Virtu Financial LLC lowered its position in Realty Income Co. (NYSE:O) by 47.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,796 shares of the real estate investment trust’s stock after selling 3,416 shares during the quarter. Virtu Financial LLC’s holdings in Realty Income were worth $216,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. ETRADE Capital Management LLC boosted its stake in shares of Realty Income by 5.7% during the 3rd quarter. ETRADE Capital Management LLC now owns 16,653 shares of the real estate investment trust’s stock worth $952,000 after acquiring an additional 897 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Realty Income by 2.5% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 36,768 shares of the real estate investment trust’s stock worth $2,103,000 after acquiring an additional 900 shares in the last quarter. Texas Permanent School Fund boosted its stake in shares of Realty Income by 1.3% during the 4th quarter. Texas Permanent School Fund now owns 76,925 shares of the real estate investment trust’s stock worth $4,386,000 after acquiring an additional 971 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Realty Income by 5.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 17,979 shares of the real estate investment trust’s stock worth $1,115,000 after acquiring an additional 972 shares in the last quarter. Finally, JFS Wealth Advisors LLC boosted its stake in shares of Realty Income by 77.5% during the 4th quarter. JFS Wealth Advisors LLC now owns 2,284 shares of the real estate investment trust’s stock worth $130,000 after acquiring an additional 997 shares in the last quarter. Hedge funds and other institutional investors own 70.95% of the company’s stock.
Several analysts have recently issued reports on O shares. B. Riley set a $56.00 price target on Realty Income and gave the stock a “hold” rating in a research note on Monday, December 4th. Stifel Nicolaus decreased their price target on Realty Income from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. Raymond James Financial upgraded Realty Income from an “underperform” rating to a “market perform” rating in a research note on Wednesday, December 20th. Citigroup upgraded Realty Income to a “market perform” rating in a research note on Wednesday, December 20th. They noted that the move was a valuation call. Finally, Mizuho reiterated a “hold” rating and set a $53.00 price target on shares of Realty Income in a research note on Friday, March 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. Realty Income presently has a consensus rating of “Hold” and a consensus target price of $62.08.
In other news, EVP Benjamin N. Fox sold 2,276 shares of the stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $50.39, for a total value of $114,687.64. Following the completion of the transaction, the executive vice president now directly owns 17,531 shares of the company’s stock, valued at approximately $883,387.09. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.30% of the company’s stock.
O stock opened at $50.48 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $14,468.10, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 3.88 and a beta of 0.22. Realty Income Co. has a twelve month low of $47.25 and a twelve month high of $62.31.
Realty Income (NYSE:O) last posted its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.76 EPS for the quarter, beating the consensus estimate of $0.32 by $0.44. Realty Income had a return on equity of 5.11% and a net margin of 26.22%. The firm had revenue of $298.90 million during the quarter, compared to analysts’ expectations of $301.53 million. During the same quarter in the prior year, the firm posted $0.33 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. equities research analysts expect that Realty Income Co. will post 3.16 earnings per share for the current year.
The business also recently announced a apr 18 dividend, which will be paid on Friday, April 13th. Stockholders of record on Monday, April 2nd will be issued a $0.2195 dividend. The ex-dividend date of this dividend is Thursday, March 29th. This is a boost from Realty Income’s previous apr 18 dividend of $0.22. This represents a dividend yield of 5.15%. Realty Income’s dividend payout ratio is presently 236.94%.
Realty Income Company Profile
Realty Income, The Monthly Dividend Company®, is an S&P 500 company dedicated to providing shareholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,000 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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