AE Wealth Management LLC increased its holdings in Realty Income Co. (NYSE:O – Get Rating) by 8.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,379 shares of the real estate investment trust’s stock after purchasing an additional 4,963 shares during the quarter. AE Wealth Management LLC’s holdings in Realty Income were worth $4,084,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Realty Income by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 98,517,484 shares of the real estate investment trust’s stock worth $5,733,718,000 after purchasing an additional 2,692,028 shares during the period. BlackRock Inc. increased its position in shares of Realty Income by 1.3% in the third quarter. BlackRock Inc. now owns 57,015,332 shares of the real estate investment trust’s stock valued at $3,318,291,000 after acquiring an additional 736,125 shares during the period. Northern Trust Corp increased its position in shares of Realty Income by 4.0% in the first quarter. Northern Trust Corp now owns 7,869,103 shares of the real estate investment trust’s stock valued at $545,328,000 after acquiring an additional 301,059 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Realty Income by 2.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,342,981 shares of the real estate investment trust’s stock valued at $370,269,000 after acquiring an additional 135,219 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Realty Income by 6.5% in the third quarter. Bank of New York Mellon Corp now owns 5,265,215 shares of the real estate investment trust’s stock valued at $306,437,000 after acquiring an additional 321,928 shares during the period. Hedge funds and other institutional investors own 80.56% of the company’s stock.
Wall Street Analyst Weigh In
O has been the topic of a number of analyst reports. Scotiabank upgraded shares of Realty Income from a “sector perform” rating to a “sector outperform” rating and set a $69.00 price objective on the stock in a research report on Wednesday, April 12th. Mizuho decreased their price objective on shares of Realty Income from $69.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, March 9th. StockNews.com started coverage on shares of Realty Income in a research report on Thursday, March 16th. They issued a “sell” rating on the stock. Stifel Nicolaus reduced their price target on shares of Realty Income from $72.25 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, March 23rd. Finally, Raymond James cut shares of Realty Income from an “outperform” rating to a “market perform” rating in a research report on Monday, January 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Realty Income has a consensus rating of “Hold” and a consensus price target of $71.60.
Realty Income Trading Up 1.3 %
Realty Income (NYSE:O – Get Rating) last issued its 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). The firm had revenue of $888.65 million during the quarter, compared to the consensus estimate of $840.57 million. Realty Income had a return on equity of 3.14% and a net margin of 26.00%. The company’s quarterly revenue was up 29.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.94 EPS. As a group, analysts forecast that Realty Income Co. will post 4.09 EPS for the current fiscal year.
Realty Income Announces Dividend
The business also recently disclosed a apr 23 dividend, which will be paid on Monday, May 15th. Investors of record on Monday, May 1st will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Friday, April 28th. This represents a yield of 4.9%. Realty Income’s dividend payout ratio (DPR) is 215.49%.
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.
Further Reading
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