Teacher Retirement System of Texas cut its stake in Realty Income Co. (NYSE:O) by 17.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 62,382 shares of the real estate investment trust’s stock after selling 12,892 shares during the period. Teacher Retirement System of Texas’ holdings in Realty Income were worth $3,227,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. We Are One Seven LLC acquired a new position in Realty Income in the 4th quarter worth $102,000. Bronfman E.L. Rothschild L.P. acquired a new position in shares of Realty Income during the 1st quarter worth about $111,000. Centaurus Financial Inc. acquired a new position in shares of Realty Income during the 1st quarter worth about $125,000. JFS Wealth Advisors LLC boosted its stake in shares of Realty Income by 77.5% during the 4th quarter. JFS Wealth Advisors LLC now owns 2,284 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 997 shares during the last quarter. Finally, Wolverine Asset Management LLC acquired a new position in shares of Realty Income during the 4th quarter worth about $158,000. 69.91% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on the stock. DA Davidson set a $65.00 price objective on shares of Realty Income and gave the stock a “buy” rating in a research note on Thursday, May 10th. ValuEngine upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Friday, May 11th. Mizuho restated a “hold” rating and set a $53.00 price objective on shares of Realty Income in a research note on Friday, March 2nd. B. Riley set a $56.00 price objective on shares of Realty Income and gave the stock a “hold” rating in a research note on Thursday, February 22nd. Finally, Stifel Nicolaus reduced their price objective on shares of Realty Income from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. Realty Income presently has a consensus rating of “Hold” and an average price target of $62.40.
Shares of O stock opened at $52.84 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $15.03 billion, a PE ratio of 17.16, a PEG ratio of 3.74 and a beta of 0.16. Realty Income Co. has a 52-week low of $47.25 and a 52-week high of $60.05.
Realty Income (NYSE:O) last issued its earnings results on Tuesday, May 8th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.04). The firm had revenue of $318.30 million during the quarter, compared to the consensus estimate of $305.83 million. Realty Income had a net margin of 25.33% and a return on equity of 4.99%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 earnings per share. equities analysts forecast that Realty Income Co. will post 3.17 earnings per share for the current year.
The company also recently announced a jun 18 dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be issued a $0.2195 dividend. The ex-dividend date of this dividend is Thursday, May 31st. This represents a dividend yield of 5.04%. Realty Income’s payout ratio is 85.95%.
In other Realty Income news, EVP Benjamin N. Fox sold 2,276 shares of the stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $50.39, for a total value of $114,687.64. Following the transaction, 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 can be accessed through this hyperlink. Also, Director Kathleen Allen sold 4,000 shares of the stock in a transaction dated Thursday, May 24th. The shares were sold at an average price of $52.55, for a total transaction of $210,200.00. Following the completion of the transaction, the director now directly owns 78,000 shares in the company, valued at $4,098,900. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.
About Realty Income
Realty Income, The Monthly Dividend Company®, is an S&P 500 company dedicated to providing shareholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,000 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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