Cozad Asset Management Inc. lessened its stake in Realty Income Corp (NYSE:O) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,865 shares of the real estate investment trust’s stock after selling 386 shares during the quarter. Cozad Asset Management Inc.’s holdings in Realty Income were worth $2,198,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Gilman Hill Asset Management LLC acquired a new stake in Realty Income during the third quarter worth $209,000. DNB Asset Management AS boosted its position in shares of Realty Income by 5.2% during the third quarter. DNB Asset Management AS now owns 34,389 shares of the real estate investment trust’s stock worth $1,956,000 after buying an additional 1,689 shares during the period. Bell Rock Capital LLC purchased a new position in shares of Realty Income during the third quarter worth $104,000. Equitable Trust Co. boosted its position in shares of Realty Income by 5.1% during the third quarter. Equitable Trust Co. now owns 20,296 shares of the real estate investment trust’s stock worth $1,155,000 after buying an additional 989 shares during the period. Finally, NEXT Financial Group Inc purchased a new position in shares of Realty Income during the third quarter worth $172,000. 69.69% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently issued reports on O. Morgan Stanley lowered Realty Income from an “overweight” rating to an “equal” rating and set a $31.00 target price for the company. in a report on Monday, October 1st. Citigroup upgraded Realty Income from a “sell” rating to a “neutral” rating and lifted their target price for the company from $56.00 to $67.00 in a report on Wednesday, December 12th. Zacks Investment Research upgraded Realty Income from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a report on Friday, October 5th. ValuEngine raised Realty Income from a “hold” rating to a “buy” rating in a report on Tuesday, October 23rd. Finally, Bank of America raised Realty Income from a “neutral” rating to a “buy” rating and set a $72.00 price target for the company in a report on Thursday, November 15th. Seven equities research 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 an average price target of $59.00.
Shares of O traded down $0.76 during midday trading on Monday, reaching $63.53. 23,101 shares of the stock were exchanged, compared to its average volume of 2,371,450. 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 $66.91. The stock has a market capitalization of $18.57 billion, a P/E ratio of 20.78, a price-to-earnings-growth ratio of 4.11 and a beta of 0.09.
Realty Income (NYSE:O) last posted its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.01. Realty Income had a return on equity of 5.17% and a net margin of 26.19%. The business had revenue of $338.08 million for the quarter, compared to analysts’ expectations of $319.60 million. During the same quarter in the previous year, the firm earned $0.77 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts forecast that Realty Income Corp will post 3.13 EPS for the current fiscal year.
The company also recently announced a monthly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, January 2nd will be given a dividend of $0.221 per share. The ex-dividend date is Monday, December 31st. This represents a $2.65 dividend on an annualized basis and a dividend yield of 4.17%. This is a boost from Realty Income’s previous monthly dividend of $0.22. Realty Income’s payout ratio is 86.60%.
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 5,600 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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