Vise Technologies Inc. boosted its holdings in Realty Income Corporation (NYSE:O – Free Report) by 277.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 26,456 shares of the real estate investment trust’s stock after buying an additional 19,453 shares during the quarter. Vise Technologies Inc.’s holdings in Realty Income were worth $1,491,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Realty Income by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust’s stock valued at $8,478,910,000 after purchasing an additional 684,949 shares in the last quarter. State Street Corp boosted its holdings in Realty Income by 2.1% in the third quarter. State Street Corp now owns 63,028,892 shares of the real estate investment trust’s stock valued at $3,831,526,000 after purchasing an additional 1,295,936 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Realty Income by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 29,206,196 shares of the real estate investment trust’s stock valued at $1,655,991,000 after purchasing an additional 793,100 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Realty Income by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 12,671,171 shares of the real estate investment trust’s stock valued at $770,273,000 after purchasing an additional 433,602 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in Realty Income by 1.5% in the third quarter. Raymond James Financial Inc. now owns 12,186,943 shares of the real estate investment trust’s stock valued at $740,844,000 after purchasing an additional 175,102 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.
Realty Income Trading Down 1.3%
NYSE:O opened at $60.03 on Tuesday. The stock has a fifty day moving average price of $62.38 and a two-hundred day moving average price of $61.32. The stock has a market capitalization of $55.98 billion, a price-to-earnings ratio of 49.21, a PEG ratio of 4.76 and a beta of 0.73. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. Realty Income Corporation has a 1 year low of $55.86 and a 1 year high of $67.93.
Realty Income Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $0.2705 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) annualized dividend and a yield of 5.4%. Realty Income’s dividend payout ratio is 266.39%.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on O shares. Jefferies Financial Group started coverage on Realty Income in a research note on Monday, June 1st. They issued a “buy” rating and a $69.00 price objective for the company. Freedom Capital upgraded Realty Income from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Cantor Fitzgerald boosted their price objective on Realty Income from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, February 27th. Morgan Stanley set a $67.00 price objective on Realty Income in a research note on Monday, April 27th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Realty Income in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $67.46.
Get Our Latest Analysis on Realty Income
Insiders Place Their Bets
In other Realty Income news, insider Michelle Bushore sold 7,400 shares of the company’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $62.42, for a total value of $461,908.00. Following the sale, the insider owned 67,641 shares of the company’s stock, valued at approximately $4,222,151.22. This represents a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.
Realty Income Profile
Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.
Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.
Recommended Stories
- Five stocks we like better than Realty Income
- 3 Stocks With Fresh Catalysts to Watch Before the July 4
- Amprius Insiders Are Selling: Should Investors Be Worried?
- A Weaker Dollar Could Put These 3 Industrial Stocks Back in Focus
- A Market Rotation Toward Quality Will Benefit These 3 ETFs
Want to see what other hedge funds are holding O? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realty Income Corporation (NYSE:O – Free Report).
Receive News & Ratings for Realty Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income and related companies with MarketBeat.com's FREE daily email newsletter.
