tru Independence LLC Invests $58,000 in Realty Income Co. (NYSE:O)


Share on StockTwits

tru Independence LLC acquired a new position in shares of Realty Income Co. (NYSE:O) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 942 shares of the real estate investment trust’s stock, valued at approximately $58,000.

Several other hedge funds have also recently added to or reduced their stakes in O. Key Financial Inc acquired a new stake in shares of Realty Income during the 4th quarter worth $25,000. Safeguard Investment Advisory Group LLC acquired a new stake in shares of Realty Income during the 4th quarter worth $26,000. Capital Asset Advisory Services LLC acquired a new stake in shares of Realty Income during the 4th quarter worth $31,000. Vantage Consulting Group Inc acquired a new stake in shares of Realty Income during the 4th quarter worth $32,000. Finally, Regent Peak Wealth Advisors LLC acquired a new stake in Realty Income in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 73.10% of the company’s stock.

Shares of O stock opened at $65.55 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 4.77 and a current ratio of 4.77. Realty Income Co. has a one year low of $47.68 and a one year high of $66.80. The company’s 50-day simple moving average is $62.38 and its 200-day simple moving average is $61.12. The stock has a market capitalization of $24.48 billion, a price-to-earnings ratio of 54.17, a PEG ratio of 4.80 and a beta of 0.64.

Realty Income (NYSE:O) last issued its quarterly earnings results on Sunday, February 21st. The real estate investment trust reported $0.33 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.50). Realty Income had a return on equity of 3.96% and a net margin of 24.94%. The company had revenue of $418.10 million for the quarter, compared to the consensus estimate of $398.27 million. During the same period in the previous year, the business posted $0.39 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, research analysts forecast that Realty Income Co. will post 3.4 EPS for the current year.

The business also recently declared a monthly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Thursday, April 1st will be given a dividend of $0.235 per share. This is a boost from Realty Income’s previous monthly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, March 31st. This represents a $2.82 annualized dividend and a dividend yield of 4.30%. Realty Income’s dividend payout ratio (DPR) is presently 84.94%.

O has been the subject of several recent research reports. The Goldman Sachs Group initiated coverage on Realty Income in a report on Friday, January 22nd. They issued a “conviction-buy” rating for the company. Morgan Stanley increased their price target on Realty Income from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Tuesday, December 15th. Robert W. Baird initiated coverage on Realty Income in a report on Wednesday, December 16th. They issued a “neutral” rating for the company. Finally, Mizuho reiterated a “neutral” rating and issued a $62.00 price target on shares of Realty Income in a report on Wednesday, March 10th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $67.80.

About Realty Income

Realty Income, The Monthly Dividend Company<sup>®</sup>, 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 commercial tenants.

Featured Article: Understanding the two types of arbitrage

Want to see what other hedge funds are holding O? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realty Income Co. (NYSE:O).

Institutional Ownership by Quarter for Realty Income (NYSE:O)

Receive News & Ratings for Realty Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income and related companies with MarketBeat.com's FREE daily email newsletter.