Anchor Capital Advisors LLC trimmed its position in shares of Realty Income Co. (NYSE:O) by 43.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,530 shares of the real estate investment trust’s stock after selling 3,415 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Realty Income were worth $234,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in O. Candriam Luxembourg S.C.A. lifted its stake in shares of Realty Income by 24.7% in the first quarter. Candriam Luxembourg S.C.A. now owns 24,628 shares of the real estate investment trust’s stock worth $1,274,000 after acquiring an additional 4,885 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of Realty Income by 90.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 27,922 shares of the real estate investment trust’s stock worth $1,444,000 after acquiring an additional 13,285 shares during the period. Glen Harbor Capital Management LLC lifted its stake in shares of Realty Income by 8.4% in the first quarter. Glen Harbor Capital Management LLC now owns 23,630 shares of the real estate investment trust’s stock worth $1,223,000 after acquiring an additional 1,836 shares during the period. Northern Trust Corp lifted its stake in shares of Realty Income by 3.8% in the first quarter. Northern Trust Corp now owns 5,236,142 shares of the real estate investment trust’s stock worth $270,866,000 after acquiring an additional 192,423 shares during the period. Finally, 6 Meridian acquired a new position in shares of Realty Income in the first quarter worth approximately $480,000. 69.91% of the stock is currently owned by hedge funds and other institutional investors.
O has been the topic of a number of recent analyst reports. DA Davidson raised Realty Income from a “neutral” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Wednesday, March 28th. Stifel Nicolaus cut 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. Mizuho reaffirmed a “hold” rating and issued a $53.00 price objective on shares of Realty Income in a research note on Friday, March 2nd. B. Riley set a $56.00 price objective on Realty Income and gave the stock a “hold” rating in a research note on Thursday, February 22nd. Finally, ValuEngine lowered Realty Income from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. Realty Income has an average rating of “Hold” and a consensus price target of $62.40.
In other news, Director Kathleen Allen sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $52.55, for a total transaction of $210,200.00. Following the completion of the sale, the director now owns 78,000 shares in the company, valued at $4,098,900. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Benjamin N. Fox sold 2,276 shares of the business’s 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 sale, the executive vice president now owns 17,531 shares of the company’s stock, valued at approximately $883,387.09. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.
Shares of O stock opened at $52.84 on Friday. The company has a market capitalization of $15.07 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 3.75 and a beta of 0.16. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.90. Realty Income Co. has a fifty-two week low of $47.25 and a fifty-two week high of $60.05.
Realty Income (NYSE:O) last issued its earnings results on Tuesday, May 8th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.04). The business had revenue of $318.30 million during the quarter, compared to the consensus estimate of $305.83 million. Realty Income had a return on equity of 4.99% and a net margin of 25.33%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 earnings per share. research analysts anticipate that Realty Income Co. will post 3.17 earnings per share for the current year.
The firm also recently announced a jun 18 dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be issued a $0.2195 dividend. The ex-dividend date of this dividend is Thursday, May 31st. This represents a yield of 5.04%. Realty Income’s payout ratio is currently 85.95%.
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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