In a report released today, Simon Yarmak from Stifel Nicolaus maintained a Buy rating on Realty Income (O – Research Report), with a price target of $67.75. The company’s shares closed last Friday at $54.19.
According to TipRanks, Yarmak is a 5-star analyst with an average return of 8.8% and a 55.51% success rate. Yarmak covers the Real Estate sector, focusing on stocks such as Realty Income, Camden Property, and Equity Residential.
Realty Income has an analyst consensus of Moderate Buy, with a price target consensus of $61.98.
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Based on Realty Income’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.04 billion and a net profit of $233.47 million. In comparison, last year the company earned a revenue of $837.27 million and had a net profit of $219.57 million
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.
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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 Announces 2023 Dividend Tax Allocation for Realty Income Corporation and Spirit Realty Capital, Inc.
- Realty Income reinstated with a Neutral at JPMorgan
- Realty Income Completes Merger, Issues FD Disclosure
- Realty Income Updates Bylaws and Fiscal Year Changes
- Realty Income Finalizes Acquisition of Spirit Assets
