Donaldson Capital Management LLC lifted its stake in Realty Income Corp (NYSE:O) by 54.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,721 shares of the real estate investment trust’s stock after buying an additional 2,015 shares during the period. Donaldson Capital Management LLC’s holdings in Realty Income were worth $439,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the stock. Berman Capital Advisors LLC lifted its stake in shares of Realty Income by 62.8% in the 2nd quarter. Berman Capital Advisors LLC now owns 402 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 155 shares during the last quarter. Weaver Consulting Group bought a new position in shares of Realty Income in the 2nd quarter valued at $29,000. Liberty Wealth Management LLC lifted its stake in shares of Realty Income by 102.7% in the 2nd quarter. Liberty Wealth Management LLC now owns 444 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 225 shares during the last quarter. Asset Dedication LLC lifted its stake in shares of Realty Income by 182.7% in the 2nd quarter. Asset Dedication LLC now owns 489 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 316 shares during the last quarter. Finally, TRUE Private Wealth Advisors bought a new position in shares of Realty Income in the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 71.01% of the company’s stock.
In related news, CFO Paul M. Meurer sold 10,000 shares of Realty Income stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $75.33, for a total value of $753,300.00. Following the completion of the transaction, the chief financial officer now directly owns 30,468 shares in the company, valued at approximately $2,295,154.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director A. Larry Chapman sold 8,000 shares of Realty Income stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $75.09, for a total transaction of $600,720.00. Following the completion of the transaction, the director now owns 14,757 shares of the company’s stock, valued at $1,108,103.13. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.
A number of research firms recently weighed in on O. Zacks Investment Research upgraded Realty Income from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Tuesday, October 15th. Stifel Nicolaus increased their price objective on Realty Income from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Deutsche Bank began coverage on Realty Income in a report on Tuesday, August 27th. They issued a “hold” rating and a $73.00 price objective for the company. Jefferies Financial Group began coverage on Realty Income in a report on Thursday, October 10th. They issued a “buy” rating and a $99.00 price objective for the company. Finally, Royal Bank of Canada set a $75.00 price objective on Realty Income and gave the company a “hold” rating in a report on Friday, October 18th. 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 an average rating of “Buy” and a consensus target price of $79.60.
NYSE O traded down $1.28 during trading hours on Friday, hitting $76.29. The company’s stock had a trading volume of 1,559,416 shares, compared to its average volume of 1,698,759. Realty Income Corp has a 52 week low of $59.93 and a 52 week high of $82.17. The company has a market capitalization of $24.89 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 6.14 and a beta of 0.04. The company has a current ratio of 2.45, a quick ratio of 1.23 and a debt-to-equity ratio of 0.76. The company’s 50-day simple moving average is $78.53 and its two-hundred day simple moving average is $72.95.
Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.51). Realty Income had a net margin of 27.30% and a return on equity of 4.61%. The business had revenue of $374.20 million during the quarter, compared to the consensus estimate of $369.86 million. During the same period in the previous year, the business posted $0.34 EPS. Realty Income’s revenue was up 10.7% compared to the same quarter last year. Research analysts anticipate that Realty Income Corp will post 3.29 EPS for the current fiscal year.
The business also recently declared a nov 19 dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.227 per share. The ex-dividend date is Thursday, October 31st. Realty Income’s payout ratio is currently 85.27%.
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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