Keybank National Association OH Has $14.06 Million Stake in Realty Income Corp (NYSE:O)

Keybank National Association OH boosted its stake in Realty Income Corp (NYSE:O) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,295 shares of the real estate investment trust’s stock after buying an additional 1,579 shares during the quarter. Keybank National Association OH owned approximately 0.06% of Realty Income worth $14,056,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. First Allied Advisory Services Inc. boosted its stake in Realty Income by 6.1% in the 2nd quarter. First Allied Advisory Services Inc. now owns 63,752 shares of the real estate investment trust’s stock valued at $4,397,000 after buying an additional 3,642 shares in the last quarter. Spirit of America Management Corp NY boosted its stake in Realty Income by 8.2% in the second quarter. Spirit of America Management Corp NY now owns 13,830 shares of the real estate investment trust’s stock worth $953,000 after purchasing an additional 1,050 shares in the last quarter. AGF Investments LLC boosted its stake in Realty Income by 27.3% in the second quarter. AGF Investments LLC now owns 4,314 shares of the real estate investment trust’s stock worth $298,000 after purchasing an additional 924 shares in the last quarter. BB&T Securities LLC boosted its stake in Realty Income by 0.3% in the second quarter. BB&T Securities LLC now owns 136,802 shares of the real estate investment trust’s stock worth $9,435,000 after purchasing an additional 448 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in Realty Income by 108.4% in the second quarter. Canada Pension Plan Investment Board now owns 273,985 shares of the real estate investment trust’s stock worth $18,897,000 after purchasing an additional 142,490 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

O has been the topic of a number of recent analyst reports. ValuEngine lowered Realty Income from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Deutsche Bank initiated coverage on Realty Income in a research note on Tuesday, August 27th. They issued a “hold” rating and a $73.00 price objective on the stock. Stifel Nicolaus boosted their price objective on Realty Income from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Wells Fargo & Co set a $82.00 price objective on Realty Income and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, Jefferies Financial Group initiated coverage on Realty Income in a research note on Thursday, October 10th. They issued a “buy” rating and a $99.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Realty Income presently has a consensus rating of “Buy” and an average target price of $79.60.

Shares of O stock traded down $1.34 on Friday, reaching $76.23. 1,297,705 shares of the stock were exchanged, compared to its average volume of 1,698,759. The stock has a market cap of $24.89 billion, a PE ratio of 23.90, a P/E/G ratio of 6.14 and a beta of 0.04. Realty Income Corp has a one year low of $59.93 and a one year high of $82.17. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.45 and a quick ratio of 1.23. The stock has a 50 day moving average price of $78.53 and a 200 day moving average price of $72.95.

Realty Income (NYSE:O) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.32 earnings per share 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 the consensus estimate of $369.86 million. Realty Income had a return on equity of 4.61% and a net margin of 27.30%. The company’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 EPS. On average, research analysts expect that Realty Income Corp will post 3.29 earnings per share for the current fiscal year.

The company also recently announced a nov 19 dividend, which will be paid on Friday, November 15th. Stockholders 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 payout ratio is currently 85.27%.

In related 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director A. Larry Chapman sold 8,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were 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. Insiders own 0.20% of the company’s stock.

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.

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

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