Financial Partners Group Inc bought a new stake in Realty Income Corp (NYSE:O) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,722 shares of the real estate investment trust’s stock, valued at approximately $326,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Raymond James & Associates raised its stake in shares of Realty Income by 2.4% during the 4th quarter. Raymond James & Associates now owns 717,924 shares of the real estate investment trust’s stock worth $40,937,000 after purchasing an additional 16,814 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Realty Income by 2.1% during the 4th quarter. California State Teachers Retirement System now owns 485,727 shares of the real estate investment trust’s stock worth $27,696,000 after purchasing an additional 9,918 shares in the last quarter. Two Sigma Advisers LP raised its stake in shares of Realty Income by 20.2% during the 4th quarter. Two Sigma Advisers LP now owns 701,456 shares of the real estate investment trust’s stock worth $39,997,000 after purchasing an additional 117,754 shares in the last quarter. HPM Partners LLC bought a new stake in shares of Realty Income during the 4th quarter worth approximately $209,000. Finally, Guggenheim Capital LLC raised its stake in shares of Realty Income by 16.8% during the 4th quarter. Guggenheim Capital LLC now owns 659,500 shares of the real estate investment trust’s stock worth $37,605,000 after purchasing an additional 94,846 shares in the last quarter. Hedge funds and other institutional investors own 71.02% of the company’s stock.
A number of equities research analysts have recently issued reports on the company. Mizuho reiterated a “hold” rating and set a $53.00 price objective on shares of Realty Income in a research note on Friday, March 2nd. Stifel Nicolaus dropped their price target on Realty Income from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 22nd. B. Riley set a $56.00 price target on Realty Income and gave the company a “hold” rating in a research note on Thursday, February 22nd. Raymond James Financial upgraded Realty Income from an “underperform” rating to a “market perform” rating in a research note on Wednesday, December 20th. Finally, Citigroup upgraded Realty Income to a “market perform” rating in a research note on Wednesday, December 20th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. Realty Income currently has a consensus rating of “Hold” and an average target price of $62.08.
In other news, EVP Benjamin N. Fox sold 2,276 shares of the stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $50.39, for a total transaction of $114,687.64. Following the sale, the executive vice president now directly owns 17,531 shares of the company’s stock, valued at approximately $883,387.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.30% of the company’s stock.
Shares of Realty Income Corp (NYSE:O) opened at $51.45 on Wednesday. Realty Income Corp has a 12 month low of $47.25 and a 12 month high of $62.31. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $14,567.58, a price-to-earnings ratio of 16.80, a P/E/G ratio of 3.90 and a beta of 0.22.
Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.44. Realty Income had a return on equity of 5.11% and a net margin of 26.22%. The firm had revenue of $298.90 million for the quarter, compared to analyst estimates of $301.53 million. During the same period in the prior year, the firm posted $0.33 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. equities analysts expect that Realty Income Corp will post 3.16 earnings per share for the current year.
The company also recently disclosed a apr 18 dividend, which will be paid on Friday, April 13th. Shareholders of record on Monday, April 2nd will be issued a $0.2195 dividend. Realty Income’s dividend payout ratio is 236.94%.
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About Realty Income
Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. As of December 31, 2016, the Company owned a diversified portfolio of 4,944 properties located in 49 states and Puerto Rico, with over 83.0 million square feet of leasable space leased to 248 different commercial tenants doing business in 47 separate industries.
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