Trust Investment Advisors Grows Stock Holdings in Realty Income Co. (NYSE:O)

Trust Investment Advisors increased its stake in shares of Realty Income Co. (NYSE:O) by 2.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,177 shares of the real estate investment trust’s stock after buying an additional 600 shares during the period. Trust Investment Advisors’ holdings in Realty Income were worth $1,266,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC raised its position in Realty Income by 6.7% during the second quarter. Commonwealth Equity Services LLC now owns 380,587 shares of the real estate investment trust’s stock worth $22,755,000 after acquiring an additional 23,811 shares during the last quarter. Great Lakes Advisors LLC raised its position in Realty Income by 0.7% during the second quarter. Great Lakes Advisors LLC now owns 42,306 shares of the real estate investment trust’s stock worth $2,529,000 after acquiring an additional 305 shares during the last quarter. Truvestments Capital LLC raised its position in Realty Income by 5.3% during the second quarter. Truvestments Capital LLC now owns 31,654 shares of the real estate investment trust’s stock worth $1,893,000 after acquiring an additional 1,585 shares during the last quarter. Windle Wealth LLC raised its position in shares of Realty Income by 2.4% in the second quarter. Windle Wealth LLC now owns 86,250 shares of the real estate investment trust’s stock valued at $5,157,000 after buying an additional 1,998 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Realty Income by 6.8% in the second quarter. Russell Investments Group Ltd. now owns 2,268,180 shares of the real estate investment trust’s stock valued at $135,692,000 after buying an additional 144,170 shares during the last quarter. Institutional investors and hedge funds own 78.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Citigroup cut their price objective on shares of Realty Income from $65.00 to $61.50 and set a “neutral” rating for the company in a research report on Tuesday, August 29th. Stifel Nicolaus cut their price objective on shares of Realty Income from $69.50 to $67.50 and set a “buy” rating for the company in a research report on Tuesday, November 7th. Wells Fargo & Company assumed coverage on shares of Realty Income in a research report on Wednesday, September 20th. They issued an “equal weight” rating and a $59.00 price objective for the company. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Finally, TheStreet downgraded shares of Realty Income from a “b-” rating to a “c+” rating in a report on Wednesday, August 23rd. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.90.

Realty Income Trading Down 0.3 %

O traded down $0.18 during trading on Friday, hitting $52.91. 7,215,723 shares of the company’s stock were exchanged, compared to its average volume of 8,019,018. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.64. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $68.85. The stock has a 50 day moving average price of $50.86 and a 200 day moving average price of $56.59. The firm has a market cap of $38.30 billion, a P/E ratio of 40.08, a price-to-earnings-growth ratio of 2.66 and a beta of 0.87.

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

Realty Income Dividend Announcement

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