Realty Income Co. (NYSE:O – Get Free Report)’s stock price reached a new 52-week low on Friday . The stock traded as low as $54.55 and last traded at $54.69, with a volume of 1354564 shares. The stock had previously closed at $55.12.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Royal Bank of Canada lowered their price target on Realty Income from $68.00 to $67.00 and set an “outperform” rating on the stock in a research report on Friday, August 4th. TheStreet cut Realty Income from a “b-” rating to a “c+” rating in a report on Wednesday, August 23rd. StockNews.com started coverage on Realty Income in a report on Saturday, August 19th. They issued a “sell” rating for the company. Mizuho decreased their price target on Realty Income from $65.00 to $61.00 in a research note on Thursday, August 10th. Finally, Citigroup cut their target price on Realty Income from $65.00 to $61.50 and set a “neutral” rating on the stock in a research report on Tuesday, August 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $68.18.
Check Out Our Latest Analysis on O
Realty Income Stock Down 1.9 %
Realty Income Increases Dividend
The firm also recently disclosed a oct 23 dividend, which will be paid on Friday, October 13th. Investors of record on Monday, October 2nd will be paid a dividend of $0.256 per share. This is a positive change from Realty Income’s previous oct 23 dividend of $0.26. The ex-dividend date of this dividend is Friday, September 29th. This represents a yield of 5.6%. Realty Income’s dividend payout ratio (DPR) is currently 229.10%.
Institutional Investors Weigh In On Realty Income
Several hedge funds have recently added to or reduced their stakes in O. Graham Capital Wealth Management LLC purchased a new position in Realty Income during the 1st quarter valued at about $201,358,000. DT Investment Partners LLC purchased a new stake in Realty Income during the 1st quarter valued at $25,000. Compass Wealth Management LLC purchased a new stake in shares of Realty Income in the 4th quarter worth $25,000. CGC Financial Services LLC purchased a new stake in shares of Realty Income in the 2nd quarter worth $25,000. Finally, Aspire Private Capital LLC purchased a new stake in Realty Income in the 1st quarter worth $26,024,520,000. Institutional investors own 78.82% of the company’s stock.
About Realty Income
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 13,100 real estate properties primarily owned under long-term net lease agreements with commercial clients.
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