ExodusPoint Capital Management LP Invests $768,000 in Realty Income Co. (NYSE:O)

ExodusPoint Capital Management LP acquired a new stake in Realty Income Co. (NYSE:O – Get Rating) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,194 shares of the real estate investment trust’s stock, valued at approximately $768,000.

A number of other institutional investors also recently added to or reduced their stakes in O. Wagner Wealth Management LLC acquired a new position in shares of Realty Income during the 2nd quarter worth $25,000. HWG Holdings LP acquired a new position in Realty Income during the third quarter worth about $41,000. Old North State Trust LLC acquired a new stake in shares of Realty Income during the 3rd quarter valued at approximately $47,000. Riverview Trust Co boosted its stake in shares of Realty Income by 90.5% during the 3rd quarter. Riverview Trust Co now owns 924 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 439 shares in the last quarter. Finally, Vectors Research Management LLC grew its holdings in shares of Realty Income by 21.3% in the 2nd quarter. Vectors Research Management LLC now owns 854 shares of the real estate investment trust’s stock worth $58,000 after acquiring an additional 150 shares during the period. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on O shares. Royal Bank of Canada boosted their target price on Realty Income from $68.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday. Mizuho raised their target price on shares of Realty Income from $61.00 to $64.00 and gave the company a “neutral” rating in a report on Thursday, December 8th. BNP Paribas initiated coverage on shares of Realty Income in a report on Tuesday, January 17th. They issued a “neutral” rating and a $72.00 price target on the stock. Raymond James cut shares of Realty Income from an “outperform” rating to a “market perform” rating in a research note on Monday, January 9th. Finally, StockNews.com lowered Realty Income from a “hold” rating to a “sell” rating in a research note on Friday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $71.75.

Realty Income Trading Down 1.7 %

Shares of O opened at $64.98 on Monday. Realty Income Co. has a fifty-two week low of $55.50 and a fifty-two week high of $75.40. The company has a market capitalization of $42.92 billion, a PE ratio of 45.76, a price-to-earnings-growth ratio of 5.04 and a beta of 0.80. The stock has a fifty day moving average of $65.74 and a two-hundred day moving average of $64.64. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.76 and a current ratio of 1.85.

Realty Income (NYSE:O – Get Rating) last released its earnings results on Tuesday, February 21st. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.62). The business had revenue of $888.65 million for the quarter, compared to analysts’ expectations of $840.57 million. Realty Income had a return on equity of 3.14% and a net margin of 26.00%. The business’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.94 earnings per share. As a group, analysts forecast that Realty Income Co. will post 4.05 EPS for the current year.

Realty Income Increases Dividend

The business also recently declared a feb 23 dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be given a dividend of $0.2545 per share. This is a positive change from Realty Income’s previous feb 23 dividend of $0.25. The ex-dividend date of this dividend is Tuesday, February 28th. This represents a yield of 4.5%. Realty Income’s dividend payout ratio is 209.86%.

About Realty Income

(Get Rating)

Realty Income Corp. is a real estate company, which engages in generating dependable monthly cash dividends from a consistent and predictable level of cash flow from operations. The company was founded by William E. Clark, Jr. and Evelyn Joan Clark in 1969 and is headquartered in San Diego, CA.