Imprint Wealth LLC Invests $15.91 Million in Realty Income Co. (NYSE:O)

Imprint Wealth LLC acquired a new position in Realty Income Co. (NYSE:O) during the second quarter, HoldingsChannel.com reports. The fund acquired 159,078 shares of the real estate investment trust’s stock, valued at approximately $15,908,000. Realty Income comprises 0.6% of Imprint Wealth LLC’s holdings, making the stock its 29th largest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Harbour Investments Inc. grew its stake 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 worth $373,000 after purchasing an additional 160 shares during the period. Los Angeles Capital Management LLC increased its stake in shares of Realty Income by 5.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 3,488 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 165 shares in the last quarter. Private Trust Co. NA lifted its position in shares of Realty Income by 2.0% during the 2nd quarter. Private Trust Co. NA now owns 8,776 shares of the real estate investment trust’s stock valued at $525,000 after acquiring an additional 175 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Realty Income by 4.3% during the 1st quarter. Jones Financial Companies Lllp now owns 4,277 shares of the real estate investment trust’s stock worth $271,000 after purchasing an additional 177 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. grew its stake in shares of Realty Income by 2.3% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 8,089 shares of the real estate investment trust’s stock valued at $512,000 after buying an additional 180 shares during the period. Institutional investors and hedge funds own 78.82% of the company’s stock.

Analyst Ratings Changes

O has been the topic of a number of research reports. Mizuho lowered their target price on Realty Income from $61.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 31st. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Bank of America lowered Realty Income from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $67.00 to $52.00 in a report on Tuesday, October 10th. Wells Fargo & Company started coverage on Realty Income in a report on Wednesday, September 20th. They issued an “equal weight” rating and a $59.00 target price on the stock. Finally, Scotiabank downgraded Realty Income from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $61.00 to $54.00 in a report on Monday, October 16th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $60.90.

Realty Income Stock Performance

O traded up $0.33 during trading on Monday, hitting $53.24. 2,341,060 shares of the company traded hands, compared to its average volume of 4,674,070. The firm has a market cap of $38.54 billion, a P/E ratio of 40.08, a price-to-earnings-growth ratio of 2.66 and a beta of 0.87. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.64. Realty Income Co. has a one year low of $45.03 and a one year high of $68.85. The stock’s fifty day moving average is $50.86 and its 200 day moving average is $56.56.

Realty Income (NYSE:O) last released its 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). Realty Income had a net margin of 22.64% and a return on equity of 2.90%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $999.01 million. During the same period in the prior year, the company earned $0.98 earnings per share. The firm’s revenue was up 24.1% on a year-over-year basis. As a group, equities analysts predict that Realty Income Co. will post 4 EPS for the current fiscal year.

Realty Income Announces Dividend

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