Realty Income Corp (NYSE:O) – Capital One Financial increased their FY2021 earnings per share estimates for Realty Income in a research note issued on Monday, July 15th. Capital One Financial analyst C. Lucas now expects that the real estate investment trust will post earnings per share of $3.60 for the year, up from their prior forecast of $3.58. Capital One Financial has a “Equal Weight” rating on the stock.
O has been the topic of a number of other reports. Citigroup set a $74.00 price target on shares of Realty Income and gave the company a “hold” rating in a research note on Tuesday, June 11th. Zacks Investment Research downgraded shares of HEXO from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. 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 report on Thursday, April 4th. Wells Fargo & Co lowered shares of Biogen from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 21st. Finally, Morgan Stanley lifted their price objective on shares of Visa from $175.00 to $191.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $66.00.
NYSE:O opened at $70.10 on Wednesday. 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 52 week low of $54.68 and a 52 week high of $74.14. The company has a market capitalization of $22.00 billion, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 4.74 and a beta of 0.13. The business’s 50-day simple moving average is $71.06.
Realty Income (NYSE:O) last announced its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.43). The business had revenue of $354.40 million for the quarter, compared to analyst estimates of $335.37 million. Realty Income had a return on equity of 7.65% and a net margin of 28.70%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.
The business also recently disclosed a aug 19 dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a dividend of $0.2265 per share. The ex-dividend date is Wednesday, July 31st. Realty Income’s dividend payout ratio (DPR) is presently 85.27%.
In other news, Director Ronald Merriman sold 6,000 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $70.72, for a total transaction of $424,320.00. Following the completion of the transaction, the director now directly owns 18,075 shares in the company, valued at $1,278,264. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Benjamin N. Fox sold 2,631 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $70.70, for a total value of $186,011.70. Following the transaction, the executive vice president now owns 12,812 shares of the company’s stock, valued at $905,808.40. The disclosure for this sale can be found here. Insiders sold 19,460 shares of company stock valued at $1,366,521 in the last ninety days. 0.20% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allen Capital Group LLC increased its stake in Realty Income by 0.9% in the 1st quarter. Allen Capital Group LLC now owns 17,935 shares of the real estate investment trust’s stock worth $1,319,000 after acquiring an additional 154 shares during the last quarter. Sterling Investment Advisors Ltd. lifted its holdings in shares of Realty Income by 39.7% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 560 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 159 shares during the period. EP Wealth Advisors LLC lifted its holdings in shares of Realty Income by 1.0% in the 1st quarter. EP Wealth Advisors LLC now owns 16,710 shares of the real estate investment trust’s stock worth $1,229,000 after buying an additional 159 shares during the period. Advisory Services Network LLC lifted its stake in shares of Realty Income by 4.1% during the 4th quarter. Advisory Services Network LLC now owns 4,463 shares of the real estate investment trust’s stock worth $282,000 after purchasing an additional 174 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Realty Income by 3.0% during the 1st quarter. Victory Capital Management Inc. now owns 6,001 shares of the real estate investment trust’s stock worth $441,000 after purchasing an additional 174 shares during the last quarter. Institutional investors own 69.23% 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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