Realty Income Co. (NYSE:O) Receives Average “Moderate Buy” Rating From Brokerages

Realty Income Co. (NYSE:O – Get a rating) earned a consensus “moderate buy” recommendation from the eleven analysts who cover the company, Marketbeat.com reports. Four investment analysts gave the stock a hold rating and four gave the company a buy rating. The 1-year average price target among brokerages that have hedged the stock over the past year is $77.14.

A number of analysts have recently commented on the company. Credit Suisse Group took over the coverage of property income in a report on Wednesday, June 22. They set an “outperform” rating and a price target of $75.00 for the company. TheStreet upgraded Realty Income shares from a “c+” rating to a “b” rating in a Wednesday, May 4 research report. Raymond James raised his price target on Realty Income shares from $76.00 to $82.00 and gave the stock an “outperform” rating in a Friday, July 8 research report. Wolfe Research downgraded Realty Income shares from an “outperform” rating to a “market perform” rating and set a price target of $73.00 for the company. in a research report on Monday, May 23. Finally, Jefferies Financial Group cut its price target on Realty Income shares from $81.00 to $78.00 in a Thursday, June 30 research report.

Real estate income is trading down 0.6%

Shares of O opened at $68.28 on Thursday. The stock has a fifty-day moving average of $71.07 and a two-hundred-day moving average of $69.02. The company has a debt ratio of 0.60, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $41.08 billion, a PE ratio of 64.42, a growth price-earnings ratio of 4.54 and a beta of 0.71. Realty Income has a fifty-two week low of $62.28 and a fifty-two week high of $75.40.

Realty Income Announces Dividend

The company also recently declared a September 22 dividend, which will be paid on Thursday, September 15. Shareholders of record on Thursday, September 1 will receive a dividend of $0.2475. The ex-date of this dividend is Wednesday, August 31. Realty Income’s payout ratio is currently 280.19%.

Institutional investors weigh on real estate income

Several large investors have recently changed their positions in the company. AE Wealth Management LLC increased its holdings of Realty Income shares by 10.1% in the first quarter. AE Wealth Management LLC now owns 58,974 shares of the real estate investment trust valued at $4,087,000 after acquiring 5,413 additional shares last quarter. Strategic Wealth Advisors Group LLC increased its holdings of Realty Income shares by 46.3% in the first quarter. Strategic Wealth Advisors Group LLC now owns 30,438 shares of the real estate investment trust worth $2,114,000 after acquiring 9,637 additional shares in the last quarter. Van ECK Associates Corp increased its holdings in Realty Income by 7.8% in the first quarter. Van ECK Associates Corp now owns 279,535 shares of the real estate investment trust worth $19,372,000 after buying an additional 20,260 shares last quarter. Commonwealth Equity Services LLC increased its holdings in Realty Income by 5.7% in the first quarter. Commonwealth Equity Services LLC now owns 313,486 shares of the real estate investment trust worth $21,724,000 after buying an additional 16,935 shares last quarter. Finally, Commerce Bank increased its holdings in Realty Income by 7.5% during the fourth quarter. Commerce Bank now owns 25,792 shares of the real estate investment trust worth $1,847,000 after buying an additional 1,794 shares last quarter. Institutional investors and hedge funds hold 81.57% of the company’s shares.

About real estate income

(Get a rating)

Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing shareholders with reliable monthly income. The company is structured as a REIT and its monthly dividends are supported by cash flow from over 6,500 real estate properties held under long-term lease agreements with our commercial customers.

Recommended Stories

Analyst Recommendations for Real Estate Income (NYSE:O)

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

Before you consider real estate income, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Realty Income wasn’t on the list.

Although Realty Income currently has a “moderate buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here