Realty Income (NYSE:O) receives an Outperform rating from analysts at Credit Suisse Group

Credit Suisse Group research analysts began coverage on shares of Real Estate Revenue (NYSE:O – Rating Received) in a research paper published Wednesday, reports The Fly. The brokerage firm has given the Real Estate Investment Trust stock an Outperform rating.

O has been the subject of a number of other research reports. Wolfe Research downgraded Realty Income from an outperform rating to a market perform rating and set a price target of $73.00 for the stock. in a research paper on Monday, May 23. StockNews.com downgraded Realty Income from a “hold” rating to a “sell” rating in a report Friday, June 10. Capital One Financial cut its price target on Realty Income from $78.00 to $77.00 in a report on Monday, May 25. Morgan Stanley downgraded the company to “Overweight” in a report on Thursday, May 26. a. Finally, TheStreet Realty upgraded Income from a “c+” rating to a “b” rating in a report on Wednesday, May 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Realty Income currently has an average rating of Hold and an average price target of $76.50.

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Realty Income shares rose $0.92 during Wednesday trading to hit $66.39. 3,426,326 shares of hands traded compared to its average volume of 3,991,835. The company has a market cap of $39.94 billion, a P/E of 65.09, a price-to-earnings-to-growth ratio of 4.68 and a beta of 0.74. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt to equity ratio of 0.62. Realty Income has a 52-week low of $62.28 and a 52-week high of $75.40. The stock’s 50-day simple moving average is $68.31 and its 200-day simple moving average is $68.43.

Realty Income (NYSE:O – Get Rating) last reported its quarterly results on Wednesday, May 4th. The Real Estate Investment Trust reported $0.34 EPS for the quarter, missing the consensus estimate of $0.97 ($0.63). The company had revenue of $807.30 million for the quarter, compared to analysts’ expectations of $748.69 million. Realty Income had a net margin of 18.91% and a return on equity of 2.44%. The company’s quarterly revenue rose 82.3% year over year. In the same quarter last year, the company posted $0.86 per share. As a group, equities analysts expect Realty Income to post 3.92 year-to-date EPS.

Several institutional investors have recently changed their positions in the company. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Realty Income shares by 160.0% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,250 shares in the real estate investment fund valued at US$225,000 after buying another 2,000 shares during this period. Oliver Lagore Vanvalin Investment Group acquired a new interest in Realty Income valued at approximately $86,000 during the first quarter. JW Cole Advisors Inc. increased its holding in Realty Income by 94.4% in the first quarter. JW Cole Advisors Inc. now owns 26,768 shares of the Real Estate Investment Trust valued at $1,855,000 after purchasing an additional 12,999 shares during the period. Bank of America Corp DE increased its position in shares of Realty Income by 13.2% in the first quarter. Bank of America Corp DE now owns 20,834,253 shares of Real Estate Investment Trust valued at $1,443,813,000 after purchasing an additional 2,430,441 shares last quarter. Finally, Mirae Asset Global Investments Co.Ltd. its position in Realty Income stocks up 42.4% in the first quarter. Mirae Asset Global Investments Co.Ltd. now owns 82,973 shares of the Real Estate Investment Trust valued at $5,750,000 after purchasing an additional 24,725 shares last quarter. 76.46% of the shares are currently owned by institutional investors and hedge funds.

About real estate income (get 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 properties held on long-term leases with our commercial clients.

Further reading

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Analyst Recommendations for Realty Income (NYSE:O)

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