Mercer Global Advisors Inc. ADV Purchases 3,412 Shares of Realty Income Co. (NYSE:O)

Posted by Defense World Staff on May 15th, 2023

Mercer Global Advisors Inc. ADV lifted its position in Realty Income Co. (NYSE:O – Get Rating) by 6.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 55,827 shares of the real estate investment trust’s stock after buying an additional 3,412 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Realty Income were worth $3,541,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its stake in shares of Realty Income by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 47,407 shares of the real estate investment trust’s stock valued at $3,007,000 after purchasing an additional 148 shares during the period. Baldwin Brothers LLC MA boosted its stake in Realty Income by 15.0% during the 4th quarter. Baldwin Brothers LLC MA now owns 1,150 shares of the real estate investment trust’s stock worth $73,000 after purchasing an additional 150 shares during the last quarter. Flputnam Investment Management Co. lifted its stake in shares of Realty Income by 1.5% in the fourth quarter. Flputnam Investment Management Co. now owns 10,662 shares of the real estate investment trust’s stock worth $676,000 after buying an additional 154 shares in the last quarter. Larson Financial Group LLC raised its holdings in Realty Income by 27.1% in the 4th quarter. Larson Financial Group LLC now owns 727 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 155 shares during the last quarter. Finally, RMR Wealth Builders raised its holdings in Realty Income by 3.3% in the 3rd quarter. RMR Wealth Builders now owns 5,459 shares of the real estate investment trust’s stock valued at $319,000 after acquiring an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Analyst Ratings Changes

O has been the topic of a number of recent research reports. Scotiabank raised 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 note on Wednesday, April 12th. Mizuho cut their price objective on shares of Realty Income from $69.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, March 9th. BNP Paribas started coverage on shares of Realty Income in a research note on Tuesday, January 17th. They issued a “neutral” rating and a $72.00 price target for the company. Stifel Nicolaus upped their price objective on Realty Income from $71.00 to $71.25 in a report on Thursday, May 4th. Finally, Royal Bank of Canada lifted their target price on Realty Income from $68.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, February 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $71.63.

Realty Income Trading Up 0.4 %

NYSE:O opened at $62.03 on Monday. The stock has a fifty day moving average price of $62.11 and a 200 day moving average price of $63.84. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.64. Realty Income Co. has a 12-month low of $55.50 and a 12-month high of $75.11. The firm has a market cap of $41.76 billion, a PE ratio of 43.68, a price-to-earnings-growth ratio of 3.11 and a beta of 0.80.

Realty Income (NYSE:O – Get Rating) last released its quarterly earnings data 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 3.12% and a net margin of 25.72%. The firm had revenue of $888.65 million for the quarter, compared to analysts’ expectations of $840.57 million. During the same period last year, the firm posted $0.94 earnings per share. Realty Income’s revenue for the quarter was up 29.7% on a year-over-year basis. Sell-side analysts anticipate that Realty Income Co. will post 4.04 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company also recently disclosed a apr 23 dividend, which will be paid on Monday, May 15th. Shareholders of record on Monday, May 1st will be issued a dividend of $0.255 per share. This represents a dividend yield of 4.9%. The ex-dividend date is Friday, April 28th. Realty Income’s payout ratio is 215.49%.

Realty Income Company Profile

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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.