Laurel Wealth Advisors Inc. grew its position in Realty Income Co. (NYSE:O) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,092 shares of the real estate investment trust’s stock after acquiring an additional 1,631 shares during the quarter. Laurel Wealth Advisors Inc.’s holdings in Realty Income were worth $2,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. IFG Advisory LLC bought a new position in shares of Realty Income in the 4th quarter worth $323,000. San Francisco Sentry Investment Group CA increased its position in Realty Income by 500.0% during the 3rd 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 3rd quarter valued at about $130,000. JFS Wealth Advisors LLC increased its position in Realty Income by 77.5% during the 4th 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 3rd quarter valued at about $137,000. 70.97% of the stock is currently owned by institutional investors and hedge funds.
O opened at $52.08 on Friday. Realty Income Co. has a 52 week low of $47.25 and a 52 week high of $62.31. The firm has a market cap of $14,885.94, a PE ratio of 17.17, a PEG ratio of 3.99 and a beta of 0.18. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.83.
Realty Income (NYSE:O) last released its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.44. The firm had revenue of $298.90 million during the quarter, compared to analyst estimates of $301.53 million. Realty Income had a return on equity of 5.11% and a net margin of 26.22%. Realty Income’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $0.33 earnings per share. equities research analysts predict that Realty Income Co. will post 3.16 earnings per share for the current fiscal year.
The firm also recently declared a apr 18 dividend, which will be paid on Friday, April 13th. Shareholders of record on Monday, April 2nd will be issued a dividend of $0.2195 per share. This represents a yield of 5.15%. This is an increase from Realty Income’s previous apr 18 dividend of $0.22. The ex-dividend date is Thursday, March 29th. Realty Income’s payout ratio is 85.95%.
In other Realty Income news, EVP Benjamin N. Fox sold 2,276 shares of Realty Income stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $50.39, for a total transaction of $114,687.64. Following the completion of the sale, the executive vice president now directly owns 17,531 shares of the company’s stock, valued at approximately $883,387.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is owned by insiders.
O has been the topic of a number of recent research reports. Mizuho restated a “hold” rating and issued a $53.00 target price on shares of Realty Income in a research note on Friday, March 2nd. Stifel Nicolaus lowered their price target 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. DA Davidson upgraded Realty Income from a “neutral” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Wednesday, March 28th. B. Riley set a $56.00 price target on Realty Income and gave the company a “hold” rating in a report on Thursday, February 22nd. Finally, Citigroup raised Realty Income to a “market perform” rating in a report on Wednesday, December 20th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $61.51.
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Realty Income Company 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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