National Bank of Canada FI increased its stake in shares of Realty Income Co. (NYSE:O – Get Rating) by 24.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,758 shares of the real estate investment trust’s stock after acquiring an additional 19,690 shares during the quarter. National Bank of Canada FI’s holdings in Realty Income were worth $6,255,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of O. Panagora Asset Management Inc. boosted its stake in Realty Income by 33.7% during the first quarter. Panagora Asset Management Inc. now owns 25,505 shares of the real estate investment trust’s stock worth $1,767,000 after buying an additional 6,433 shares in the last quarter. Blair William & Co. IL boosted its stake in Realty Income by 1.9% during the first quarter. Blair William & Co. IL now owns 18,695 shares of the real estate investment trust’s stock worth $1,296,000 after buying an additional 345 shares in the last quarter. Prudential PLC acquired a new stake in Realty Income during the first quarter worth $592,000. Baird Financial Group Inc. boosted its stake in Realty Income by 8.2% during the first quarter. Baird Financial Group Inc. now owns 115,733 shares of the real estate investment trust’s stock worth $8,020,000 after buying an additional 8,803 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in Realty Income by 5.6% during the first quarter. NewEdge Advisors LLC now owns 31,334 shares of the real estate investment trust’s stock worth $2,171,000 after buying an additional 1,671 shares in the last quarter. Institutional investors own 80.52% of the company’s stock.
Realty Income Stock Up 2.0 %
Shares of NYSE:O opened at $59.95 on Tuesday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.64. The firm has a market cap of $40.36 billion, a P/E ratio of 42.22, a P/E/G ratio of 2.92 and a beta of 0.80. Realty Income Co. has a 12 month low of $55.50 and a 12 month high of $75.11. The company’s 50-day moving average price is $60.84 and its two-hundred day moving average price is $63.13.
Realty Income Increases Dividend
Wall Street Analysts Forecast Growth
O has been the topic of a number of recent research reports. Scotiabank upgraded shares of Realty Income from a “sector perform” rating to a “sector outperform” rating and set a $69.00 price target on the stock in a research note on Wednesday, April 12th. StockNews.com initiated coverage on shares of Realty Income in a research note on Thursday, May 18th. They issued a “sell” rating on the stock. Stifel Nicolaus boosted their target price on shares of Realty Income from $71.00 to $71.25 in a research note on Thursday, May 4th. Finally, Mizuho reduced their target price on shares of Realty Income from $69.00 to $66.00 and set a “neutral” rating on the stock in a research note on Thursday, March 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Realty Income has an average rating of “Hold” and a consensus target price of $71.03.
Realty Income Company Profile
Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 12,200 real estate properties primarily owned under long-term net lease agreements with commercial clients.
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