Robeco Institutional Asset Management BV increased its stake in shares of Realty Income Co. (NYSE:O – Get Rating) by 35.1% in Q1, Holdings Channel reports. The institutional investor held 38,006 shares of the real estate investment trust after purchasing an additional 9,873 shares during the quarter. Robeco Institutional Asset Management BV’s holdings in Realty Income were worth $2,633,000 at the end of the last quarter.
Other hedge funds and other institutional investors have also recently changed their positions in the company. AE Wealth Management LLC increased its holding in Realty Income shares by 10.1% during the 1st quarter. AE Wealth Management LLC now owns 58,974 shares of the real estate investment trust valued at $4,087,000 after purchasing an additional 5,413 shares during the period. SignalPoint Asset Management LLC increased its stake in Realty Income shares by 2.3% during the 4th quarter. SignalPoint Asset Management LLC now owns 6,589 shares of the real estate investment trust worth $471,000 after purchasing an additional 151 shares during the period. Commerce Bank increased its position in Realty Income by 7.5% during the fourth quarter. Commerce Bank now owns 25,792 shares of the real estate investment trust worth $1,847,000 after purchasing an additional 1,794 shares during the period. Shulman DeMeo Asset Management LLC increased its position in Realty Income by 17.5% during the 4th quarter. Shulman DeMeo Asset Management LLC now owns 3,712 shares of the real estate investment trust worth $266,000 after purchasing 553 additional shares during the period. Finally, Trust Co. of Vermont increased its position in Realty Income by 5.5% during the 1st quarter. Trust Co. of Vermont now owns 91,568 shares of the real estate investment trust worth $6,345,000 after purchasing an additional 4,733 shares during the period. 76.46% of the shares are held by institutional investors.
A number of analysts have weighed in on O shares recently. Morgan Stanley lowered its price target on Realty Income shares from $77.00 to $76.00 and set an “overweight” rating for the company. in a research report on Tuesday. Raymond James raised its price target on Realty Income shares from $76.00 to $82.00 and gave the stock an “outperform” rating in a Friday, July 8 research report. TheStreet downgraded Realty Income shares from a “c+” rating to a “b” rating in a Wednesday, May 4 research report. Capital One Financial reaffirmed an “equal weight” rating on Realty Income shares in a Monday, April 25 research report. Finally, StockNews.com downgraded Realty Income shares from a “hold” to a “sell” rating in a Friday, June 10 research report. One research analyst rated the stock with a sell rating, four gave the company a hold rating and five issued a buy rating. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $77.14.
Shares of O shares opened at $68.45 on Friday. Realty Income Co. has a 12-month low of $62.28 and a 12-month high of $75.40. The company has a debt ratio of 0.62, a current ratio of 2.03 and a quick ratio of 2.03. The company has a market capitalization of $41.18 billion, a P/E ratio of 67.11, a P/E/G ratio of 4.99 and a beta of 0.70. The company’s fifty-day moving average price is $67.41 and its two-hundred-day moving average price is $68.51.
Realty Income (NYSE:O – Get Rating) last released its results on Wednesday, May 4. The REIT reported earnings per share (EPS) of $0.34 for the quarter, missing analyst consensus estimates of $0.97 per ($0.63). The company posted revenue of $807.30 million in the quarter, versus analyst estimates of $748.69 million. Realty Income had a net margin of 18.91% and a return on equity of 2.44%. The company’s revenue for the quarter increased by 82.3% compared to the same quarter last year. In the same quarter last year, the company posted EPS of $0.86. On average, sell-side analysts expect Realty Income Co. to post 3.91 EPS for the current year.
The company also recently announced an August 22 dividend, which will be paid on Monday August 15. Shareholders of record on Monday, August 1 will receive a dividend of $0.2475. The ex-dividend date is Friday, July 29. Realty Income’s dividend payout ratio (DPR) is currently 291.18%.
Property income profile (Get a rating)
Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing shareholders with reliable monthly income. The company is structured as a REIT and its monthly dividends are supported by cash flow from over 6,500 real estate properties held under long-term lease agreements with our commercial customers.
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