Barclays PLC Reduces Holdings in Realty Income Co. (NYSE:O)

Barclays PLC decreased its stake in shares of Realty Income Co. (NYSE:O) by 28.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 572,075 shares of the real estate investment trust’s stock after selling 228,240 shares during the period. Barclays PLC’s holdings in Realty Income were worth $37,107,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. TD Asset Management Inc. lifted its holdings in Realty Income by 1.2% during the 3rd quarter. TD Asset Management Inc. now owns 135,294 shares of the real estate investment trust’s stock worth $8,775,000 after purchasing an additional 1,583 shares in the last quarter. State of Wisconsin Investment Board lifted its holdings in Realty Income by 11.0% during the 2nd quarter. State of Wisconsin Investment Board now owns 281,478 shares of the real estate investment trust’s stock worth $18,786,000 after purchasing an additional 27,815 shares in the last quarter. Morgan Stanley lifted its holdings in Realty Income by 19.4% during the 2nd quarter. Morgan Stanley now owns 6,207,872 shares of the real estate investment trust’s stock worth $414,313,000 after purchasing an additional 1,008,970 shares in the last quarter. FORA Capital LLC lifted its holdings in Realty Income by 183.9% during the 2nd quarter. FORA Capital LLC now owns 20,267 shares of the real estate investment trust’s stock worth $1,353,000 after purchasing an additional 13,127 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its stake in Realty Income by 23.8% in the 2nd quarter. Eagle Asset Management Inc. now owns 130,418 shares of the real estate investment trust’s stock worth $8,704,000 after acquiring an additional 25,108 shares during the last quarter. 75.07% of the stock is currently owned by institutional investors and hedge funds.

Shares of Realty Income stock opened at $71.50 on Friday. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $28.90 billion, a PE ratio of 56.75, a price-to-earnings-growth ratio of 4.45 and a beta of 0.80. The business’s 50-day moving average price is $69.99 and its 200-day moving average price is $69.84. Realty Income Co. has a 12 month low of $57.39 and a 12 month high of $74.60.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, November 1st. The real estate investment trust reported $0.34 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.06). The firm had revenue of $491.90 million for the quarter, compared to the consensus estimate of $456.45 million. Realty Income had a net margin of 26.05% and a return on equity of 3.96%. Realty Income’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.81 earnings per share. As a group, analysts predict that Realty Income Co. will post 3.56 earnings per share for the current fiscal year.

The company also recently disclosed a feb 22 dividend, which will be paid on Tuesday, February 15th. Stockholders of record on Tuesday, February 1st will be given a dividend of $0.2465 per share. The ex-dividend date of this dividend is Monday, January 31st. Realty Income’s dividend payout ratio (DPR) is presently 234.92%.

A number of equities analysts have weighed in on O shares. Mizuho upped their target price on Realty Income from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, November 30th. Scotiabank lowered Realty Income from a “sector outperform” rating to a “sector perform” rating in a research note on Wednesday, December 15th. Royal Bank of Canada upped their target price on Realty Income from $79.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 3rd. Finally, Morgan Stanley decreased their target price on Realty Income from $81.00 to $79.00 and set an “overweight” rating on the stock in a research note on Friday, December 3rd. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $79.20.

About Realty Income

Realty Income Corp. is a real estate company, which engages in generating dependable monthly cash dividends from a consistent and predictable level of cash flow from operations. The company was founded by William E. Clark, Jr. and Evelyn Joan Clark in 1969 and is headquartered in San Diego, CA.

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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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