Mackenzie Financial Corp bought a new stake in Realty Income Co. (NYSE:O) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,771 shares of the real estate investment trust’s stock, valued at approximately $215,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. IFG Advisory LLC acquired a new position in Realty Income in the fourth quarter valued at about $323,000. San Francisco Sentry Investment Group CA boosted its position in Realty Income by 500.0% in 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 in the third quarter valued at about $130,000. JFS Wealth Advisors LLC boosted its position in Realty Income by 77.5% in 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 in the third quarter valued at about $137,000. 70.97% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Benjamin N. Fox sold 2,276 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 17,531 shares in the company, valued at $883,387.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.30% of the company’s stock.
A number of research firms have commented on O. B. Riley set a $56.00 price target on shares of Realty Income and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Raymond James Financial upgraded shares of Realty Income from an “underperform” rating to a “market perform” rating in a research report on Wednesday, December 20th. Citigroup upgraded shares of Realty Income to a “market perform” rating in a research report on Wednesday, December 20th. They noted that the move was a valuation call. DA Davidson upgraded shares of Realty Income from a “neutral” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Wednesday, March 28th. Finally, Mizuho reiterated a “hold” rating and set a $53.00 target price on shares of Realty Income in a research report on Friday, March 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $61.51.
Shares of O stock opened at $52.08 on Friday. Realty Income Co. has a 1 year low of $47.25 and a 1 year high of $62.31. The company has a market cap of $14,908.68, a PE ratio of 17.02, a P/E/G ratio of 4.00 and a beta of 0.18. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.83.
Realty Income (NYSE:O) last announced its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.44. Realty Income had a net margin of 26.22% and a return on equity of 5.11%. The company had revenue of $298.90 million for the quarter, compared to analyst estimates of $301.53 million. During the same period in the prior year, the business earned $0.33 earnings per share. Realty Income’s quarterly revenue was up 8.6% on a year-over-year basis. research analysts predict that Realty Income Co. will post 3.16 EPS for the current year.
The firm also recently disclosed a apr 18 dividend, which will be paid on Friday, April 13th. Investors of record on Monday, April 2nd will be issued a $0.2195 dividend. This is a positive change from Realty Income’s previous apr 18 dividend of $0.22. This represents a yield of 5.15%. The ex-dividend date of this dividend is Thursday, March 29th. Realty Income’s dividend payout ratio is currently 85.95%.
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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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