Hexavest Inc. lifted its position in Realty Income Corp (NYSE:O) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,292,818 shares of the real estate investment trust’s stock after purchasing an additional 19,760 shares during the quarter. Hexavest Inc. owned about 0.46% of Realty Income worth $73,716,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB increased its stake in Realty Income by 2.2% in the third quarter. Xact Kapitalforvaltning AB now owns 57,704 shares of the real estate investment trust’s stock valued at $3,300,000 after acquiring an additional 1,227 shares during the last quarter. Wells Fargo & Company MN increased its stake in Realty Income by 7.0% in the third quarter. Wells Fargo & Company MN now owns 2,626,834 shares of the real estate investment trust’s stock valued at $150,228,000 after acquiring an additional 172,658 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Realty Income by 23.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 160,139 shares of the real estate investment trust’s stock valued at $8,837,000 after acquiring an additional 30,444 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Realty Income by 8.0% in the third quarter. Bank of New York Mellon Corp now owns 4,345,915 shares of the real estate investment trust’s stock valued at $248,543,000 after acquiring an additional 322,239 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in Realty Income by 5.2% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 698,690 shares of the real estate investment trust’s stock valued at $39,958,000 after acquiring an additional 34,478 shares during the last quarter. 69.92% of the stock is currently owned by hedge funds and other institutional investors.
In other news, SVP Joel Tomlinson sold 1,746 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $56.45, for a total value of $98,561.70. Following the sale, the senior vice president now owns 14,913 shares in the company, valued at $841,838.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul M. Meurer sold 5,603 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $54.75, for a total transaction of $306,764.25. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.
A number of research analysts recently commented on O shares. Zacks Investment Research cut Realty Income from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Realty Income in a research note on Wednesday, November 1st. Stifel Nicolaus reissued a “buy” rating and issued a $65.00 target price on shares of Realty Income in a research note on Wednesday, November 1st. Vetr upgraded shares of Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price target for the company in a research report on Monday, November 20th. Finally, Raymond James Financial upgraded shares of Realty Income from an “underperform” rating to a “market perform” rating in a research report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $64.09.
Shares of Realty Income Corp (O) traded up $0.22 during midday trading on Friday, reaching $53.28. 2,239,300 shares of the company’s stock were exchanged, compared to its average volume of 1,923,287. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $14,860.00, a P/E ratio of 43.67, a P/E/G ratio of 4.21 and a beta of 0.29. Realty Income Corp has a one year low of $52.80 and a one year high of $63.60.
Realty Income (NYSE:O) last posted its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $306.90 million for the quarter, compared to the consensus estimate of $292.73 million. Realty Income had a net margin of 29.37% and a return on equity of 5.11%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 EPS. equities analysts anticipate that Realty Income Corp will post 2.91 earnings per share for the current fiscal year.
The company also recently disclosed a jan 17 dividend, which will be paid on Friday, January 12th. Investors of record on Tuesday, January 2nd will be paid a dividend of $0.2125 per share. This represents a dividend yield of 4.48%. The ex-dividend date of this dividend is Friday, December 29th. This is a positive change from Realty Income’s previous jan 17 dividend of $0.21. Realty Income’s payout ratio is 209.02%.
About Realty Income
Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. As of December 31, 2016, the Company owned a diversified portfolio of 4,944 properties located in 49 states and Puerto Rico, with over 83.0 million square feet of leasable space leased to 248 different commercial tenants doing business in 47 separate industries.
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