Teachers Advisors LLC reduced its stake in Realty Income Co. (NYSE:O) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 549,935 shares of the real estate investment trust’s stock after selling 32,686 shares during the period. Teachers Advisors LLC owned 0.20% of Realty Income worth $31,357,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the business. ETRADE Capital Management LLC grew its stake in shares of Realty Income by 5.7% in the third quarter. ETRADE Capital Management LLC now owns 16,653 shares of the real estate investment trust’s stock valued at $952,000 after acquiring an additional 897 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Realty Income by 2.5% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 36,768 shares of the real estate investment trust’s stock valued at $2,103,000 after acquiring an additional 900 shares in the last quarter. Texas Permanent School Fund grew its stake in shares of Realty Income by 1.3% in the fourth quarter. Texas Permanent School Fund now owns 76,925 shares of the real estate investment trust’s stock valued at $4,386,000 after acquiring an additional 971 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Realty Income by 5.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 17,979 shares of the real estate investment trust’s stock valued at $1,115,000 after acquiring an additional 972 shares in the last quarter. Finally, JFS Wealth Advisors LLC grew its stake in shares of Realty Income by 77.5% in the fourth quarter. JFS Wealth Advisors LLC now owns 2,284 shares of the real estate investment trust’s stock valued at $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 equities analysts recently commented on the stock. B. Riley set a $56.00 price target on shares of Realty Income and gave the company a “hold” rating in a research note on Tuesday, January 2nd. Mizuho restated a “hold” rating and issued a $53.00 price target on shares of Realty Income in a research note on Friday, March 2nd. Citigroup raised shares of Realty Income to a “market perform” rating in a research report on Wednesday, December 20th. They noted that the move was a valuation call. Raymond James Financial raised shares of Realty Income from an “underperform” rating to a “market perform” rating in a research report on Wednesday, December 20th. Finally, Stifel Nicolaus cut their price objective on shares of Realty Income from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Realty Income presently has a consensus rating of “Hold” and a consensus target price of $62.08.
Shares of Realty Income stock opened at $49.90 on Thursday. Realty Income Co. has a 52-week low of $47.25 and a 52-week high of $62.31. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market cap of $14,348.71, a PE ratio of 16.55, a P/E/G ratio of 3.85 and a beta of 0.22.
Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.44. Realty Income had a net margin of 26.22% and a return on equity of 5.11%. The business 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 business posted $0.33 earnings per share. Realty Income’s revenue was up 8.6% compared to the same quarter last year. analysts expect that Realty Income Co. will post 3.16 EPS for the current fiscal year.
The company also recently disclosed a apr 18 dividend, which will be paid on Friday, April 13th. Investors of record on Monday, April 2nd will be given a dividend of $0.2195 per share. This is a boost from Realty Income’s previous apr 18 dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 29th. This represents a yield of 5.15%. Realty Income’s dividend payout ratio is currently 236.94%.
In other news, EVP Benjamin N. Fox sold 2,276 shares of the stock in a transaction dated Tuesday, March 6th. The shares were 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 owns 17,531 shares of the company’s stock, valued at $883,387.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.
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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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