.

In other news, Director Gregory Mclaughlin sold 3,200 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $58.85, for a total value of $188,320.00. Following the completion of the transaction, the director now owns 15,986 shares in the company, valued at $940,776.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Realty Income Corporation by 314.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,927 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 1,462 shares during the period. Harbour Capital Advisors LLC bought a new stake in shares of Realty Income Corporation in the first quarter worth $119,000. Bessemer Group Inc. grew its holdings in shares of Realty Income Corporation by 42.1% in the second quarter. Bessemer Group Inc. now owns 2,200 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 652 shares during the period. Founders Capital Management grew its holdings in shares of Realty Income Corporation by 34.9% in the second quarter. Founders Capital Management now owns 2,435 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 630 shares during the period. Finally, IHT Wealth Management LLC grew its holdings in shares of Realty Income Corporation by 6.1% in the first quarter. IHT Wealth Management LLC now owns 2,501 shares of the real estate investment trust’s stock worth $149,000 after acquiring an additional 143 shares during the period. Hedge funds and other institutional investors own 68.95% 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.

Analyst Recommendations for Realty Income Corporation (NYSE:O)

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