Envestnet Asset Management Inc. lowered its stake in shares of Realty Income Corporation (NYSE:O) by 36.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 191,775 shares of the real estate investment trust’s stock after selling 111,232 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.07% of Realty Income worth $10,969,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. FCG Advisors LLC boosted its stake in Realty Income by 0.5% during the 2nd quarter. FCG Advisors LLC now owns 3,629 shares of the real estate investment trust’s stock worth $200,000 after acquiring an additional 18 shares during the last quarter. JT Stratford LLC raised its holdings in Realty Income by 0.5% during the 2nd quarter. JT Stratford LLC now owns 6,701 shares of the real estate investment trust’s stock worth $370,000 after buying an additional 35 shares during the period. Eaton Vance Management raised its holdings in Realty Income by 0.9% during the 2nd quarter. Eaton Vance Management now owns 5,052 shares of the real estate investment trust’s stock worth $279,000 after buying an additional 47 shares during the period. Parallel Advisors LLC raised its holdings in Realty Income by 2.9% during the 2nd quarter. Parallel Advisors LLC now owns 3,105 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 87 shares during the period. Finally, Lincoln National Corp raised its holdings in Realty Income by 0.9% during the 2nd quarter. Lincoln National Corp now owns 14,044 shares of the real estate investment trust’s stock worth $775,000 after buying an additional 129 shares during the period. 70.04% of the stock is currently owned by hedge funds and other institutional investors.
O has been the topic of several research analyst reports. Stifel Nicolaus restated a “buy” rating and set a $65.00 target price on shares of Realty Income in a report on Wednesday, November 1st. UBS upgraded shares of Realty Income from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $52.00 to $57.00 in a report on Friday, September 8th. FBR & Co set a $56.00 price objective on shares of Realty Income and gave the company a “hold” rating in a report on Thursday, October 26th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Realty Income in a report on Wednesday, November 1st. Finally, Zacks Investment Research downgraded shares of Realty Income from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Realty Income has an average rating of “Hold” and an average price target of $64.09.
Realty Income Corporation (NYSE:O) traded down $0.52 during trading hours on Thursday, hitting $54.70. 2,296,500 shares of the company traded hands, compared to its average volume of 1,755,537. Realty Income Corporation has a twelve month low of $52.85 and a twelve month high of $63.60. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $15,480.00, a PE ratio of 18.05, a PEG ratio of 4.53 and a beta of 0.29.
Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. Realty Income had a net margin of 29.37% and a return on equity of 5.11%. The firm had revenue of $306.90 million during the quarter, compared to analysts’ expectations of $292.73 million. During the same period in the previous year, the business posted $0.72 earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. research analysts predict that Realty Income Corporation will post 2.98 EPS for the current year.
The business also recently disclosed a dec 17 dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.212 per share. The ex-dividend date is Thursday, November 30th. This represents a yield of 4.49%. Realty Income’s dividend payout ratio (DPR) is 208.20%.
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Realty Income Profile
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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