In a report released on January 5, Michael Gorman from BTIG maintained a Hold rating on Realty Income (O – Research Report). The company’s shares closed last Friday at $57.92.
Gorman covers the Real Estate sector, focusing on stocks such as Agree Realty, CTO Realty Growth, and Mid-America Apartment. According to TipRanks, Gorman has an average return of 2.3% and a 44.72% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Realty Income with a $60.58 average price target.
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O market cap is currently $41.93B and has a P/E ratio of 43.99.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of O in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Realty Income (O) Company Description:
Realty Income Corp. is a real estate company, which engages in generating dependable monthly cash dividends from a consistent and predictable level of cash flow from operations. It operates through Rental segment. The company was founded by William E. Clark, Jr. and Evelyn Joan Clark in 1969 and is headquartered in San Diego, CA.
Read More on O:
- Realty Income Stock (NYSE:O): Why Dividend Growth Could Reaccelerate
- Realty Income put volume heavy and directionally bearish
- Realty Income Stock (NYSE:O): Is This Dividend Aristocrat Worth Buying?
- Exane BNP Paribas gets more bullish on Realty Income, upgrades shares
- 123rd Common Stock Monthly Dividend Increase Declared by Realty Income
