Realty Income Co. (NYSE:O) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its position in Realty Income Co. (NYSE:OGet Rating) by 16.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 94,066 shares of the real estate investment trust’s stock after acquiring an additional 12,971 shares during the period. Oppenheimer & Co. Inc.’s holdings in Realty Income were worth $6,735,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Morgan Stanley raised its holdings in shares of Realty Income by 64.4% during the third quarter. Morgan Stanley now owns 10,203,228 shares of the real estate investment trust’s stock valued at $661,782,000 after acquiring an additional 3,995,356 shares during the last quarter. Cohen & Steers Inc. raised its holdings in shares of Realty Income by 502.3% during the third quarter. Cohen & Steers Inc. now owns 3,450,580 shares of the real estate investment trust’s stock valued at $223,839,000 after acquiring an additional 2,877,684 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Realty Income by 2,072.4% during the fourth quarter. Russell Investments Group Ltd. now owns 1,351,425 shares of the real estate investment trust’s stock valued at $96,800,000 after acquiring an additional 1,289,215 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Realty Income by 2.1% during the third quarter. BlackRock Inc. now owns 36,570,313 shares of the real estate investment trust’s stock valued at $2,371,951,000 after acquiring an additional 752,201 shares during the last quarter. Finally, Strs Ohio raised its holdings in shares of Realty Income by 134.1% during the fourth quarter. Strs Ohio now owns 1,054,119 shares of the real estate investment trust’s stock valued at $75,464,000 after acquiring an additional 603,888 shares during the last quarter. Institutional investors and hedge funds own 82.75% of the company’s stock.

Several research firms recently commented on O. TheStreet cut Realty Income from a “b” rating to a “c+” rating in a report on Thursday, March 3rd. Morgan Stanley lowered their price objective on Realty Income from $79.00 to $78.00 and set an “overweight” rating for the company in a research report on Thursday, March 3rd. StockNews.com assumed coverage on Realty Income in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Mizuho lowered their price objective on Realty Income from $82.00 to $76.00 in a research report on Thursday, January 20th. Finally, Wolfe Research upgraded Realty Income from a “peer perform” rating to an “outperform” rating in a research report on Tuesday, March 15th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $77.80.

O opened at $71.70 on Monday. The business’s 50-day simple moving average is $67.51 and its 200-day simple moving average is $68.90. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.95 and a current ratio of 1.95. Realty Income Co. has a one year low of $63.90 and a one year high of $74.60. The stock has a market capitalization of $42.87 billion, a P/E ratio of 76.77, a price-to-earnings-growth ratio of 3.84 and a beta of 0.80.

Realty Income (NYSE:OGet Rating) last released its quarterly earnings results on Monday, February 21st. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.92). Realty Income had a return on equity of 2.32% and a net margin of 17.25%. The company had revenue of $685.02 million for the quarter, compared to analysts’ expectations of $676.52 million. During the same period in the prior year, the business earned $0.84 EPS. The business’s quarterly revenue was up 64.0% compared to the same quarter last year. On average, equities research analysts forecast that Realty Income Co. will post 3.94 EPS for the current fiscal year.

The business also recently declared a apr 22 dividend, which will be paid on Friday, April 15th. Investors of record on Friday, April 1st will be issued a dividend of $0.247 per share. The ex-dividend date is Thursday, March 31st. Realty Income’s dividend payout ratio is currently 314.90%.

Realty Income Profile (Get Rating)

Realty Income Corp. is a real estate company, which engages in generating dependable monthly cash dividends from a consistent and predictable level of cash flow from operations. The company was founded by William E. Clark, Jr. and Evelyn Joan Clark in 1969 and is headquartered in San Diego, CA.

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

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