Spire Wealth Management raised its position in shares of Realty Income Co. (NYSE:O – Get Rating) by 9.7% in the first quarter, HoldingsChannel reports. The company held 18,997 shares of the real estate investment trust after acquiring an additional 1,682 shares during the period. Spire Wealth Management’s holdings in Realty Income were worth $1,317,000 when it last filed with the SEC.
A number of other hedge funds and other institutional investors have also recently changed their holdings in the company. Equitec Proprietary Markets LLC bought a new position in shares of Realty Income in the 4th quarter for a value of $25,000. Castle Financial & Retirement Planning Associates Inc. bought a new position in Realty Income stock in Q4 worth $25,000. Level Financial Advisors Inc. bought a new position in shares of Realty Income in Q4 worth $30,000. Rinkey Investments bought a new position in shares of Realty Income in Q4 worth $32,000. Finally, First Quadrant LP CA bought a new position in shares of Realty Income in the 4th quarter at a value of $33,000. 76.46% of the shares are held by institutional investors and hedge funds.
Realty Income stock opened at $69.13 on Wednesday. The company has a debt ratio of 0.62, a quick ratio of 2.03 and a current ratio of 2.03. The company’s 50-day simple moving average is $67.86 and its two-hundred-day simple moving average is $68.45. The company has a market capitalization of $41.59 billion, a PE ratio of 67.78, a PEG ratio of 4.99 and a beta of 0.74. Realty Income Co. has a fifty-two week low of $62.28 and a fifty-two week high of $75.40.
Realty Income (NYSE:O – Get Rating) last released its quarterly results on Wednesday, May 4. The real estate investment trust reported earnings per share of $0.34 for the quarter, missing the consensus estimate of $0.97 per ($0.63). The company posted revenue of $807.30 million for the quarter, compared to $748.69 million expected by analysts. Realty Income had a net margin of 18.91% and a return on equity of 2.44%. The company’s revenue for the quarter increased by 82.3% compared to the same quarter last year. In the same quarter a year earlier, the company posted EPS of $0.86. As a group, analysts predict Realty Income Co. will post 3.92 EPS for the current fiscal year.
The company also recently announced a July 22 dividend, which will be paid on Friday July 15. Shareholders of record on Friday, July 1 will receive a dividend of $0.2475. The ex-dividend date is Thursday, June 30. Realty Income’s payout ratio is 290.20%.
O has been the subject of several recent research reports. StockNews.com downgraded real estate income from a “hold” rating to a “sell” rating in a Friday, June 10 research report. Wolfe Research downgraded Realty Income from an “outperform” rating to a “market perform” rating and set a target price of $73.00 for the stock. in a research report on Monday, May 23. Credit Suisse Group launched a hedge on property income in a research report on Wednesday, June 22. They set an “outperform” rating and a target price of $75.00 on the stock. TheStreet upgraded Realty Income from a “c+” rating to a “b” rating in a research report on Wednesday May 4. Finally, Capital One Financial reaffirmed an “equal weight” rating on Realty Income shares in a Monday, April 25 research report. One financial analyst gave the stock a sell rating, four gave the company a hold rating and four gave the company a buy rating. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $76.20.
Property income profile (Get an assessment)
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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