9,193 Shares in Realty Income Corporation $O Acquired by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp acquired a new stake in shares of Realty Income Corporation (NYSE:O) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 9,193 shares of the real estate investment trust’s stock, valued at approximately $559,000.

Several other hedge funds have also added to or reduced their stakes in O. Moseley Investment Management Inc. grew its position in Realty Income by 1.3% during the 2nd quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust’s stock valued at $781,000 after purchasing an additional 175 shares during the last quarter. Crescent Sterling Ltd. lifted its stake in shares of Realty Income by 4.1% in the third quarter. Crescent Sterling Ltd. now owns 4,515 shares of the real estate investment trust’s stock worth $274,000 after buying an additional 176 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in shares of Realty Income by 10.7% in the second quarter. Creative Financial Designs Inc. ADV now owns 1,833 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 177 shares in the last quarter. Gold Investment Management Ltd. grew its holdings in shares of Realty Income by 0.3% during the third quarter. Gold Investment Management Ltd. now owns 56,665 shares of the real estate investment trust’s stock valued at $3,445,000 after buying an additional 182 shares during the last quarter. Finally, HBK Sorce Advisory LLC increased its position in shares of Realty Income by 1.3% during the third quarter. HBK Sorce Advisory LLC now owns 15,578 shares of the real estate investment trust’s stock valued at $926,000 after acquiring an additional 195 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Performance

NYSE:O opened at $63.37 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a 50-day simple moving average of $58.67 and a two-hundred day simple moving average of $58.50. The firm has a market capitalization of $58.29 billion, a PE ratio of 58.67, a P/E/G ratio of 3.69 and a beta of 0.79. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $63.75.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 EPS. Analysts forecast that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 30th will be given a dividend of $0.27 per share. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Friday, January 30th. Realty Income’s dividend payout ratio (DPR) is presently 300.00%.

Wall Street Analysts Forecast Growth

O has been the subject of a number of research analyst reports. Mizuho reduced their target price on Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $61.00 target price on shares of Realty Income in a research report on Thursday, December 18th. Morgan Stanley upped their target price on shares of Realty Income from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 24th. Scotiabank upgraded shares of Realty Income from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $60.00 to $67.00 in a research note on Friday, January 30th. Finally, Wall Street Zen cut shares of Realty Income from a “hold” rating to a “sell” rating in a report on Tuesday. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $63.21.

Realty Income Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.