Real Estate Income (NYSE:O) Raised to “Hold” on StockNews.com

Real Estate Income (NYSE:O – Get a Grade) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note released Friday to investors.

A number of other equity research analysts have also recently commented on the stock. Morgan Stanley lowered its price target on Realty Income shares from $76.00 to $74.00 and set an “overweight” rating on the stock in a Tuesday, Oct. 25 research note. Raymond James lowered its price target on Realty Income from $78.00 to $68.00 and set an “outperform” rating on the stock in a Tuesday, October 4 research report. Finally, Mizuho downgraded shares of Realty Income from a “buy” rating to a “neutral” rating in a Thursday, October 13 research report. Five analysts gave the stock a hold rating and three gave the company a buy rating. According to MarketBeat, Realty Income has a consensus rating of “Hold” and a consensus target price of $74.00.

Stock of property income down 0.6%

Shares of O stock traded down $0.39 during Friday’s midday session, hitting $64.98. The stock recorded a trading volume of 3,557,065 shares, compared to an average volume of 3,923,240. The company has a market capitalization of $40.75 billion, a P/E ratio of 60.73, a ratio price/earnings growth of 5.67 and a beta of 0.79. The company has a debt ratio of 0.61, a current ratio of 1.76 and a quick ratio of 1.76. Realty Income has a 12 month minimum of $55.50 and a 12 month maximum of $75.40. The company’s 50-day moving average is $61.58 and its two-hundred-day moving average is $66.59.

Institutional investors weigh on real estate income

A number of institutional investors and hedge funds have recently changed their holdings in O. Wagner Wealth Management LLC acquired a new stake in shares of Realty Income in Q2 worth $25,000. Hazlett Burt & Watson Inc. acquired a new position in Realty Income stocks in Q1 worth approximately $30,000. First Horizon Advisors Inc. increased its holdings in Realty Income by 120.4% during the 1st quarter. First Horizon Advisors Inc. now owns 595 shares of the real estate investment trust worth $41,000 after purchasing an additional 325 shares in the last quarter. West Bancorporation Inc. bought a new position in shares of Realty Income in the first quarter, valued at around $42,000. Finally, Parkside Financial Bank & Trust increased its equity stake in Realty Income by 63.6% during the second quarter. Parkside Financial Bank & Trust now owns 638 shares of the real estate investment trust worth $44,000 after buying 248 more shares in the last quarter. 81.57% of the shares are held by institutional investors and hedge funds.

Real Estate Income Company Profile

(Get an evaluation)

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.

Further reading

Analyst Recommendations for Real Estate Income (NYSE:O)

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