BMO Capital Markets Initiates Coverage on Realty Income (NYSE:O)

Equities research analysts at BMO Capital Markets assumed coverage on shares of Realty Income (NYSE:OGet Free Report) in a research report issued to clients and investors on Tuesday, Briefing.com reports. The firm set a “market perform” rating and a $57.00 price target on the real estate investment trust’s stock. BMO Capital Markets’ price target points to a potential upside of 8.22% from the company’s previous close.

A number of other research firms have also weighed in on O. BNP Paribas upgraded Realty Income from a “neutral” rating to an “outperform” rating and set a $63.00 price target for the company in a research report on Wednesday, December 13th. Mizuho increased their price objective on Realty Income from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Stifel Nicolaus cut their price target on Realty Income from $69.50 to $67.50 and set a “buy” rating for the company in a research note on Tuesday, November 7th. Finally, Royal Bank of Canada raised their price target on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, January 11th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $61.50.

Check Out Our Latest Stock Report on Realty Income

Realty Income Trading Down 0.2 %

Shares of O stock opened at $52.67 on Tuesday. The stock has a 50-day simple moving average of $56.26 and a 200 day simple moving average of $54.46. Realty Income has a fifty-two week low of $45.03 and a fifty-two week high of $67.35. The stock has a market capitalization of $38.13 billion, a P/E ratio of 39.90, a P/E/G ratio of 3.94 and a beta of 0.94. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.64.

Insider Transactions at Realty Income

In other news, Director A. Larry Chapman sold 3,500 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $56.98, for a total transaction of $199,430.00. Following the completion of the sale, the director now owns 10,590 shares in the company, valued at $603,418.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Realty Income

Institutional investors have recently made changes to their positions in the stock. CGC Financial Services LLC acquired a new position in Realty Income in the second quarter valued at about $25,000. American National Bank acquired a new position in shares of Realty Income during the fourth quarter worth about $25,000. Compass Wealth Management LLC acquired a new position in shares of Realty Income during the fourth quarter worth about $25,000. Manchester Capital Management LLC boosted its position in shares of Realty Income by 423.0% during the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 423 shares during the period. Finally, Baystate Wealth Management LLC boosted its position in shares of Realty Income by 62.7% during the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 190 shares during the period. 78.82% of the stock is owned by institutional investors and hedge funds.

Realty Income Company Profile

(Get Free Report)

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 13,250 real estate properties primarily owned under long-term net lease agreements with commercial clients.

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