Alliancebernstein L.P. raised its holdings in shares of Realty Income Corp (NYSE:O) by 0.4% in the fourth quarter, Holdings Channel reports. The firm owned 1,265,387 shares of the real estate investment trust’s stock after buying an additional 5,213 shares during the quarter. Alliancebernstein L.P.’s holdings in Realty Income were worth $72,152,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. San Francisco Sentry Investment Group CA raised its position in shares of Realty Income by 500.0% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,800 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 1,500 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new position in Realty Income during the 3rd quarter valued at approximately $130,000. JFS Wealth Advisors LLC increased its position in 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 valued at $130,000 after buying an additional 997 shares in the last quarter. FNY Managed Accounts LLC bought a new position in Realty Income during the 3rd quarter valued at approximately $137,000. Finally, Advisors Preferred LLC bought a new position in Realty Income during the 4th quarter valued at approximately $166,000. 70.09% of the stock is owned by institutional investors and hedge funds.
O has been the subject of a number of analyst reports. Stifel Nicolaus reduced their price objective on 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 raised Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price objective for the company in a research report on Monday, November 20th. B. Riley set a $56.00 price objective on Realty Income and gave the company a “hold” rating in a research report on Monday, December 4th. Mizuho reaffirmed a “hold” rating and set a $53.00 price objective on shares of Realty Income in a research report on Friday, March 2nd. Finally, Raymond James Financial raised Realty Income from an “underperform” rating to a “market perform” rating in a research report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $62.08.
Shares of Realty Income Corp (NYSE:O) opened at $50.87 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.15 and a current ratio of 1.15. Realty Income Corp has a 52 week low of $47.25 and a 52 week high of $62.31. The company has a market capitalization of $14,460.00, a price-to-earnings ratio of 46.25, a price-to-earnings-growth ratio of 3.87 and a beta of 0.22.
Realty Income (NYSE:O) last issued its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.76 EPS for the quarter, beating the consensus estimate of $0.32 by $0.44. The business had revenue of $298.90 million for the quarter, compared to the consensus estimate of $301.53 million. Realty Income had a return on equity of 5.11% and a net margin of 26.22%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $0.33 EPS. equities research analysts anticipate that Realty Income Corp will post 3.16 earnings per share for the current year.
The company also recently declared a mar 18 dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $0.219 dividend. The ex-dividend date is Wednesday, February 28th. This represents a dividend yield of 5.32%. Realty Income’s dividend payout ratio (DPR) is currently 239.09%.
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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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