Tower Research Capital LLC TRC lowered its position in Realty Income Corp (NYSE:O) by 45.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,496 shares of the real estate investment trust’s stock after selling 6,308 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Realty Income were worth $575,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in O. Grove Bank & Trust boosted its stake in Realty Income by 2.6% during the third quarter. Grove Bank & Trust now owns 4,926 shares of the real estate investment trust’s stock worth $378,000 after buying an additional 124 shares during the period. Berman Capital Advisors LLC boosted its stake in Realty Income by 62.8% during the second quarter. Berman Capital Advisors LLC now owns 402 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 155 shares during the period. Mutual Advisors LLC boosted its stake in Realty Income by 0.5% during the second quarter. Mutual Advisors LLC now owns 32,776 shares of the real estate investment trust’s stock worth $2,261,000 after buying an additional 156 shares during the period. Flagship Harbor Advisors LLC boosted its stake in Realty Income by 3.6% during the second quarter. Flagship Harbor Advisors LLC now owns 4,575 shares of the real estate investment trust’s stock worth $315,000 after buying an additional 157 shares during the period. Finally, CWM LLC boosted its stake in Realty Income by 3.0% during the third quarter. CWM LLC now owns 5,553 shares of the real estate investment trust’s stock worth $426,000 after buying an additional 161 shares during the period. 72.23% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have weighed in on O shares. Deutsche Bank initiated coverage on shares of Realty Income in a research note on Tuesday, August 27th. They set a “hold” rating and a $73.00 target price for the company. Jefferies Financial Group initiated coverage on shares of Realty Income in a research note on Thursday, October 10th. They issued a “buy” rating and a $99.00 price objective for the company. Royal Bank of Canada set a $75.00 price objective on shares of Realty Income and gave the company a “hold” rating in a research note on Friday, October 18th. Standpoint Research raised their price objective on shares of Realty Income to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Finally, Morgan Stanley raised their price objective on shares of Realty Income from $72.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 17th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $80.44.
In related news, CFO Paul M. Meurer sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $75.33, for a total value of $753,300.00. Following the sale, the chief financial officer now owns 30,468 shares of the company’s stock, valued at $2,295,154.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director A. Larry Chapman sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $75.09, for a total transaction of $600,720.00. Following the completion of the sale, the director now directly owns 14,757 shares in the company, valued at approximately $1,108,103.13. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.
NYSE O opened at $77.46 on Friday. The firm has a 50 day simple moving average of $78.62 and a 200-day simple moving average of $73.21. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.45 and a current ratio of 2.45. Realty Income Corp has a one year low of $59.93 and a one year high of $82.17. The firm has a market cap of $25.17 billion, a price-to-earnings ratio of 24.28, a PEG ratio of 6.22 and a beta of 0.04.
Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.51). Realty Income had a net margin of 27.30% and a return on equity of 4.61%. The business had revenue of $374.20 million during the quarter, compared to analysts’ expectations of $369.86 million. During the same period in the previous year, the business posted $0.34 EPS. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. Equities analysts predict that Realty Income Corp will post 3.28 EPS for the current fiscal year.
The company also recently announced a nov 19 dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.227 dividend. The ex-dividend date of this dividend was Thursday, October 31st. Realty Income’s dividend payout ratio (DPR) is 85.27%.
Realty Income Company Profile
Realty Income, The Monthly Dividend Company, 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 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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