Los Angeles Capital Management LLC lessened its position in Realty Income Co. (NYSE:O – Get Rating) by 10.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 268,768 shares of the real estate investment trust’s stock after selling 31,240 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Realty Income were worth $18,626,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. TFG Advisers LLC lifted its position in shares of Realty Income by 1.1% in the 1st quarter. TFG Advisers LLC now owns 12,286 shares of the real estate investment trust’s stock worth $851,000 after acquiring an additional 134 shares during the period. Larson Financial Group LLC lifted its position in shares of Realty Income by 36.3% in the 4th quarter. Larson Financial Group LLC now owns 567 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 151 shares during the period. Camden Capital LLC lifted its position in shares of Realty Income by 1.1% in the 1st quarter. Camden Capital LLC now owns 14,126 shares of the real estate investment trust’s stock worth $979,000 after acquiring an additional 159 shares during the period. First Affirmative Financial Network lifted its position in shares of Realty Income by 2.2% in the 1st quarter. First Affirmative Financial Network now owns 8,432 shares of the real estate investment trust’s stock worth $584,000 after acquiring an additional 180 shares during the period. Finally, MUFG Americas Holdings Corp lifted its position in shares of Realty Income by 30.3% in the 1st quarter. MUFG Americas Holdings Corp now owns 782 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 182 shares during the period. 76.46% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have commented on the company. Capital One Financial reiterated an “equal weight” rating on shares of Realty Income in a research report on Monday, April 25th. StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a research report on Saturday. Raymond James increased their target price on Realty Income from $76.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, July 8th. Wolfe Research cut Realty Income from an “outperform” rating to a “market perform” rating and set a $73.00 target price for the company. in a report on Monday, May 23rd. Finally, Morgan Stanley dropped their target price on Realty Income from $77.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, July 12th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $77.14.
Realty Income Stock Up 0.4 %
Realty Income (NYSE:O – Get Rating) last released its earnings results on Wednesday, May 4th. The real estate investment trust reported $0.34 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.63). The firm had revenue of $807.30 million during the quarter, compared to analyst estimates of $748.69 million. Realty Income had a net margin of 20.10% and a return on equity of 2.37%. The firm’s quarterly revenue was up 82.3% on a year-over-year basis. During the same period last year, the business posted $0.86 earnings per share. On average, equities research analysts forecast that Realty Income Co. will post 3.9 EPS for the current year.
Realty Income Announces Dividend
The company also recently announced a aug 22 dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 1st will be paid a $0.2475 dividend. The ex-dividend date of this dividend is Friday, July 29th. Realty Income’s dividend payout ratio (DPR) is currently 280.19%.
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 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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