Baird Financial Group Inc. reduced its position in Realty Income Corp (NYSE:O) by 4.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,088 shares of the real estate investment trust’s stock after selling 2,149 shares during the quarter. Baird Financial Group Inc.’s holdings in Realty Income were worth $2,400,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in O. BlackRock Inc. boosted its position in shares of Realty Income by 3.8% in the fourth quarter. BlackRock Inc. now owns 29,151,833 shares of the real estate investment trust’s stock valued at $1,662,238,000 after acquiring an additional 1,054,431 shares during the period. APG Asset Management US Inc. boosted its position in shares of Realty Income by 36.5% in the fourth quarter. APG Asset Management US Inc. now owns 2,882,000 shares of the real estate investment trust’s stock valued at $164,332,000 after acquiring an additional 770,700 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Realty Income by 10.9% in the third quarter. JPMorgan Chase & Co. now owns 4,436,861 shares of the real estate investment trust’s stock valued at $256,540,000 after acquiring an additional 437,803 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Realty Income by 8.0% in the third quarter. Bank of New York Mellon Corp now owns 4,345,915 shares of the real estate investment trust’s stock valued at $248,543,000 after acquiring an additional 322,239 shares during the period. Finally, Advantus Capital Management Inc boosted its position in shares of Realty Income by 743.1% in the third quarter. Advantus Capital Management Inc now owns 231,321 shares of the real estate investment trust’s stock valued at $13,229,000 after acquiring an additional 203,885 shares during the period. Institutional investors own 70.77% of the company’s stock.
O has been the subject of a number of analyst reports. Stifel Nicolaus cut 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 report on Thursday, February 22nd. Vetr upgraded shares of 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 Monday, November 20th. B. Riley set a $56.00 target price on shares of Realty Income and gave the company a “hold” rating in a research report on Thursday, February 22nd. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Realty Income in a research report on Wednesday, November 1st. Finally, Raymond James Financial upgraded shares of Realty Income from an “underperform” rating to a “market perform” rating in a research report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $63.37.
Realty Income (NYSE:O) last announced its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.44. Realty Income had a net margin of 26.22% and a return on equity of 5.11%. The business had revenue of $298.90 million during the quarter, compared to analyst estimates of $301.53 million. During the same period in the previous year, the business posted $0.33 earnings per share. Realty Income’s revenue for the quarter was up 8.6% on a year-over-year basis. equities research analysts anticipate that Realty Income Corp will post 3.16 EPS for the current year.
The business also recently announced a mar 18 dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.219 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a yield of 5.32%. Realty Income’s payout ratio is presently 239.09%.
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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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