IHT Wealth Management LLC lifted its position in shares of Realty Income Co. (NYSE:O – Get Rating) by 14.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,482 shares of the real estate investment trust’s stock after purchasing an additional 3,683 shares during the period. IHT Wealth Management LLC’s holdings in Realty Income were worth $1,658,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Wagner Wealth Management LLC bought a new stake in Realty Income in the second quarter valued at approximately $25,000. HWG Holdings LP acquired a new position in Realty Income in the third quarter valued at approximately $41,000. Old North State Trust LLC acquired a new position in Realty Income in the third quarter valued at approximately $47,000. CI Investments Inc. lifted its stake in Realty Income by 1,004.1% in the third quarter. CI Investments Inc. now owns 806 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 733 shares during the period. Finally, Riverview Trust Co lifted its stake in Realty Income by 90.5% in the third quarter. Riverview Trust Co now owns 924 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 439 shares during the period. 80.56% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. StockNews.com assumed coverage on Realty Income in a research note on Thursday. They issued a “sell” rating on the stock. Raymond James lowered Realty Income from an “outperform” rating to a “market perform” rating in a research report on Monday, January 9th. BNP Paribas assumed coverage on Realty Income in a research report on Tuesday, January 17th. They set a “neutral” rating and a $72.00 target price on the stock. Mizuho lowered their target price on Realty Income from $69.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, March 9th. Finally, Royal Bank of Canada upped their target price on Realty Income from $68.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, February 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $72.00.
Realty Income Trading Down 1.0 %
Realty Income (NYSE:O – Get Rating) last announced its quarterly earnings results on Tuesday, February 21st. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.62). Realty Income had a return on equity of 3.14% and a net margin of 26.00%. The company had revenue of $888.65 million for the quarter, compared to the consensus estimate of $840.57 million. During the same quarter last year, the company posted $0.94 EPS. The company’s quarterly revenue was up 29.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Realty Income Co. will post 4.09 earnings per share for the current fiscal year.
Realty Income Increases Dividend
The firm also recently disclosed a mar 23 dividend, which will be paid on Friday, April 14th. Shareholders of record on Monday, April 3rd will be paid a $0.255 dividend. This represents a yield of 4.8%. The ex-dividend date of this dividend is Friday, March 31st. This is an increase from Realty Income’s previous mar 23 dividend of $0.25. Realty Income’s dividend payout ratio is 214.79%.
Realty Income Profile
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.
- Get a free copy of the StockNews.com research report on Realty Income (O)
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