Wells Fargo & Company MN Raises Holdings in Realty Income Corp (O)

Wells Fargo & Company MN grew its stake in shares of Realty Income Corp (NYSE:O) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,787,774 shares of the real estate investment trust’s stock after acquiring an additional 50,765 shares during the period. Wells Fargo & Company MN owned 0.96% of Realty Income worth $158,597,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. BlackRock Inc. increased its holdings in shares of Realty Income by 4.6% during the second quarter. BlackRock Inc. now owns 30,317,687 shares of the real estate investment trust’s stock worth $1,630,791,000 after purchasing an additional 1,341,367 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Realty Income by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 4,190,100 shares of the real estate investment trust’s stock worth $225,390,000 after purchasing an additional 78,488 shares during the period. Bank of America Corp DE increased its holdings in shares of Realty Income by 1.2% during the second quarter. Bank of America Corp DE now owns 3,007,424 shares of the real estate investment trust’s stock worth $161,769,000 after purchasing an additional 34,897 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Realty Income by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 2,376,984 shares of the real estate investment trust’s stock worth $127,857,000 after purchasing an additional 32,189 shares during the period. Finally, Nan Shan Life Insurance Co. Ltd. increased its holdings in shares of Realty Income by 11.1% during the second quarter. Nan Shan Life Insurance Co. Ltd. now owns 2,290,304 shares of the real estate investment trust’s stock worth $123,195,000 after purchasing an additional 228,943 shares during the period. Hedge funds and other institutional investors own 68.44% of the company’s stock.

O has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Realty Income from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. Bank of America lifted their price objective on shares of Realty Income from $53.50 to $57.50 and gave the company a “neutral” rating in a research note on Monday, August 13th. Mizuho set a $58.00 price objective on shares of Realty Income and gave the company a “hold” rating in a research note on Monday, August 13th. Royal Bank of Canada lifted their price objective on shares of Realty Income from $57.00 to $60.00 and gave the company a “sector perform” rating in a research note on Tuesday. Finally, Morgan Stanley cut shares of Realty Income from an “overweight” rating to an “equal” rating and set a $31.00 price objective on the stock. in a research note on Monday, October 1st. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Realty Income presently has an average rating of “Hold” and a consensus price target of $56.78.

In other Realty Income news, Director A. Larry Chapman sold 9,000 shares of the business’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $58.56, for a total transaction of $527,040.00. Following the sale, the director now owns 18,757 shares of the company’s stock, valued at $1,098,409.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gregory Mclaughlin sold 3,100 shares of the business’s 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 sale, the director now directly owns 16,886 shares in the company, valued at approximately $979,388. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

Shares of NYSE:O opened at $62.76 on Friday. The company has a market capitalization of $18.38 billion, a P/E ratio of 20.51, a PEG ratio of 4.54 and a beta of -0.01. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.88. Realty Income Corp has a 1 year low of $47.25 and a 1 year high of $62.96.

Realty Income (NYSE:O) last posted 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 firm had revenue of $338.08 million for the quarter, compared to analysts’ expectations of $319.60 million. Realty Income had a net margin of 26.19% and a return on equity of 5.17%. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 earnings per share. As a group, equities analysts predict that Realty Income Corp will post 3.18 EPS for the current fiscal year.

The business also recently announced a nov 18 dividend, which will be paid on Thursday, November 15th. Shareholders 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 payout ratio is presently 86.60%.

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About Realty Income

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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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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