Realty Income Co. (NYSE:O) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in shares of Realty Income Co. (NYSE:O) by 8.0% during the second quarter, Holdings Channel reports. The firm owned 6,745,690 shares of the real estate investment trust’s stock after acquiring an additional 501,499 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Realty Income were worth $403,325,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. DT Investment Partners LLC acquired a new position in Realty Income in the 1st quarter valued at about $25,000. Compass Wealth Management LLC acquired a new position in Realty Income in the 4th quarter valued at about $25,000. Tucker Asset Management LLC acquired a new position in Realty Income in the 1st quarter valued at about $27,000. Cowa LLC increased its position in Realty Income by 2,024.0% in the 1st quarter. Cowa LLC now owns 612,921 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 584,064 shares during the period. Finally, GoalVest Advisory LLC increased its position in Realty Income by 220.0% in the 2nd quarter. GoalVest Advisory LLC now owns 480 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 330 shares during the period. Institutional investors and hedge funds own 78.82% of the company’s stock.

Realty Income Price Performance

Shares of NYSE:O opened at $52.46 on Thursday. The business’s 50 day simple moving average is $50.95 and its 200-day simple moving average is $56.72. The firm has a market capitalization of $37.98 billion, a price-to-earnings ratio of 39.74, a price-to-earnings-growth ratio of 2.50 and a beta of 0.87. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.55 and a quick ratio of 1.55. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $68.85.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.33 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.67). The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $999.01 million. Realty Income had a return on equity of 2.90% and a net margin of 22.64%. Realty Income’s revenue was up 24.1% compared to the same quarter last year. During the same period last year, the firm earned $0.98 EPS. As a group, equities analysts forecast that Realty Income Co. will post 4 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The business also recently disclosed a dec 23 dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.256 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a dividend yield of 6.1%. Realty Income’s dividend payout ratio is currently 232.58%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Bank of America cut Realty Income from a “buy” rating to a “neutral” rating and dropped their price target for the company from $67.00 to $52.00 in a research report on Tuesday, October 10th. Royal Bank of Canada lifted their price objective on Realty Income from $56.00 to $57.00 and gave the company an “outperform” rating in a report on Wednesday, November 8th. Scotiabank lowered Realty Income from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $61.00 to $54.00 in a report on Monday, October 16th. TheStreet lowered Realty Income from a “b-” rating to a “c+” rating in a report on Wednesday, August 23rd. Finally, Stifel Nicolaus lowered their price objective on Realty Income from $69.50 to $67.50 and set a “buy” rating on the stock in a report on Tuesday, November 7th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $60.90.

Realty Income 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.