Redpoint Investment Management Pty Ltd raised its position in Realty Income Co. (NYSE:O) by 2.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 31,821 shares of the real estate investment trust’s stock after acquiring an additional 812 shares during the period. Redpoint Investment Management Pty Ltd’s holdings in Realty Income were worth $1,978,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in O. PNC Financial Services Group Inc. increased its position in shares of Realty Income by 1.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 383,371 shares of the real estate investment trust’s stock worth $22,811,000 after purchasing an additional 5,322 shares during the last quarter. WealthPLAN Partners LLC acquired a new position in shares of Realty Income during the 2nd quarter worth approximately $275,000. RMR Wealth Builders acquired a new position in shares of Realty Income during the 2nd quarter worth approximately $28,000. Rockbridge Investment Management LCC acquired a new position in shares of Realty Income during the 2nd quarter worth approximately $30,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Realty Income by 96.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,923,338 shares of the real estate investment trust’s stock worth $173,939,000 after purchasing an additional 1,438,765 shares during the last quarter. Hedge funds and other institutional investors own 67.16% of the company’s stock.
O has been the topic of a number of recent analyst reports. UBS Group initiated coverage on Realty Income in a report on Friday, October 16th. They set a “buy” rating and a $72.00 target price on the stock. Mizuho boosted their target price on Realty Income from $58.00 to $64.00 and gave the stock a “buy” rating in a report on Tuesday, September 29th. Morgan Stanley upped their price objective on Realty Income from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Tuesday, December 15th. Scotiabank raised Realty Income from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $66.00 to $72.00 in a report on Friday, October 9th. Finally, Robert W. Baird assumed coverage on Realty Income in a report on Wednesday, December 16th. They issued a “neutral” rating on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Realty Income presently has an average rating of “Buy” and an average price target of $67.42.
NYSE O opened at $57.78 on Thursday. The business has a 50 day simple moving average of $60.72 and a 200 day simple moving average of $60.94. The stock has a market capitalization of $20.28 billion, a P/E ratio of 47.75, a P/E/G ratio of 5.41 and a beta of 0.62. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.77 and a quick ratio of 4.77. Realty Income Co. has a one year low of $38.00 and a one year high of $84.92.
Realty Income (NYSE:O) last posted its earnings results on Saturday, November 7th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.28). The company had revenue of $404.60 million during the quarter, compared to the consensus estimate of $402.71 million. Realty Income had a net margin of 24.94% and a return on equity of 3.96%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.83 EPS. Equities analysts expect that Realty Income Co. will post 3.38 earnings per share for the current year.
The business also recently declared a jan 21 dividend, which will be paid on Friday, January 15th. Stockholders of record on Monday, January 4th will be given a $0.2345 dividend. The ex-dividend date of this dividend is Thursday, December 31st. This is a boost from Realty Income’s previous jan 21 dividend of $0.23. This represents a dividend yield of 4.7%. Realty Income’s payout ratio is 84.64%.
Realty Income Company Profile
Realty Income, The Monthly Dividend Company<sup>Â®</sup>, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with commercial tenants.
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