Veriti Management LLC increased its stake in shares of Realty Income Co. (NYSE:O – Get Rating) by 26.5% during the 1st quarter, reports HoldingsChannel. The fund held 9,097 shares of the real estate investment trust after acquiring an additional 1,904 shares during the period. Veriti Management LLC’s holdings in Realty Income were worth $630,000 when it last filed with the SEC.
Several other institutional investors have also recently bought and sold shares of O. Equitec Proprietary Markets LLC purchased a new stake in Realty Income in the fourth quarter worth $25,000. Castle Financial & Retirement Planning Associates Inc. acquired a new stake in Realty Income in the fourth quarter valued at $25,000. Level Financial Advisors Inc. acquired a new stake in Realty Income in the fourth quarter worth $30,000. Rinkey Investments bought a new stake in Realty Income in the fourth quarter for $32,000. Finally, First Quadrant LP CA acquired a new stake in Realty Income in the fourth quarter at a value of $33,000. Institutional investors and hedge funds hold 76.46% of the company’s shares.
NYSE:O opened at $67.99 on Friday. Realty Income Co. has a 12-month low of $62.28 and a 12-month high of $75.40. The company has a quick ratio of 2.03, a current ratio of 2.03 and a leverage ratio of 0.62. The company has a market capitalization of $40.90 billion, a PE ratio of 66.66, a growth price-earnings ratio of 4.72 and a beta of 0.74. The company has a 50-day moving average price of $68.10 and a 200-day moving average price of $68.41.
Realty Income (NYSE:O – Get Rating) last released its quarterly results on Wednesday, May 4. The real estate investment trust reported earnings per share (EPS) of $0.34 for the quarter, missing the consensus estimate of $0.97 per ($0.63). Realty Income had a return on equity of 2.44% and a net margin of 18.91%. The company posted revenue of $807.30 million in the quarter, compared to analyst estimates of $748.69 million. During the same period last year, the company achieved EPS of $0.86. The company’s revenue for the quarter increased 82.3% year over year. On average, research analysts expect Realty Income Co. to post 3.92 EPS for the current year.
The company also recently declared a July 22 dividend, which will be paid on Friday July 15. Investors of record on Friday, July 1 will receive a dividend of $0.2475. The ex-dividend date is Thursday, June 30. Realty Income’s dividend payout ratio (DPR) is currently 290.20%.
A number of equity research analysts have released reports on O shares. StockNews.com reduced Realty Income shares from a “hold” rating to a “sell” rating in a Friday, June 10 report. . Wolfe Research downgraded shares of Realty Income from an “outperform” rating to a “market perform” rating and set a price target of $73.00 for the company. in a report on Monday, May 23. Capital One Financial restated an “equal weight” rating on Realty Income shares in a Monday, April 25 report. Credit Suisse Group began covering Realty Income shares in a report on Wednesday. They set an “outperform” rating and a price target of $75.00 for the company. Finally, TheStreet upgraded shares of Realty Income from a “c+” rating to a “b” rating in a Wednesday, May 4 research report. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned the company’s stock a buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $76.20.
About real estate income (Get a rating)
Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing shareholders with reliable monthly income. The company is structured as a REIT and its monthly dividends are supported by cash flow from over 6,500 real estate properties held under long-term lease agreements with our commercial customers.
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