NN Investment Partners Holdings N.V. acquired a new position in Realty Income Corp (NYSE:O) in the third quarter, Holdings Channel reports. The institutional investor acquired 12,461 shares of the real estate investment trust’s stock, valued at approximately $709,000.
Several other institutional investors have also recently modified their holdings of the company. Tarbox Family Office Inc. raised its stake in Realty Income by 2.2% during the 3rd quarter. Tarbox Family Office Inc. now owns 140,141 shares of the real estate investment trust’s stock valued at $7,973,000 after purchasing an additional 3,053 shares during the last quarter. Gilman Hill Asset Management LLC bought a new stake in Realty Income in the 3rd quarter valued at $209,000. State Treasurer State of Michigan increased its holdings in Realty Income by 2.6% in the 3rd quarter. State Treasurer State of Michigan now owns 86,424 shares of the real estate investment trust’s stock valued at $4,917,000 after buying an additional 2,200 shares during the period. Sawtooth Solutions LLC increased its holdings in Realty Income by 84.5% in the 3rd quarter. Sawtooth Solutions LLC now owns 28,592 shares of the real estate investment trust’s stock valued at $1,627,000 after buying an additional 13,099 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in Realty Income by 39.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,323,250 shares of the real estate investment trust’s stock valued at $74,868,000 after buying an additional 376,308 shares during the period. Institutional investors and hedge funds own 68.44% of the company’s stock.
In other Realty Income news, Director Gregory Mclaughlin sold 3,100 shares of the stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $58.00, for a total transaction of $179,800.00. Following the sale, the director now owns 16,886 shares of the company’s stock, valued at approximately $979,388. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director A. Larry Chapman sold 9,000 shares of the stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $58.56, for a total transaction of $527,040.00. Following the sale, the director now directly owns 18,757 shares in the company, valued at approximately $1,098,409.92. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.
O opened at $62.29 on Thursday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.20 and a current ratio of 1.20. Realty Income Corp has a twelve month low of $47.25 and a twelve month high of $62.30. The stock has a market capitalization of $18.17 billion, a PE ratio of 20.36, a PEG ratio of 4.48 and a beta of -0.01.
Realty Income (NYSE:O) last posted its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.01. Realty Income had a net margin of 26.19% and a return on equity of 5.17%. The business had revenue of $338.08 million for the quarter, compared to analyst estimates of $319.60 million. During the same quarter in the prior year, the firm earned $0.77 EPS. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. Analysts expect that Realty Income Corp will post 3.18 earnings per share for the current year.
The company also recently announced a nov 18 dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be issued a $0.2205 dividend. This represents a dividend yield of 4.56%. The ex-dividend date of this dividend is Wednesday, October 31st. Realty Income’s payout ratio is 86.60%.
Several brokerages have issued reports on O. Mizuho set a $58.00 price target on shares of Realty Income and gave the company a “hold” rating in a report on Monday, August 13th. ValuEngine raised shares of Realty Income from a “hold” rating to a “buy” rating in a report on Tuesday, October 23rd. Bank of America boosted their price target on shares of Realty Income from $53.50 to $57.50 and gave the company a “neutral” rating in a report on Monday, August 13th. Zacks Investment Research lowered shares of Realty Income from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. Finally, Royal Bank of Canada boosted their price target on shares of Realty Income from $57.00 to $60.00 and gave the company a “sector perform” rating in a report on Tuesday. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $56.78.
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Realty Income 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 5,400 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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