Federated Investors Inc. PA cut its position in shares of Realty Income Co. (NYSE:O) by 5.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,302,581 shares of the real estate investment trust’s stock after selling 82,356 shares during the period. Federated Investors Inc. PA owned approximately 0.46% of Realty Income worth $67,383,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Texas Permanent School Fund raised its position in Realty Income by 1.3% during 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 purchasing an additional 971 shares during the period. American International Group Inc. raised its position in Realty Income by 0.9% during the first quarter. American International Group Inc. now owns 107,816 shares of the real estate investment trust’s stock valued at $5,577,000 after purchasing an additional 994 shares during the period. JFS Wealth Advisors LLC raised its position in Realty Income by 77.5% during 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 purchasing an additional 997 shares during the period. Palladium Partners LLC raised its position in Realty Income by 21.3% during the first quarter. Palladium Partners LLC now owns 5,700 shares of the real estate investment trust’s stock valued at $295,000 after purchasing an additional 1,000 shares during the period. Finally, BTIM Corp. raised its position in Realty Income by 1.8% during the fourth quarter. BTIM Corp. now owns 57,950 shares of the real estate investment trust’s stock valued at $3,305,000 after purchasing an additional 1,025 shares during the period. 69.91% of the stock is owned by institutional investors.
Shares of Realty Income opened at $52.31 on Tuesday, according to Marketbeat. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.90. Realty Income Co. has a fifty-two week low of $47.25 and a fifty-two week high of $60.05. The company has a market capitalization of $14.69 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 3.65 and a beta of 0.16.
Realty Income (NYSE:O) last issued its quarterly earnings results on Tuesday, May 8th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.04). Realty Income had a return on equity of 4.99% and a net margin of 25.33%. The business had revenue of $318.30 million during the quarter, compared to analysts’ expectations of $305.83 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. equities research analysts anticipate that Realty Income Co. will post 3.17 earnings per share for the current year.
The firm also recently declared a jun 18 dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be issued a $0.2195 dividend. The ex-dividend date of this dividend is Thursday, May 31st. This represents a dividend yield of 5.04%. Realty Income’s payout ratio is 85.95%.
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 sale, the executive vice president now directly owns 17,531 shares in the company, valued at $883,387.09. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.20% of the company’s stock.
A number of equities research analysts have issued reports on the company. ValuEngine upgraded Realty Income from a “sell” rating to a “hold” rating in a research report on Friday, May 11th. DA Davidson set a $65.00 price objective on Realty Income and gave the company a “buy” rating in a research report on Thursday, May 10th. Mizuho restated a “hold” rating and set a $53.00 price objective on shares of Realty Income in a research report on Friday, March 2nd. Stifel Nicolaus decreased their price objective on Realty Income from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 22nd. Finally, B. Riley set a $56.00 price objective on Realty Income and gave the company a “hold” rating in a research report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. Realty Income currently has an average rating of “Hold” and a consensus target price of $62.40.
About Realty Income
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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