Cascade Investment Advisors Inc. lifted its stake in Realty Income Co. (NYSE:O – Get Rating) by 4.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,846 shares of the real estate investment trust’s stock after buying an additional 936 shares during the quarter. Cascade Investment Advisors Inc.’s holdings in Realty Income were worth $1,421,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. Equitec Proprietary Markets LLC purchased a new stake in Realty Income during the fourth quarter valued at $25,000. Achmea Investment Management B.V. purchased a new stake in shares of Realty Income in the third quarter valued at $30,000. Level Financial Advisors Inc. purchased a new stake in shares of Realty Income in the fourth quarter valued at $30,000. First Quadrant L P CA purchased a new stake in shares of Realty Income in the fourth quarter valued at $33,000. Finally, CVA Family Office LLC purchased a new stake in shares of Realty Income in the fourth quarter valued at $36,000. 76.46% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on the stock. Wolfe Research raised shares of Realty Income from a “peer perform” rating to an “outperform” rating in a research note on Tuesday, March 15th. Mizuho cut their price target on shares of Realty Income from $82.00 to $76.00 in a report on Thursday, January 20th. StockNews.com started coverage on shares of Realty Income in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Morgan Stanley cut their price target on shares of Realty Income from $79.00 to $78.00 and set an “overweight” rating on the stock in a report on Thursday, March 3rd. Finally, TheStreet upgraded shares of Realty Income from a “c+” rating to a “b” rating in a report on Wednesday, May 4th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Realty Income presently has a consensus rating of “Buy” and a consensus price target of $77.80.
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 return on equity of 2.44% and a net margin of 18.91%. The business had revenue of $807.30 million for the quarter, compared to the consensus estimate of $748.69 million. During the same quarter in the previous year, the company earned $0.86 earnings per share. The firm’s revenue was up 82.3% on a year-over-year basis. As a group, equities analysts expect that Realty Income Co. will post 3.92 earnings per share for the current year.
The firm also recently announced a may 22 dividend, which was paid on Friday, May 13th. Shareholders of record on Monday, May 2nd were issued a dividend of $0.247 per share. The ex-dividend date of this dividend was Friday, April 29th. Realty Income’s payout ratio is 290.20%.
Realty Income Profile (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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