ProShare Advisors LLC Buys 155,677 Shares of Realty Income Corporation $O

ProShare Advisors LLC increased its stake in shares of Realty Income Corporation (NYSE:O) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,067,894 shares of the real estate investment trust’s stock after buying an additional 155,677 shares during the quarter. ProShare Advisors LLC owned 0.34% of Realty Income worth $186,497,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Realty Income in the second quarter valued at about $676,500,000. Vanguard Group Inc. grew its position in Realty Income by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock worth $8,418,907,000 after purchasing an additional 3,624,852 shares in the last quarter. Geode Capital Management LLC increased its stake in Realty Income by 8.3% in the 2nd quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock valued at $1,548,687,000 after buying an additional 2,058,031 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of Realty Income by 420.0% during the 2nd quarter. Schroder Investment Management Group now owns 2,139,550 shares of the real estate investment trust’s stock worth $123,259,000 after buying an additional 1,728,082 shares in the last quarter. Finally, ABN Amro Investment Solutions purchased a new position in shares of Realty Income in the 2nd quarter worth approximately $70,939,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on O. Royal Bank Of Canada raised their target price on Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a research report on Monday, December 29th. Scotiabank raised shares of Realty Income from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $60.00 to $67.00 in a research report on Friday, January 30th. Cantor Fitzgerald dropped their target price on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research note on Tuesday, January 20th. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $63.21.

Realty Income Trading Down 0.1%

Shares of O opened at $63.27 on Monday. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $63.90. The stock has a market cap of $58.20 billion, a PE ratio of 58.58, a P/E/G ratio of 3.74 and a beta of 0.79. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.72. The business’s 50-day moving average price is $58.78 and its 200-day moving average price is $58.56.

Realty Income Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be given a $0.27 dividend. 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 is 300.00%.

Realty Income Company 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.