BidaskClub upgraded shares of Realty Income Corporation (NYSE:O) from a sell rating to a hold rating in a research note issued to investors on Saturday.

Analyst Recommendations for Realty Income Corporation (NYSE:O)

Shares of Realty Income Corporation (NYSE O) traded down 0.42% during trading on Friday, reaching $56.67. The company’s stock had a trading volume of 2,831,773 shares. Realty Income Corporation has a 1-year low of $52.72 and a 1-year high of $72.30. The stock has a market capitalization of $15.47 billion, a price-to-earnings ratio of 49.36 and a beta of 0.36. The company’s 50-day moving average price is $55.60 and its 200 day moving average price is $58.16.

Realty Income Corporation (NYSE:O) last posted its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.01. Realty Income Corporation had a net margin of 29.47% and a return on equity of 5.16%. The firm had revenue of $298.03 million during the quarter, compared to analyst estimates of $281.11 million. During the same quarter in the prior year, the business posted $0.70 earnings per share. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. Analysts anticipate that Realty Income Corporation will post $1.23 EPS for the current year.

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The firm also recently declared a monthly dividend, which will be paid on Friday, July 14th. Investors of record on Monday, July 3rd will be given a $0.2115 dividend. This represents a $2.54 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend is Thursday, June 29th. This is a positive change from Realty Income Corporation’s previous monthly dividend of $0.21. Realty Income Corporation’s dividend payout ratio is 221.93%.

In related news, SVP Benjamin N. Fox sold 1,847 shares of the stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $59.55, for a total value of $109,988.85. Following the completion of the transaction, the senior vice president now owns 17,432 shares of the company’s stock, valued at $1,038,075.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregory Mclaughlin sold 1,875 shares of the stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $59.00, for a total transaction of $110,625.00. Following the completion of the transaction, the director now directly owns 15,186 shares of the company’s stock, valued at approximately $895,974. The disclosure for this sale can be found here. Insiders sold 77,241 shares of company stock valued at $4,617,465 in the last three months. Company insiders own 0.30% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in Realty Income Corporation during the fourth quarter valued at $11,654,000. Bessemer Group Inc. raised its stake in Realty Income Corporation by 10,596.0% in the fourth quarter. Bessemer Group Inc. now owns 2,674 shares of the real estate investment trust’s stock valued at $154,000 after buying an additional 2,649 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Realty Income Corporation by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,824 shares of the real estate investment trust’s stock valued at $852,000 after buying an additional 56 shares during the last quarter. Baird Financial Group Inc. raised its stake in Realty Income Corporation by 4.3% in the fourth quarter. Baird Financial Group Inc. now owns 20,190 shares of the real estate investment trust’s stock valued at $1,161,000 after buying an additional 837 shares during the last quarter. Finally, Elkfork Partners LLC purchased a new stake in Realty Income Corporation during the fourth quarter valued at $1,485,000. 69.20% of the stock is owned by institutional investors.

About Realty Income Corporation

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.

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