Nepsis Capital Management Inc. reduced its holdings in shares of Realty Income Corp (NYSE:O) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,549 shares of the real estate investment trust’s stock after selling 1,681 shares during the quarter. Nepsis Capital Management Inc.’s holdings in Realty Income were worth $1,400,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in O. Schroder Investment Management Group acquired a new position in shares of Realty Income during the 2nd quarter worth about $742,000. CIBC World Markets Inc. boosted its position in shares of Realty Income by 113.0% during the 2nd quarter. CIBC World Markets Inc. now owns 7,514 shares of the real estate investment trust’s stock worth $415,000 after acquiring an additional 3,987 shares in the last quarter. Eaton Vance Management boosted its position in shares of Realty Income by 0.9% in the 2nd quarter. Eaton Vance Management now owns 5,052 shares of the real estate investment trust’s stock valued at $279,000 after purchasing an additional 47 shares during the period. Franklin Resources Inc. boosted its position in shares of Realty Income by 0.3% in the 2nd quarter. Franklin Resources Inc. now owns 394,151 shares of the real estate investment trust’s stock valued at $21,749,000 after purchasing an additional 1,134 shares during the period. Finally, Systematic Financial Management LP boosted its position in shares of Realty Income by 140.5% in the 2nd quarter. Systematic Financial Management LP now owns 4,450 shares of the real estate investment trust’s stock valued at $246,000 after purchasing an additional 2,600 shares during the period. 69.94% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently issued reports on O. B. Riley set a $56.00 target price on Realty Income and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Raymond James Financial raised Realty Income from an “underperform” rating to a “market perform” rating in a research report on Wednesday, December 20th. Citigroup raised Realty Income to a “market perform” rating in a research report on Wednesday, December 20th. They noted that the move was a valuation call. Vetr raised Realty Income from a “hold” rating to a “buy” rating and set a $58.60 target price for the company in a research report on Thursday, October 19th. Finally, Zacks Investment Research cut Realty Income from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $64.09.
Realty Income Corp (NYSE O) traded up $0.22 on Wednesday, reaching $52.94. The company’s stock had a trading volume of 2,002,300 shares, compared to its average volume of 1,945,500. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.78. The stock has a market cap of $15,000.00, a P/E ratio of 43.39, a PEG ratio of 4.00 and a beta of 0.29. Realty Income Corp has a 12-month low of $52.63 and a 12-month high of $63.60.
Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The firm had revenue of $306.90 million during the quarter, compared to the consensus estimate of $292.73 million. Realty Income had a return on equity of 5.11% and a net margin of 29.37%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.72 EPS. analysts predict that Realty Income Corp will post 2.89 earnings per share for the current fiscal year.
The business also recently disclosed a feb 18 dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be paid a dividend of $0.219 per share. This represents a yield of 0.00413675859463544%. The ex-dividend date of this dividend is Wednesday, January 31st. Realty Income’s dividend payout ratio is presently 209.02%.
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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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