Crestline Management LP lessened its position in Realty Income Corp (NYSE:O) by 16.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 104,500 shares of the real estate investment trust’s stock after selling 20,000 shares during the period. Realty Income comprises 1.0% of Crestline Management LP’s portfolio, making the stock its 9th largest holding. Crestline Management LP’s holdings in Realty Income were worth $6,588,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Realty Income by 43.7% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 493 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 150 shares during the last quarter. Checchi Capital Advisers LLC increased its holdings in Realty Income by 4.6% during the fourth quarter. Checchi Capital Advisers LLC now owns 4,147 shares of the real estate investment trust’s stock valued at $261,000 after buying an additional 183 shares during the last quarter. Utah Retirement Systems increased its holdings in Realty Income by 0.3% during the fourth quarter. Utah Retirement Systems now owns 63,647 shares of the real estate investment trust’s stock valued at $4,012,000 after buying an additional 200 shares during the last quarter. CENTRAL TRUST Co increased its holdings in Realty Income by 35.6% during the fourth quarter. CENTRAL TRUST Co now owns 827 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 217 shares during the last quarter. Finally, First Hawaiian Bank increased its holdings in Realty Income by 24.2% during the fourth quarter. First Hawaiian Bank now owns 1,141 shares of the real estate investment trust’s stock valued at $72,000 after buying an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 74.89% of the company’s stock.
Shares of NYSE O opened at $71.24 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $21.64 billion, a PE ratio of 22.33, a PEG ratio of 5.19 and a beta of 0.18. Realty Income Corp has a 1 year low of $48.80 and a 1 year high of $72.11.
Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, February 20th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.48. The firm had revenue of $342.60 million during the quarter, compared to analysts’ expectations of $330.23 million. Realty Income had a net margin of 27.38% and a return on equity of 4.78%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 earnings per share. As a group, research analysts predict that Realty Income Corp will post 3.27 earnings per share for the current fiscal year.
The company also recently disclosed a apr 19 dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be paid a $0.226 dividend. The ex-dividend date is Friday, March 29th. Realty Income’s dividend payout ratio (DPR) is presently 84.95%.
A number of analysts have commented on O shares. Citigroup raised shares of Realty Income from a “sell” rating to a “neutral” rating and upped their target price for the company from $56.00 to $67.00 in a report on Wednesday, December 12th. Zacks Investment Research raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a report on Thursday, January 3rd. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $59.45.
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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 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
Further Reading: How Do You Calculate Return on Equity (ROE)?
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