Real Estate Income (NYSE:O – Get a Grade) saw its price target raised by stock analysts Raymond James from $76.00 to $82.00 in a report on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on shares of the real estate investment trust. Raymond James’ price target suggests a potential upside of 18.88% from the company’s current price.
O has been the subject of several other reports. Morgan Stanley lowered its target price on Realty Income shares from $78.00 to $77.00 and set an “overweight” rating on the stock in a Thursday, May 26 research note. Capital One Financial reiterated an “equal weight” rating on Realty Income shares in a Monday, April 25 research note. Credit Suisse Group launched a hedge on Realty Income shares in a Wednesday, June 22 research note. They issued an “outperform” rating and a target price of $75.00 on the stock. StockNews.com downgraded shares of Realty Income from a “hold” rating to a “sell” rating in a Friday, June 10 report. Finally, Jefferies Financial Group cut its price target on Realty Income shares from $81.00 to $78.00 in a Thursday, June 30 report. One investment analyst gave the stock a sell rating, four gave the company a hold rating and five gave the company a buy rating. According to data from MarketBeat, Realty Income currently has an average rating of “Hold” and an average target price of $77.29.
Shares of O shares opened at $68.98 on Friday. The stock has a market capitalization of $41.50 billion, a P/E ratio of 67.63, a PEG ratio of 4.96 and a beta of 0.70. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt ratio of 0.62. The company’s 50-day moving average is $67.32 and its 200-day moving average is $68.52. Realty Income has a 12 month low of $62.28 and a 12 month high of $75.40.
Realty Income (NYSE:O – Get Rating) last released its results on Wednesday, May 4. The real estate investment trust reported earnings per share (EPS) of $0.34 for the quarter, missing the consensus estimate of $0.97 per ($0.63). Realty Income had a return on equity of 2.44% and a net margin of 18.91%. The company posted revenue of $807.30 million in the quarter, compared to $748.69 million expected by analysts. In the same quarter of the previous year, the company had earned earnings per share of $0.86. The company’s revenue for the quarter increased by 82.3% compared to the same quarter last year. On average, stock analysts predict that Realty Income will post 3.92 EPS for the current year.
A number of institutional investors have recently changed their positions in the company. TFG Advisers LLC increased its position in Realty Income shares by 1.1% in the first quarter. TFG Advisers LLC now owns 12,286 shares of the real estate investment trust worth $851,000 after purchasing an additional 134 shares during the period. SignalPoint Asset Management LLC increased its position in Realty Income stocks by 2.3% in the fourth quarter. SignalPoint Asset Management LLC now owns 6,589 shares of the real estate investment trust worth $471,000 after purchasing an additional 151 shares during the period. Larson Financial Group LLC increased its position in Realty Income stocks by 36.3% in the fourth quarter. Larson Financial Group LLC now owns 567 shares of the real estate investment trust worth $41,000 after purchasing an additional 151 shares during the period. Whittier Trust Co. increased its position in Realty Income by 8.1% during the fourth quarter. Whittier Trust Co. now owns 2,074 shares of the real estate investment trust valued at $148,000 after acquiring 156 additional shares during the period. Finally, Strategic Wealth Investment Group LLC strengthened its position in Realty Income by 3.5% during the 4th quarter. Strategic Wealth Investment Group LLC now owns 4,687 shares of the real estate investment trust valued at $336,000 after acquiring an additional 159 shares during the period. 76.46% of the shares are currently held by institutional investors and hedge funds.
About real estate income (Get an evaluation)
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.
Get news and reviews for Realty Income Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Realty Income and related companies with MarketBeat.com’s free daily email newsletter.