Fieldpoint Private Securities LLC increased its stake in Realty Income Co. (NYSE:O) by 80.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,675 shares of the real estate investment trust’s stock after acquiring an additional 4,300 shares during the period. Fieldpoint Private Securities LLC’s holdings in Realty Income were worth $552,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in O. IFG Advisory LLC acquired a new position in Realty Income during the fourth quarter valued at approximately $323,000. San Francisco Sentry Investment Group CA lifted its position in Realty Income by 500.0% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,800 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 1,500 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new position in Realty Income during the third quarter valued at approximately $130,000. JFS Wealth Advisors LLC lifted 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 buying an additional 997 shares in the last quarter. Finally, FNY Managed Accounts LLC acquired a new position in Realty Income during the third quarter valued at approximately $137,000. 70.95% of the stock is currently owned by institutional investors and hedge funds.
O has been the topic of a number of analyst reports. Mizuho reiterated a “hold” rating and set a $53.00 price objective on shares of Realty Income in a research note on Friday, March 2nd. Stifel Nicolaus dropped their price objective on shares of Realty Income from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 22nd. B. Riley set a $56.00 price objective on shares of Realty Income and gave the company a “hold” rating in a research note on Thursday, February 22nd. Citigroup upgraded shares of 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, Vetr upgraded shares of Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price objective on the stock in a research note on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $62.08.
Shares of Realty Income stock opened at $51.38 on Monday. The stock has a market cap of $14,630.12, a P/E ratio of 46.37, a PEG ratio of 3.92 and a beta of 0.22. Realty Income Co. has a 12 month low of $47.25 and a 12 month 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.
Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.44. The business had revenue of $298.90 million during the quarter, compared to analyst estimates of $301.53 million. Realty Income had a net margin of 26.22% and a return on equity of 5.11%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 earnings per share. sell-side analysts forecast that Realty Income Co. will post 3.16 EPS for the current fiscal year.
The business also recently declared a apr 18 dividend, which will be paid on Friday, April 13th. Investors of record on Monday, April 2nd will be paid a $0.2195 dividend. This represents a dividend yield of 5.15%. The ex-dividend date of this dividend is Thursday, March 29th. This is a positive change from Realty Income’s previous apr 18 dividend of $0.22. Realty Income’s payout ratio is 236.94%.
In related news, EVP Benjamin N. Fox sold 2,276 shares of Realty Income stock in a transaction on 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 sale, the executive vice president now owns 17,531 shares in the company, valued at $883,387.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.30% of the stock is currently owned by insiders.
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Realty Income 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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