Tiemann Investment Advisors LLC decreased its position in shares of Realty Income Co. (NYSE:O) by 4.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,350 shares of the real estate investment trust’s stock after selling 1,300 shares during the quarter. Realty Income makes up 1.2% of Tiemann Investment Advisors LLC’s holdings, making the stock its 23rd largest holding. Tiemann Investment Advisors LLC’s holdings in Realty Income were worth $1,445,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFG Advisory LLC purchased a new position in shares of Realty Income during the 4th quarter valued at $323,000. San Francisco Sentry Investment Group CA lifted its stake in shares of 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 purchased a new position in shares of Realty Income during the 3rd quarter valued at $130,000. JFS Wealth Advisors LLC lifted its stake in shares of 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 purchased a new position in shares of Realty Income during the 3rd quarter valued at $137,000. Institutional investors own 70.97% of the company’s stock.
In other news, EVP Benjamin N. Fox sold 2,276 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were 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 in the company, valued at approximately $883,387.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.30% of the company’s stock.
Realty Income stock opened at $52.08 on Friday. Realty Income Co. has a twelve month low of $47.25 and a twelve 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. The stock has a market capitalization of $14,908.68, a PE ratio of 17.02, a price-to-earnings-growth ratio of 4.00 and a beta of 0.18.
Realty Income (NYSE:O) last posted its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.44. Realty Income had a net margin of 26.22% and a return on equity of 5.11%. The firm had revenue of $298.90 million for the quarter, compared to the consensus estimate of $301.53 million. During the same period in the previous year, the firm posted $0.33 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. equities analysts forecast that Realty Income Co. will post 3.16 earnings per share for the current fiscal year.
The firm also recently announced a apr 18 dividend, which will be paid on Friday, April 13th. Stockholders of record on Monday, April 2nd will be issued a $0.2195 dividend. The ex-dividend date is Thursday, March 29th. This is an increase from Realty Income’s previous apr 18 dividend of $0.22. This represents a dividend yield of 5.15%. Realty Income’s payout ratio is 85.95%.
A number of research analysts recently weighed in on O shares. 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. Raymond James Financial upgraded shares of Realty Income from an “underperform” rating to a “market perform” rating in a research note on Wednesday, December 20th. B. Riley set a $56.00 price target on shares of Realty Income and gave the company a “hold” rating in a report on Tuesday, January 2nd. Stifel Nicolaus reduced their price target on shares of Realty Income from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 22nd. Finally, Mizuho reiterated a “hold” rating and issued a $53.00 price target on shares of Realty Income in a report on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. Realty Income currently has a consensus rating of “Hold” and a consensus target price of $61.51.
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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.
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