Real Estate Income (NYSE:O – Get a rating) had its price target raised by investment analysts Raymond James from $76.00 to $82.00 in a research report released on Friday, Benzinga reports. The company currently has an “outperform” rating on shares of the real estate investment trust. Raymond James’ price target indicates a potential upside of 19.20% from the current stock price.
O has been the subject of several other research reports. Morgan Stanley cut its price target on Realty Income shares from $78.00 to $77.00 and set an “overweight” rating for the company in a Thursday, May 26 research report. Capital One Financial restated an “equal weight” rating on Realty Income shares in a Monday, April 25 research report. Credit Suisse Group launched a hedge on the shares of Realty Income in a research report on Wednesday, June 22. They issued 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. Finally, Wolfe Research downgraded Realty Income shares from an “outperform” rating to a “market performer” rating and set a price target of $73.00 for the stock. in a Monday May 23 research note. An equity research analyst rated the stock with a sell rating, four gave the company a hold rating and five gave the company a buy rating. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $77.29.
O stock opened at $68.79 on Friday. Realty Income has a 12 month low of $62.28 and a 12 month high of $75.40. The company has a market capitalization of $41.38 billion, a PE ratio of 67.44, a P/E/G ratio of 5.02 and a beta of 0.70. The company has a 50-day simple moving average of $67.32 and a 200-day simple moving average of $68.53. The company has a debt ratio of 0.62, a current ratio of 2.03 and a quick ratio of 2.03.
Real Estate Income (NYSE:O – Get a rating) last reported results on Wednesday, May 4. The real estate investment trust reported EPS of $0.34 for the quarter, missing the consensus estimate of $0.97 per ($0.63). Realty Income had a net margin of 18.91% and a return on equity of 2.44%. The company posted revenue of $807.30 million for the quarter, versus analyst estimates of $748.69 million. In the same period a year earlier, the company had earned earnings per share of $0.86. The company’s revenue for the quarter increased 82.3% year over year. As a group, sell-side analysts expect Realty Income to post earnings per share of 3.92 for the current year.
Several institutional investors and hedge funds have recently changed their positions in O. BlackRock Inc. increased its holding in Realty Income shares by 51.4% during the 4th quarter. BlackRock Inc. now owns 55,379,435 shares of the real estate investment trust worth $3,964,611,000 after purchasing an additional 18,809,122 shares in the last quarter. State Street Corp increased its holding in Realty Income shares by 44.3% during the 4th quarter. State Street Corp now owns 41,784,931 shares of the real estate investment trust worth $3,001,512,000 after buying an additional 12,823,641 shares in the last quarter. Daiwa Securities Group Inc. increased its equity stake in Realty Income by 951.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 7,222,405 shares of the real estate investment trust worth $517,052,000 after purchasing an additional 6,535,728 shares in the last quarter. Norges Bank purchased a new stake in shares of Realty Income during Q4 for a value of $376,586,000. Finally, Geode Capital Management LLC increased its holdings in Realty Income shares by 51.6% during the 4th quarter. Geode Capital Management LLC now owns 12,664,560 shares of the real estate investment trust worth $904,757,000 after purchasing an additional 4,310,531 shares during the period. Institutional investors hold 76.46% 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.
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