Shares of Realty Income Co. (NYSE:O – Get Rating) have been assigned an average recommendation of "Hold" from the eleven brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $72.57.

O has been the topic of several recent research reports. StockNews.com initiated coverage on Realty Income in a report on Thursday. They set a "sell" rating on the stock. Raymond James cut Realty Income from an "outperform" rating to a "market perform" rating in a report on Monday, January 9th. Royal Bank of Canada boosted their target price on Realty Income from $68.00 to $70.00 and gave the company an "outperform" rating in a research report on Thursday, February 23rd. Mizuho cut their target price on Realty Income from $69.00 to $66.00 and set a "neutral" rating on the stock in a research report on Thursday, March 9th. Finally, BNP Paribas initiated coverage on Realty Income in a research report on Tuesday, January 17th. They set a "neutral" rating and a $72.00 target price on the stock.

Institutional Investors Weigh In On Realty Income

A number of hedge funds have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. lifted its stake in shares of Realty Income by 16.9% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 10,478 shares of the real estate investment trust's stock worth $667,000 after purchasing an additional 1,513 shares during the last quarter. Mather Group LLC. lifted its stake in shares of Realty Income by 7.0% during the 4th quarter. Mather Group LLC. now owns 7,779 shares of the real estate investment trust's stock worth $493,000 after purchasing an additional 508 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Realty Income by 8.1% during the 4th quarter. Victory Capital Management Inc. now owns 722,326 shares of the real estate investment trust's stock worth $45,817,000 after purchasing an additional 54,210 shares during the last quarter. Financial Alternatives Inc purchased a new stake in shares of Realty Income during the 4th quarter worth $720,000. Finally, Oliver Lagore Vanvalin Investment Group lifted its stake in shares of Realty Income by 17.3% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 1,438 shares of the real estate investment trust's stock worth $91,000 after purchasing an additional 212 shares during the last quarter. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Stock Down 1.7 %

NYSE O opened at $61.38 on Monday. The stock's 50 day moving average is $65.62 and its 200 day moving average is $63.75. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.63. Realty Income has a 12 month low of $55.50 and a 12 month high of $75.40. The stock has a market cap of $40.54 billion, a PE ratio of 43.23, a P/E/G ratio of 5.09 and a beta of 0.79.

Realty Income (NYSE:O – Get Rating) last posted its quarterly earnings results on Tuesday, February 21st. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.98 by ($0.62). Realty Income had a return on equity of 3.14% and a net margin of 26.00%. The business had revenue of $888.65 million during the quarter, compared to analysts' expectations of $840.57 million. During the same period in the prior year, the firm posted $0.94 earnings per share. The firm's revenue for the quarter was up 29.7% on a year-over-year basis. Research analysts predict that Realty Income will post 4.09 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a mar 23 dividend, which will be paid on Friday, April 14th. Stockholders of record on Monday, April 3rd will be given a dividend of $0.255 per share. This is an increase from Realty Income's previous mar 23 dividend of $0.25. The ex-dividend date of this dividend is Friday, March 31st. This represents a dividend yield of 4.8%. Realty Income's dividend payout ratio is presently 214.79%.

Realty Income Company Profile

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Realty Income Corp. is a real estate company, which engages in generating dependable monthly cash dividends from a consistent and predictable level of cash flow from operations. The company was founded by William E. Clark, Jr. and Evelyn Joan Clark in 1969 and is headquartered in San Diego, CA.

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