Texas Permanent School Fund trimmed its stake in Realty Income Co. (NYSE:O – Get Rating) by 6.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 73,383 shares of the real estate investment trust’s stock after selling 4,652 shares during the quarter. Texas Permanent School Fund’s holdings in Realty Income were worth $5,085,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of O. TFG Advisers LLC grew its holdings in shares of Realty Income by 1.1% during the first quarter. TFG Advisers LLC now owns 12,286 shares of the real estate investment trust’s stock valued at $851,000 after buying an additional 134 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Realty Income by 36.3% during the fourth quarter. Larson Financial Group LLC now owns 567 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 151 shares during the last quarter. First Affirmative Financial Network grew its holdings in shares of Realty Income by 2.2% during the first quarter. First Affirmative Financial Network now owns 8,432 shares of the real estate investment trust’s stock valued at $584,000 after buying an additional 180 shares during the last quarter. MUFG Americas Holdings Corp grew its holdings in shares of Realty Income by 30.3% during the first quarter. MUFG Americas Holdings Corp now owns 782 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 182 shares during the last quarter. Finally, Regal Investment Advisors LLC grew its holdings in shares of Realty Income by 5.3% during the fourth quarter. Regal Investment Advisors LLC now owns 3,752 shares of the real estate investment trust’s stock valued at $269,000 after buying an additional 188 shares during the last quarter. 76.46% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. Credit Suisse Group assumed coverage on shares of Realty Income in a report on Wednesday, June 22nd. They set an “outperform” rating and a $75.00 price target on the stock. StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a report on Saturday. TheStreet upgraded shares of Realty Income from a “c+” rating to a “b” rating in a report on Wednesday, May 4th. Morgan Stanley cut their price target on shares of Realty Income from $77.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, July 12th. Finally, Capital One Financial restated an “equal weight” rating on shares of Realty Income in a report on Monday, April 25th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Realty Income has a consensus rating of “Moderate Buy” and an average price target of $77.14.
Realty Income Stock Performance
Realty Income (NYSE:O – Get Rating) last released its earnings results on Wednesday, May 4th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.63). Realty Income had a return on equity of 2.51% and a net margin of 20.10%. The firm had revenue of $807.30 million during the quarter, compared to analysts’ expectations of $748.69 million. During the same period in the prior year, the business earned $0.86 earnings per share. The business’s quarterly revenue was up 82.3% compared to the same quarter last year. On average, analysts expect that Realty Income Co. will post 3.9 earnings per share for the current year.
Realty Income Announces Dividend
The business also recently declared a aug 22 dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 1st will be given a $0.2475 dividend. The ex-dividend date of this dividend is Friday, July 29th. Realty Income’s dividend payout ratio (DPR) is presently 280.19%.
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 6,500 real estate properties owned under long-term lease agreements with our commercial clients.
- Get a free copy of the StockNews.com research report on Realty Income (O)
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