Creative Planning grew its holdings in shares of Realty Income Corp (NYSE:O) by 2.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 79,190 shares of the real estate investment trust’s stock after buying an additional 1,844 shares during the period. Creative Planning’s holdings in Realty Income were worth $6,072,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Holderness Investments Co. boosted its holdings in Realty Income by 28.6% in the third quarter. Holderness Investments Co. now owns 10,704 shares of the real estate investment trust’s stock worth $821,000 after acquiring an additional 2,383 shares in the last quarter. First National Trust Co boosted its holdings in Realty Income by 17.6% in the third quarter. First National Trust Co now owns 67,589 shares of the real estate investment trust’s stock worth $5,183,000 after acquiring an additional 10,111 shares in the last quarter. Mutual Advisors LLC boosted its holdings in Realty Income by 5.6% in the third quarter. Mutual Advisors LLC now owns 34,599 shares of the real estate investment trust’s stock worth $2,653,000 after acquiring an additional 1,823 shares in the last quarter. Mackay Shields LLC boosted its holdings in Realty Income by 121.6% in the third quarter. Mackay Shields LLC now owns 170,958 shares of the real estate investment trust’s stock worth $13,109,000 after acquiring an additional 93,816 shares in the last quarter. Finally, Synovus Financial Corp boosted its holdings in Realty Income by 16.5% in the third quarter. Synovus Financial Corp now owns 1,325 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 188 shares in the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.
Realty Income stock traded down $0.52 during mid-day trading on Friday, reaching $77.05. 476,507 shares of the stock traded hands, compared to its average volume of 1,698,759. The stock has a market capitalization of $24.89 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 6.14 and a beta of 0.04. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.45 and a quick ratio of 1.23. Realty Income Corp has a 12-month low of $59.93 and a 12-month high of $82.17. The business’s 50-day moving average is $78.53 and its 200-day moving average is $72.95.
Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.51). The firm had revenue of $374.20 million for the quarter, compared to analysts’ expectations of $369.86 million. Realty Income had a net margin of 27.30% and a return on equity of 4.61%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 EPS. Equities analysts anticipate that Realty Income Corp will post 3.29 EPS for the current fiscal year.
The company also recently disclosed a nov 19 dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.227 per share. The ex-dividend date is Thursday, October 31st. Realty Income’s dividend payout ratio (DPR) is presently 85.27%.
Several equities research analysts have commented on the company. Deutsche Bank assumed coverage on Realty Income in a report on Tuesday, August 27th. They issued a “hold” rating and a $73.00 target price on the stock. Morgan Stanley upped their price target on Realty Income from $72.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, September 17th. Wells Fargo & Co set a $82.00 price target on Realty Income and gave the company a “buy” rating in a report on Tuesday, September 3rd. Jefferies Financial Group started coverage on Realty Income in a report on Thursday, October 10th. They set a “buy” rating and a $99.00 price target on the stock. Finally, Royal Bank of Canada set a $75.00 price target on Realty Income and gave the company a “hold” rating in a report on Friday, October 18th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Realty Income currently has an average rating of “Buy” and a consensus price target of $79.60.
In other Realty Income news, CFO Paul M. Meurer sold 10,000 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $75.33, for a total value of $753,300.00. Following the completion of the sale, the chief financial officer now owns 30,468 shares in the company, valued at $2,295,154.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director A. Larry Chapman sold 8,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $75.09, for a total value of $600,720.00. Following the completion of the sale, the director now owns 14,757 shares of the company’s stock, valued at approximately $1,108,103.13. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.
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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