NN Investment Partners Holdings N.V. Purchases Shares of 12,461 Realty Income Corp (O)

NN Investment Partners Holdings N.V. bought a new position in Realty Income Corp (NYSE:O) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 12,461 shares of the real estate investment trust’s stock, valued at approximately $709,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in O. BlackRock Inc. raised its holdings in shares of Realty Income by 4.6% in the 2nd quarter. BlackRock Inc. now owns 30,317,687 shares of the real estate investment trust’s stock worth $1,630,791,000 after purchasing an additional 1,341,367 shares in the last quarter. Mainstay Capital Management LLC ADV raised its holdings in shares of Realty Income by 2,512.4% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 1,072,507 shares of the real estate investment trust’s stock worth $20,604,000 after purchasing an additional 1,031,452 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Realty Income by 1,361.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 817,666 shares of the real estate investment trust’s stock worth $43,983,000 after purchasing an additional 761,717 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Realty Income by 39.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,323,250 shares of the real estate investment trust’s stock worth $74,868,000 after purchasing an additional 376,308 shares in the last quarter. Finally, Millennium Management LLC bought a new stake in shares of Realty Income in the 2nd quarter worth approximately $19,888,000. Institutional investors and hedge funds own 68.44% of the company’s stock.

Shares of O opened at $62.29 on Thursday. Realty Income Corp has a 52 week low of $47.25 and a 52 week high of $62.30. The company has a market cap of $18.17 billion, a P/E ratio of 20.36, a P/E/G ratio of 4.48 and a beta of -0.01. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.88.



Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.01. Realty Income had a net margin of 26.19% and a return on equity of 5.17%. The firm had revenue of $338.08 million for the quarter, compared to the consensus estimate of $319.60 million. During the same period in the previous year, the firm posted $0.77 earnings per share. The firm’s revenue was up 10.2% on a year-over-year basis. On average, equities research analysts predict that Realty Income Corp will post 3.18 EPS for the current year.

The business also recently disclosed a nov 18 dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 1st will be given a dividend of $0.2205 per share. This represents a yield of 4.56%. The ex-dividend date of this dividend is Wednesday, October 31st. Realty Income’s payout ratio is presently 86.60%.

Several research analysts have recently weighed in on the stock. ValuEngine raised shares of Realty Income from a “hold” rating to a “buy” rating in a research report on Tuesday, October 23rd. Janney Montgomery Scott downgraded shares of Realty Income from a “buy” rating to a “neutral” rating and set a $44.00 target price on the stock. in a research report on Wednesday, August 29th. They noted that the move was a valuation call. JPMorgan Chase & Co. lifted their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research report on Monday, September 17th. Wells Fargo & Co set a $65.00 target price on shares of Realty Income and gave the stock a “buy” rating in a research report on Tuesday, September 4th. Finally, Morgan Stanley downgraded shares of Realty Income from an “overweight” rating to an “equal” rating and set a $31.00 target price on the stock. in a research report on Monday, October 1st. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $56.78.

In other Realty Income news, Director A. Larry Chapman sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $58.56, for a total value of $527,040.00. Following the completion of the sale, the director now directly owns 18,757 shares of the company’s stock, valued at $1,098,409.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregory Mclaughlin sold 3,100 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $58.00, for a total transaction of $179,800.00. Following the completion of the sale, the director now directly owns 16,886 shares of the company’s stock, valued at $979,388. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

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Realty Income Profile

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 5,400 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

See Also: S&P 500 Index

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

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