Full Sail Capital LLC purchased a new position in shares of Realty Income Corp (NYSE:O) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,970 shares of the real estate investment trust’s stock, valued at approximately $587,000.
Several other institutional investors have also modified their holdings of O. National Pension Service increased its holdings in shares of Realty Income by 4.7% during the 4th quarter. National Pension Service now owns 330,839 shares of the real estate investment trust’s stock worth $23,086,000 after buying an additional 14,838 shares during the last quarter. TrinityPoint Wealth LLC increased its holdings in shares of Realty Income by 12.8% during the 1st quarter. TrinityPoint Wealth LLC now owns 3,969 shares of the real estate investment trust’s stock worth $292,000 after buying an additional 451 shares during the last quarter. Unigestion Holding SA acquired a new stake in shares of Realty Income during the 4th quarter worth $353,000. Tredje AP fonden increased its holdings in shares of Realty Income by 112.2% during the 4th quarter. Tredje AP fonden now owns 10,489 shares of the real estate investment trust’s stock worth $664,000 after buying an additional 5,545 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Realty Income by 5.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 120,045 shares of the real estate investment trust’s stock worth $7,568,000 after buying an additional 6,601 shares during the last quarter. 69.28% of the stock is currently owned by institutional investors.
Shares of Realty Income stock traded up $0.57 during trading hours on Friday, hitting $73.27. 1,415,058 shares of the company’s stock traded hands, compared to its average volume of 1,537,897. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.35 and a quick ratio of 1.35. The company has a market capitalization of $23.19 billion, a PE ratio of 22.97, a P/E/G ratio of 4.97 and a beta of 0.16. Realty Income Corp has a twelve month low of $52.67 and a twelve month high of $74.14.
Realty Income (NYSE:O) last announced its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.43). The business had revenue of $354.40 million for the quarter, compared to analyst estimates of $335.37 million. Realty Income had a net margin of 28.70% and a return on equity of 7.65%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.29 earnings per share. On average, equities analysts expect that Realty Income Corp will post 3.3 earnings per share for the current fiscal year.
The firm also recently announced a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be paid a dividend of $0.227 per share. The ex-dividend date is Friday, June 28th. This is an increase from Realty Income’s previous monthly dividend of $0.18. This represents a $2.72 annualized dividend and a dividend yield of 3.72%. Realty Income’s dividend payout ratio (DPR) is currently 84.95%.
In other news, EVP Benjamin N. Fox sold 2,631 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $70.70, for a total transaction of $186,011.70. Following the transaction, the executive vice president now owns 12,812 shares of the company’s stock, valued at $905,808.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald Merriman sold 6,000 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $70.72, for a total transaction of $424,320.00. Following the transaction, the director now directly owns 18,075 shares in the company, valued at approximately $1,278,264. The disclosure for this sale can be found here. Insiders have sold 19,460 shares of company stock valued at $1,366,521 over the last 90 days. Insiders own 0.20% of the company’s stock.
A number of analysts have recently commented on the company. Citigroup set a $70.00 price objective on Realty Income and gave the stock a “hold” rating in a report on Tuesday, February 26th. Capital One Financial downgraded Realty Income from an “equal weight” rating to an “underweight” rating in a report on Tuesday, March 19th. Wells Fargo & Co increased their price target on Realty Income from $71.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. They noted that the move was a valuation call. Zacks Investment Research downgraded Realty Income from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. Finally, Stifel Nicolaus increased their price target on Realty Income from $70.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $61.91.
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Realty Income Company Profile
Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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