Pacer Advisors Inc. lowered its position in Realty Income Co. (NYSE:O – Get Rating) by 1.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 29,046 shares of the real estate investment trust’s stock after selling 318 shares during the period. Pacer Advisors Inc.’s holdings in Realty Income were worth $2,013,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Equitec Proprietary Markets LLC bought a new stake in shares of Realty Income in the 4th quarter valued at $25,000. Castle Financial & Retirement Planning Associates Inc. bought a new position in Realty Income during the 4th quarter worth about $25,000. Level Financial Advisors Inc. bought a new position in Realty Income during the 4th quarter worth about $30,000. Rinkey Investments bought a new position in Realty Income during the 4th quarter worth about $32,000. Finally, First Quadrant L P CA bought a new position in Realty Income during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 76.46% of the company’s stock.
O has been the subject of a number of research reports. Credit Suisse Group initiated coverage on Realty Income in a report on Wednesday. They set an “outperform” rating and a $75.00 target price for the company. TheStreet upgraded Realty Income from a “c+” rating to a “b” rating in a report on Wednesday, May 4th. Wolfe Research cut Realty Income from an “outperform” rating to a “market perform” rating and set a $73.00 target price for the company. in a report on Monday, May 23rd. Morgan Stanley decreased their price objective on Realty Income from $78.00 to $77.00 and set an “overweight” rating for the company in a report on Thursday, May 26th. Finally, StockNews.com cut Realty Income from a “hold” rating to a “sell” rating in a report on Friday, June 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $76.20.
Shares of NYSE O opened at $69.19 on Friday. Realty Income Co. has a fifty-two week low of $62.28 and a fifty-two week high of $75.40. The stock has a market capitalization of $41.62 billion, a price-to-earnings ratio of 67.83, a PEG ratio of 4.79 and a beta of 0.74. The business has a 50-day moving average of $68.03 and a 200-day moving average of $68.42. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.03 and a quick ratio of 2.03.
Realty Income (NYSE:O – Get Rating) last issued its earnings results on Wednesday, May 4th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.63). Realty Income had a net margin of 18.91% and a return on equity of 2.44%. The firm had revenue of $807.30 million during the quarter, compared to analyst estimates of $748.69 million. During the same quarter last year, the business posted $0.86 earnings per share. The company’s revenue for the quarter was up 82.3% on a year-over-year basis. On average, sell-side analysts expect that Realty Income Co. will post 3.92 EPS for the current year.
The company also recently announced a jul 22 dividend, which will be paid on Friday, July 15th. Investors of record on Friday, July 1st will be paid a $0.2475 dividend. The ex-dividend date is Thursday, June 30th. Realty Income’s dividend payout ratio (DPR) is currently 290.20%.
About Realty Income (Get Rating)
Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with our commercial clients.
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