Private Advisor Group LLC increased its stake in shares of Realty Income Corp (NYSE:O) by 62.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,021 shares of the real estate investment trust’s stock after buying an additional 19,529 shares during the quarter. Private Advisor Group LLC’s holdings in Realty Income were worth $2,903,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of O. Moody National Bank Trust Division bought a new position in Realty Income in the 3rd quarter valued at $136,000. NEXT Financial Group Inc bought a new position in Realty Income in the 3rd quarter valued at $172,000. New England Asset Management Inc. bought a new position in Realty Income in the 2nd quarter valued at $178,000. Piedmont Investment Advisors LLC bought a new position in Realty Income in the 2nd quarter valued at $179,000. Finally, Elmwood Wealth Management Inc. raised its position in Realty Income by 100.0% in the 2nd quarter. Elmwood Wealth Management Inc. now owns 3,392 shares of the real estate investment trust’s stock valued at $179,000 after purchasing an additional 1,696 shares during the last quarter. Institutional investors and hedge funds own 68.44% of the company’s stock.
O stock opened at $62.76 on Friday. The firm has a market cap of $18.38 billion, a PE ratio of 19.71, a PEG ratio of 4.54 and a beta of -0.01. Realty Income Corp has a twelve month low of $47.25 and a twelve month high of $62.96. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.88.
Realty Income (NYSE:O) last released its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $338.08 million during the quarter, compared to the consensus estimate of $319.60 million. Realty Income had a return on equity of 5.17% and a net margin of 26.19%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.77 earnings per share. On average, equities research analysts predict that Realty Income Corp will post 3.18 earnings per share for the current fiscal year.
The business also recently disclosed a nov 18 dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 1st will be paid a dividend of $0.2205 per share. The ex-dividend date is Wednesday, October 31st. This represents a dividend yield of 4.56%. Realty Income’s dividend payout ratio (DPR) is presently 86.60%.
In related news, Director Gregory Mclaughlin sold 3,100 shares of Realty Income stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $58.00, for a total transaction of $179,800.00. Following the completion of the sale, the director now directly owns 16,886 shares of the company’s stock, valued at $979,388. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director A. Larry Chapman sold 9,000 shares of Realty Income stock in a transaction on Friday, August 24th. The stock was sold at an average price of $58.56, for a total value of $527,040.00. Following the sale, the director now directly owns 18,757 shares of the company’s stock, valued at $1,098,409.92. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.
A number of equities research analysts have recently weighed in on O shares. Morgan Stanley downgraded Realty Income from an “overweight” rating to an “equal” rating and set a $31.00 target price for the company. in a research report on Monday, October 1st. Zacks Investment Research upgraded Realty Income from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Friday, October 5th. Janney Montgomery Scott downgraded Realty Income from a “buy” rating to a “neutral” rating and set a $44.00 target price for the company. in a research report on Wednesday, August 29th. They noted that the move was a valuation call. Wells Fargo & Co set a $65.00 target price on Realty Income and gave the stock a “buy” rating in a research report on Tuesday, September 4th. Finally, ValuEngine upgraded Realty Income from a “hold” rating to a “buy” rating in a research report on Tuesday, October 23rd. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $56.78.
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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 5,400 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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