Townsend & Associates Inc Has $2.25 Million Stock Holdings in Realty Income Corp (NYSE:O)

Townsend & Associates Inc raised its stake in shares of Realty Income Corp (NYSE:O) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,892 shares of the real estate investment trust’s stock after purchasing an additional 660 shares during the quarter. Realty Income accounts for about 2.1% of Townsend & Associates Inc’s holdings, making the stock its 5th biggest holding. Townsend & Associates Inc’s holdings in Realty Income were worth $2,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. First Allied Advisory Services Inc. lifted its position in Realty Income by 6.1% during the second quarter. First Allied Advisory Services Inc. now owns 63,752 shares of the real estate investment trust’s stock valued at $4,397,000 after purchasing an additional 3,642 shares during the last quarter. Spirit of America Management Corp NY lifted its holdings in shares of Realty Income by 8.2% in the 2nd quarter. Spirit of America Management Corp NY now owns 13,830 shares of the real estate investment trust’s stock worth $953,000 after acquiring an additional 1,050 shares during the last quarter. AGF Investments LLC lifted its holdings in shares of Realty Income by 27.3% in the 2nd quarter. AGF Investments LLC now owns 4,314 shares of the real estate investment trust’s stock worth $298,000 after acquiring an additional 924 shares during the last quarter. BB&T Securities LLC lifted its holdings in shares of Realty Income by 0.3% in the 2nd quarter. BB&T Securities LLC now owns 136,802 shares of the real estate investment trust’s stock worth $9,435,000 after acquiring an additional 448 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Realty Income by 108.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 273,985 shares of the real estate investment trust’s stock worth $18,897,000 after acquiring an additional 142,490 shares during the last quarter. Institutional investors and hedge funds own 70.80% of the company’s stock.

NYSE:O traded up $0.44 during midday trading on Thursday, reaching $78.73. 1,385,296 shares of the stock traded hands, compared to its average volume of 1,842,694. The company has a fifty day moving average of $75.24 and a 200 day moving average of $71.83. Realty Income Corp has a 12 month low of $55.55 and a 12 month high of $78.97. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market capitalization of $24.76 billion, a P/E ratio of 24.68, a PEG ratio of 6.10 and a beta of 0.06.



Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.01. Realty Income had a net margin of 27.86% and a return on equity of 4.79%. The company had revenue of $365.50 million during the quarter, compared to analyst estimates of $344.42 million. During the same period in the prior year, the business posted $0.34 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. On average, analysts predict that Realty Income Corp will post 3.29 EPS for the current fiscal year.

The company also recently declared a sep 19 dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be issued a dividend of $0.227 per share. The ex-dividend date is Monday, September 30th. This represents a yield of 3.6%. Realty Income’s dividend payout ratio is currently 85.27%.

A number of equities research analysts have recently weighed in on O shares. Morgan Stanley boosted their price objective on shares of Realty Income from $72.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 17th. Wells Fargo & Co set a $82.00 price objective on shares of Realty Income and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Jefferies Financial Group started coverage on shares of Realty Income in a report on Thursday. They issued a “buy” rating and a $99.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of Realty Income from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Finally, Deutsche Bank started coverage on shares of Realty Income in a report on Tuesday, August 27th. They issued a “hold” rating and a $73.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $76.70.

In other Realty Income news, Director A. Larry Chapman sold 8,000 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $75.09, for a total transaction of $600,720.00. Following the transaction, the director now directly owns 14,757 shares of the company’s stock, valued at approximately $1,108,103.13. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Paul M. Meurer sold 10,000 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $75.33, for a total transaction of $753,300.00. Following the transaction, the chief financial officer now directly owns 30,468 shares in the company, valued at $2,295,154.44. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

Realty Income Company 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 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

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

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