Realty Income Co. (NYSE:O) Increase in number of shares held by Stonnington Group LLC


Stonnington Group LLC increased its position in Realty Income Co. (NYSE:O – Get Rating) by 34.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund held 30,454 shares of the real estate investment trust after purchasing an additional 7,859 shares during the period. Stonnington Group LLC’s holdings in Realty Income were worth $2,178,000 at the end of the most recent reporting period.

A number of other large investors have also recently increased or reduced their holdings in O. First Affirmative Financial Network increased its stake in Realty Income shares by 2.2% in the first quarter. First Affirmative Financial Network now owns 8,432 shares of the real estate investment trust worth $584,000 after acquiring 180 additional shares in the last quarter. Private Trust Co. NA increased its position in Realty Income by 9.3% in the first quarter. Private Trust Co. NA now owns 6,701 shares of the real estate investment trust worth $464,000 after purchasing an additional 570 shares during the period. Brookstone Capital Management increased its position in Realty Income by 306.0% in the first quarter. Brookstone Capital Management now owns 113,798 shares of the real estate investment trust worth $8,139,000 after purchasing an additional 85,769 shares during the period. CHICAGO TRUST Co NA increased its position in Realty Income by 38.5% in the first quarter. CHICAGO TRUST Co NA now owns 4,241 shares of the real estate investment trust worth $293,000 after purchasing an additional 1,178 shares during the period. Finally, Carnegie Capital Asset Management LLC increased its position in Realty Income by 2.4% in the first quarter. Carnegie Capital Asset Management LLC now owns 112,913 shares of the real estate investment trust worth $7,825,000 after purchasing an additional 2,594 shares during the period. Hedge funds and other institutional investors hold 76.46% of the company’s shares.

Several research analysts have recently commented on O shares. Capital One Financial reaffirmed an “equal weight” rating on Realty Income shares in a Monday, April 25 research report. Wolfe Research reduced Real Estate Income from an “outperform” rating to a “market performer” rating and set a price target of $73.00 for the company. in a report on Monday, May 23. StockNews.com moved real estate income from a “hold” rating to a “sell” rating in a Friday, June 10 report. Morgan Stanley cut its price target on Realty Income from $78.00 to $77.00 and set an “overweight” rating for the company in a Thursday, May 26 report. Finally, TheStreet upgraded Realty Income from a “c+” rating to a “b” rating in a Wednesday, May 4, report. One research analyst rated the stock with a sell rating, four gave the stock a hold rating and three gave the stock a buy rating. According to MarketBeat, Realty Income currently has an average rating of “Hold” and a consensus price target of $76.50.

O stock traded at $1.01 midday Wednesday, hitting $66.48. The stock recorded a trading volume of 37,671 shares, compared to an average volume of 4,329,564 shares. The company has a fifty-day simple moving average of $68.31 and a two-hundred-day simple moving average of $68.43. The company has a quick ratio of 2.03, a current ratio of 2.03 and a leverage ratio of 0.62. The company has a market capitalization of $39.99 billion, a price-earnings ratio of 64.19, a PEG ratio of 4.68 and a beta of 0.74. Realty Income Co. has a 12-month low of $62.28 and a 12-month high of $75.40.

Realty Income (NYSE:O – Get Rating) last released its quarterly earnings data on Wednesday, May 4. The real estate investment trust reported earnings per share of $0.34 for the quarter, missing the consensus estimate of $0.97 per ($0.63). Realty Income had a net margin of 18.91% and a return on equity of 2.44%. The company posted revenue of $807.30 million for the quarter, versus a consensus estimate of $748.69 million. In the same quarter last year, the company achieved EPS of $0.86. The company’s revenue for the quarter increased 82.3% year over year. On average, stock analysts predict that Realty Income Co. will post earnings per share of 3.92 for the current fiscal year.

The company also recently announced a July 22 dividend, which will be paid on Friday July 15. Shareholders of record on Friday, July 1 will receive a dividend of $0.2475. The ex-date of this dividend is Thursday, June 30. Realty Income’s payout ratio is 290.20%.

Property income profile (Get a rating)

Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing shareholders with reliable monthly income. The company is structured as a REIT and its monthly dividends are supported by cash flow from over 6,500 real estate properties held under long-term lease agreements with our commercial customers.

Further reading

Want to see what other hedge funds are holding O? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Realty Income Co. (NYSE:O – Get Rating).

Institutional ownership by quarter for real estate revenue (NYSE:O)



Get news and reviews for Realty Income Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Realty Income and related companies with MarketBeat.com’s free daily email newsletter.

Comments are closed.