Banque Cantonale Vaudoise Purchases 1,475 Shares of Realty Income Co. (NYSE:O)

Banque Cantonale Vaudoise lifted its stake in Realty Income Co. (NYSE:OFree Report) by 12.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 13,775 shares of the real estate investment trust’s stock after acquiring an additional 1,475 shares during the period. Banque Cantonale Vaudoise’s holdings in Realty Income were worth $688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Amalgamated Bank increased its stake in Realty Income by 7.6% in the 3rd quarter. Amalgamated Bank now owns 176,850 shares of the real estate investment trust’s stock worth $8,832,000 after buying an additional 12,525 shares in the last quarter. Exencial Wealth Advisors LLC purchased a new stake in Realty Income in the 3rd quarter worth $432,000. Schnieders Capital Management LLC increased its stake in Realty Income by 6.2% in the 3rd quarter. Schnieders Capital Management LLC now owns 21,474 shares of the real estate investment trust’s stock worth $1,072,000 after buying an additional 1,250 shares in the last quarter. Banco Santander S.A. purchased a new stake in Realty Income in the 3rd quarter worth $659,000. Finally, Avantax Advisory Services Inc. increased its stake in Realty Income by 1.0% in the 3rd quarter. Avantax Advisory Services Inc. now owns 52,956 shares of the real estate investment trust’s stock worth $2,645,000 after buying an additional 509 shares in the last quarter. 78.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on O shares. Royal Bank of Canada increased their price objective on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, January 11th. BNP Paribas raised shares of Realty Income from a “neutral” rating to an “outperform” rating and set a $63.00 price objective for the company in a report on Wednesday, December 13th. Mizuho increased their price objective on shares of Realty Income from $58.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Wolfe Research raised shares of Realty Income from a “peer perform” rating to an “outperform” rating and set a $66.00 price objective on the stock in a research report on Wednesday, December 6th. Finally, Scotiabank lowered shares of Realty Income from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $61.00 to $54.00 in a research report on Monday, October 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $61.91.

Check Out Our Latest Stock Report on O

Realty Income Stock Performance

Shares of NYSE:O opened at $53.73 on Wednesday. The firm has a market cap of $38.89 billion, a PE ratio of 40.70, a price-to-earnings-growth ratio of 3.93 and a beta of 0.94. The firm’s 50 day simple moving average is $56.38 and its 200-day simple moving average is $54.75. Realty Income Co. has a one year low of $45.03 and a one year high of $67.89. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.55 and a current ratio of 1.55.

Realty Income (NYSE:OGet Free Report) last issued 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). The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $999.01 million. Realty Income had a net margin of 22.64% and a return on equity of 2.90%. The business’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 earnings per share. As a group, equities analysts predict that Realty Income Co. will post 4.02 EPS for the current year.

Realty Income Announces Dividend

The firm also recently disclosed a feb 24 dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be issued a dividend of $0.2565 per share. This represents a yield of 5.2%. The ex-dividend date of this dividend is Wednesday, January 31st. Realty Income’s payout ratio is 233.33%.

Insider Activity at Realty Income

In related news, Director A. Larry Chapman sold 3,500 shares of Realty Income stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $56.98, for a total transaction of $199,430.00. Following the transaction, the director now directly owns 10,590 shares of the company’s stock, valued at $603,418.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by corporate insiders.

Realty Income Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding O? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realty Income Co. (NYSE:OFree Report).

Institutional Ownership by Quarter for Realty Income (NYSE:O)

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