Driehaus Capital Management LLC lessened its position in Realty Income Corp (NYSE:O) by 68.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,130 shares of the real estate investment trust’s stock after selling 51,730 shares during the period. Driehaus Capital Management LLC’s holdings in Realty Income were worth $1,376,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. San Francisco Sentry Investment Group CA increased its holdings in shares of Realty Income by 500.0% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,800 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 1,500 shares during the period. Wealthcare Advisory Partners LLC acquired a new stake in shares of Realty Income in the 3rd quarter worth about $130,000. JFS Wealth Advisors LLC increased its stake 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 during the period. FNY Managed Accounts LLC acquired a new position in Realty Income during the 3rd quarter valued at about $137,000. Finally, Advisors Preferred LLC acquired a new position in Realty Income during the 4th quarter valued at about $166,000. 71.02% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have commented on the stock. Mizuho reissued a “hold” rating and set a $53.00 target price on shares of Realty Income in a research note on Friday, March 2nd. B. Riley set a $56.00 target price on shares of Realty Income and gave the company a “hold” rating in a research note on Monday, December 4th. Stifel Nicolaus lowered their target price on shares of Realty Income from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 22nd. Vetr raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $58.60 target price on the stock in a research note on Monday, November 20th. Finally, Citigroup raised 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $62.08.
Realty Income (NYSE:O) last posted its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.44. The business had revenue of $298.90 million during the quarter, compared to analyst estimates of $301.53 million. Realty Income had a net margin of 26.22% and a return on equity of 5.11%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 earnings per share. sell-side analysts predict that Realty Income Corp will post 3.16 EPS for the current year.
The business also recently declared a apr 18 dividend, which will be paid on Friday, April 13th. Stockholders of record on Monday, April 2nd will be given a $0.2195 dividend. Realty Income’s dividend payout ratio (DPR) is 236.94%.
In other 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 completion of the sale, the executive vice president now directly owns 17,531 shares of the company’s stock, valued at $883,387.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by corporate insiders.
About Realty Income
Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. As of December 31, 2016, the Company owned a diversified portfolio of 4,944 properties located in 49 states and Puerto Rico, with over 83.0 million square feet of leasable space leased to 248 different commercial tenants doing business in 47 separate industries.
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