Hanson McClain Inc. raised its position in shares of Realty Income Co. (NYSE:O) by 103.9% during the fourth quarter, HoldingsChannel reports. The firm owned 8,542 shares of the real estate investment trust’s stock after purchasing an additional 4,352 shares during the period. Hanson McClain Inc.’s holdings in Realty Income were worth $487,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in O. BlackRock Inc. raised its position in Realty Income by 3.8% during the fourth quarter. BlackRock Inc. now owns 29,151,833 shares of the real estate investment trust’s stock valued at $1,662,238,000 after purchasing an additional 1,054,431 shares in the last quarter. APG Asset Management US Inc. grew its stake in shares of Realty Income by 36.5% during the fourth quarter. APG Asset Management US Inc. now owns 2,882,000 shares of the real estate investment trust’s stock valued at $164,332,000 after buying an additional 770,700 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in shares of Realty Income during the fourth quarter valued at about $36,904,000. JPMorgan Chase & Co. grew its stake in shares of Realty Income by 10.9% during the third quarter. JPMorgan Chase & Co. now owns 4,436,861 shares of the real estate investment trust’s stock valued at $256,540,000 after buying an additional 437,803 shares during the last quarter. Finally, Allianz Asset Management GmbH bought a new position in shares of Realty Income during the fourth quarter valued at about $13,152,000. Institutional investors and hedge funds own 70.95% of the company’s stock.
Shares of Realty Income stock opened at $50.16 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $14,348.71, a PE ratio of 44.95, a P/E/G ratio of 3.85 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.
Realty Income (NYSE:O) last posted its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.44. The company had revenue of $298.90 million for the quarter, compared to analysts’ expectations of $301.53 million. Realty Income had a return on equity of 5.11% and a net margin of 26.22%. Realty Income’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $0.33 earnings per share. analysts predict that Realty Income Co. will post 3.16 EPS for the current fiscal year.
The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, March 29th. This is a boost from Realty Income’s previous apr 18 dividend of $0.22. This represents a dividend yield of 5.15%. Realty Income’s dividend payout ratio (DPR) is presently 236.94%.
A number of research analysts have recently issued reports on the company. Mizuho reaffirmed 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 reduced their price objective on 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 Realty Income and gave the company a “hold” rating in a research note on Thursday, February 22nd. Citigroup raised 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, Raymond James Financial raised Realty Income from an “underperform” rating to a “market perform” rating in a research note on Wednesday, December 20th. One 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. Realty Income has a consensus rating of “Hold” and an average price target of $62.08.
In related news, EVP Benjamin N. Fox sold 2,276 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $883,387.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by company insiders.
ILLEGAL ACTIVITY WARNING: This article was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this article on another site, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2018/03/22/realty-income-co-o-position-raised-by-hanson-mcclain-inc.html.
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.
Want to see what other hedge funds are holding O? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realty Income Co. (NYSE:O).
Receive News & Ratings for Realty Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income and related companies with MarketBeat.com's FREE daily email newsletter.