Realty Income (NYSE:O – Get Rating) had its price target dropped by equities researchers at Morgan Stanley from $76.00 to $74.00 in a report released on Tuesday, MarketBeat.com reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. Morgan Stanley’s price target points to a potential upside of 23.87% from the company’s previous close.
Several other equities research analysts have also recently weighed in on O. Mizuho cut Realty Income from a “buy” rating to a “neutral” rating in a research report on Thursday, October 13th. Raymond James reduced their price objective on Realty Income from $78.00 to $68.00 and set an “outperform” rating for the company in a research report on Tuesday, October 4th. Jefferies Financial Group reduced their price objective on Realty Income from $81.00 to $78.00 in a research report on Thursday, June 30th. Finally, StockNews.com assumed coverage on Realty Income in a research report on Wednesday, October 12th. They issued a “sell” rating for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and a consensus price target of $74.86.
Realty Income Stock Up 1.2 %
NYSE:O traded up $0.73 during mid-day trading on Tuesday, reaching $59.74. The stock had a trading volume of 28,332 shares, compared to its average volume of 4,300,443. The business’s 50 day moving average is $63.89 and its 200 day moving average is $67.54. Realty Income has a fifty-two week low of $55.50 and a fifty-two week high of $75.40. The stock has a market cap of $35.94 billion, a P/E ratio of 56.51, a PEG ratio of 5.17 and a beta of 0.78. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.90 and a quick ratio of 1.90.
Hedge Funds Weigh In On Realty Income
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wagner Wealth Management LLC bought a new stake in Realty Income in the 2nd quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. acquired a new position in shares of Realty Income during the 1st quarter worth approximately $30,000. Verity Asset Management Inc. bought a new stake in Realty Income in the 1st quarter valued at $33,000. Riverview Trust Co bought a new stake in Realty Income in the 1st quarter valued at $34,000. Finally, Bank of New Hampshire bought a new stake in Realty Income in the 1st quarter valued at $38,000. Institutional investors own 81.57% of the company’s stock.
Realty Income Company Profile
Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with our commercial clients.