Kingswood Wealth Advisors LLC bought a new stake in Realty Income Co. (NYSE:O – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,967 shares of the real estate investment trust’s stock, valued at approximately $297,000.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Harbour Investments Inc. grew its position in Realty Income by 2.8% during the fourth quarter. Harbour Investments Inc. now owns 5,888 shares of the real estate investment trust’s stock valued at $373,000 after acquiring an additional 160 shares during the period. Los Angeles Capital Management LLC boosted its position in shares of Realty Income by 5.0% in the first quarter. Los Angeles Capital Management LLC now owns 3,488 shares of the real estate investment trust’s stock worth $221,000 after buying an additional 165 shares during the period. Private Trust Co. NA boosted its position in shares of Realty Income by 2.0% in the second quarter. Private Trust Co. NA now owns 8,776 shares of the real estate investment trust’s stock worth $525,000 after buying an additional 175 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Realty Income by 4.3% in the first quarter. Jones Financial Companies Lllp now owns 4,277 shares of the real estate investment trust’s stock worth $271,000 after buying an additional 177 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. boosted its position in shares of Realty Income by 2.3% in the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 8,089 shares of the real estate investment trust’s stock worth $512,000 after buying an additional 180 shares during the period. Hedge funds and other institutional investors own 78.82% of the company’s stock.
Wall Street Analysts Forecast Growth
O has been the subject of several analyst reports. Stifel Nicolaus decreased their target price on Realty Income from $69.50 to $67.50 and set a “buy” rating for the company in a research report on Tuesday, November 7th. Royal Bank of Canada boosted their price target on Realty Income from $56.00 to $57.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Robert W. Baird reiterated a “neutral” rating and issued a $69.00 price target on shares of Realty Income in a research note on Monday, August 28th. Finally, Scotiabank cut Realty Income from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $61.00 to $54.00 in a research note on Monday, October 16th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Realty Income currently has an average rating of “Hold” and a consensus target price of $60.90.
Realty Income Stock Up 4.5 %
Shares of Realty Income stock opened at $52.14 on Wednesday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.64. The business’s 50 day simple moving average is $51.00 and its 200-day simple moving average is $56.75. The stock has a market capitalization of $37.75 billion, a price-to-earnings ratio of 39.50, a PEG ratio of 2.50 and a beta of 0.87. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $68.85.
Realty Income (NYSE:O – Get Free Report) last announced its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.67). The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $999.01 million. Realty Income had a return on equity of 2.90% and a net margin of 22.64%. The firm’s revenue for the quarter was up 24.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 earnings per share. Equities research analysts forecast that Realty Income Co. will post 4 earnings per share for the current year.
Realty Income Dividend Announcement
The business also recently declared a dec 23 dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.256 per share. This represents a dividend yield of 6.1%. The ex-dividend date is Thursday, November 30th. Realty Income’s payout ratio is 232.58%.
Realty Income Company Profile
Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 13,250 real estate properties primarily owned under long-term net lease agreements with commercial clients.
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