Real estate income (NYSE: O – Get a rating) saw its price target lowered by Morgan Stanley analysts from $78.00 to $77.00 in a research report released Thursday, Target Stock Advisor reports. The brokerage currently has an “overweight” rating on shares of the real estate investment trust. Morgan Stanley’s price target suggests a potential upside of 11.80% from the company’s current price.
A number of other research companies also commented on O. StockNews.com launched coverage on real estate income in a research report on Thursday, March 31. They issued a “holding” rating on the stock. Wolfe Research downgraded Realty Income from an “outperform” rating to a “market performer” rating and set a price target of $73.00 for the stock. in a research report on Monday. Capital One Financial restated an “equal weight” rating on Realty Income shares in a Monday, April 25 research report. Finally, TheStreet upgraded Realty Income from a “c+” rating to a “b” rating in a research report on Wednesday, May 4. Five investment analysts gave the stock a hold rating and four gave the company a buy rating. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $76.40.
Shares of NYSEO traded down $0.31 during Thursday’s trading, hitting $68.87. The company had a trading volume of 66,927 shares, compared to its average volume of 3,857,065. The company’s fifty-day moving average price is $69.42 and its 200-day moving average price is $68.94. Realty Income has a 12 month low of $62.74 and a 12 month high of $75.40. The stock has a market capitalization of $41.43 billion, a P/E ratio of 67.52, a PEG ratio of 4.37 and a beta of 0.74. The company has a quick ratio of 1.95, a current ratio of 2.03 and a leverage ratio of 0.62.
Real estate income (NYSE: O – Get a rating) last released its quarterly results on Wednesday, May 4. The real estate investment trust reported EPS of $0.34 for the quarter, missing analyst consensus estimates 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 in the quarter, versus a consensus estimate of $748.69 million. In the same quarter last year, the company posted EPS of $0.86. The company’s quarterly revenue increased 82.3% year over year. As a group, stock analysts predict Realty Income will post 3.91 earnings per share for the current year.
A number of hedge funds have been buying and selling stocks recently. Fortitude Advisory Group LLC increased its stake in Realty Income by 13.1% during the 1st quarter. Fortitude Advisory Group LLC now owns 1,968 shares of the real estate investment trust worth $136,000 after purchasing an additional 228 shares during the period. First National Bank of Omaha increased its stake in Realty Income shares by 4.8% in the first quarter. First National Bank of Omaha now owns 44,789 shares of the real estate investment trust worth $3,104,000 after buying 2,045 additional shares in the last quarter. LM Kohn & Company purchased a new equity stake in Realty Income in the first quarter for a value of approximately $879,000. M Holdings Securities Inc. bought a new stake in shares of Realty Income in the first quarter for a value of approximately $3,403,000. Finally, Advisory Services Network LLC increased its equity stake in Realty Income by 59.0% in the first quarter. Advisory Services Network LLC now owns 25,036 shares of the real estate investment trust worth $1,735,000 after purchasing an additional 9,290 shares in the last quarter. 76.46% of the shares are currently held by institutional investors and hedge funds.
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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